It’s been a banner year for eLearning Brothers as the company announces its third acquisition of 2022 — CoreAxis, which provides creative solutions in training design, development and on-demand learning.
The company also changed its name to ELB Learning.
CoreAxis is known in the recruiting space as a leader in providing corporate training services and staff augmentation skills. Claiming a 98% client retention rate, the company focuses on increasing training metrics to impact employee performance, maximized skills and measurable ROI.eLearning Brothers announced its third acquisition of 2022: CoreAxis, which provides solutions in training design, development and on-demand learning. #HR #HRtech @ELBLearning Click To Tweet
“This acquisition provides a tremendous opportunity for our customers and talented associates to be part of the most exciting growth story in our industry,” said CoreAxis CEO Mark Zides. “Adding global resources and a robust learning platform will position our combination for immediate success and long-term growth.”
For eLearning Brothers, the acquisition follows on the heels of two acquisitions earlier this year. In January 2022, the company acquired video-based coaching and practice platform Rehearsal, and also Origin Learning, an Indian company that supplies learning design and development on top of technology solutions.
“We are on a mission to be the one-stop for companies that want to create better learning experiences,” said Andrew Scivally, CEO of eLearning Brothers. He said the company is uniquely positioned with creation tools, emerging technology and learning services all under one roof. CoreAxis will allow the company to provide new capabilities to its learning offerings.
In February, eLearning Brothers raised $54 million in a round led by RLG Capital and Trinity Investors. eLB also acquired Rehearsal, a video-based training platform, and Origin Learning, a platform that provides learning content and technology solutions.
Through its proprietary platforms, eLearning Brothers offers training tools and content to corporate clients for staff training and development. Scivally Andrew told TechBuss that “probably 95% of our revenue, or more, comes from the corporate space.” Procter & Gamble, Twitch, PayPal, Microsoft and AARP are among the company’s customers.
Image: ELB Learning