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BUSINESS - COMPANY NEWS

Learnship Receives 10 Million Euros to Fuel Global Expansion

Monday, January 22, 2018

Learnship Corporation

BUSINESS - COMPANY NEWS

Source : Learnship Corporation

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Learnship, a global leader in the field of digital foreign language training for corporations, today announced that THI Investments, a German firm with €1.5 billion in assets, has invested €10 million in the company.

The investment will help accelerate Learnship's expansion plans to grow its full-service language training solutions around the globe. Learnship empowers international companies to offer continuous education through its proprietary learning platform and high-quality online and on-site training services offered at a competitive cost. As early as next year, Learnship intends to expand its product portfolio further to include intercultural training and language coaching.

The company's growth will be led in part by newly appointed Senior Vice President, Dean Cooper, an industry leader in global distribution of learning solutions. The newest member of the Learnship management team, Cooper will be based in the United States and lead global sales activities.

Founded in Germany in 2008, Learnship has since expanded across Europe and, since 2015, has also operated in the United States. With an average growth of 40% over the last five years, Learnship teaches employees of over 2,000 clients, including leading brands such as Amazon, Bertelsmann, Nestlé, Puma, Roche and Volvo, in 75 countries.

Learnship founders Sushel Bijganath and Thomas Sonntag stated: "We are pleased to have found an entrepreneurial experienced partner in THI, who shares our fascination with digital training, and wants to work together with us to establish Learnship as the undisputed innovation and market leader – not only in Europe, but also globally."

Mihir Kotecha, CEO at THI Investments, adds: "B2B education is a strong global growth market within the service sector. Because of the rapid development of digital technology and the growing and diversified training demands of global companies, the market has been in a state of constant transformation for years and presents many opportunities. Learnship has seriously impressed us with its development strategy, having created both a unique infrastructure and innovative products for effective, global business training."





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