Training Industry Magazine - September/October 2021 - 58

CLOSING
DEALS
GP STRATEGIES AND LEARNING TECHNOLOGIES GROUP
(LTG) JOIN FORCES TO ACCELERATE WORKFORCE
PERFORMANCE TRANSFORMATION
BY SARAH GALLO, CPTM
Now more than ever, companies are
looking for scalable, turn-key solutions
to upskill their workforces to stay
competitive in an evolving market. In fact,
the World Economic Forum found that
54% of current employees will require
" significant upskilling and reskilling " by
2022.
With 2021 quickly coming to an end,
it makes sense that the demand for
comprehensive workforce performance
solutions is high. This is reflected in
Learning Technologies Group (LTG)'s
agreement to acquire GP Strategies,
a leader in workforce performance
transformation, for $394M, which is one
of the biggest mergers we've seen in
the corporate training industry to date.
THE PERFECT PAIR
The deal is largely a symbiotic one,
offering unique benefits for both
companies. LTG's portfolio of learning
technology companies, which includes
everything from learning record
stores (LRSs) to learning experience
platforms (LXPs), will provide scalable
platforms to help GP Strategies deliver
their top-notch learning services and
large-scale
workforce
improvement initiatives.
For LTG, the merger will mean instant
access to GP Strategies' inherent
expertise in building complex learning
solutions, which is a notoriously difficult
skill to recruit for and would have taken
considerable time to develop in house.
With expertise in all of the core
process capabilities of great training
organizations, the merged company will
| 58
performance
be well-equipped to help even Fortune
100 companies with complicated
learning systems environments deliver
successful programs. But that doesn't
mean middle-market companies will be
left behind: The combined company will
boast an impressive toolbox of ready-touse,
out-of-the-box solutions that smaller
organizations can implement right away.
Ultimately, with both GP Strategies and
LTG's portfolio of companies making a
regular appearance on Training Industry's
Top 20 Training Companies Lists -
and a market cap of $1.79B - we can
reasonably expect the combined company
to make waves across nearly all segments
of the corporate training market.
ALL YOUR EMPLOYEE
PERFORMANCE IMPROVEMENT
NEEDS IN ONE PLACE
More and more organizations are looking
to not only adopt learning technologies
but also to bring in the knowledge and
services needed to
implement them
effectively. Thus, the merged company
will offer a comprehensive solution that
many buyers have been looking for. That's
why this merger makes sense, says Ken
Taylor, chief executive officer at Training
Industry. " As companies look to deliver
great training, they'll want to partner with
a vendor who has a deep understanding
of how learning technologies can support
large-scale programs successfully. " The
merged company, he says, is positioned
to do just that.
With the ability to identify innovative
solutions to workforce performance
problems, and to deliver solutions using
cutting-edge technologies, the combined
company will provide the marketplace
with a one-stop shop for buyers' employee
performance improvement needs. This
will be a key competitive advantage for
the merged company, as organizations
are looking to improve performance
quickly and at scale to keep pace with
shifting business priorities.
THE DEAL IS LARGELY
A SYMBIOTIC ONE,
OFFERING UNIQUE
BENEFITS FOR BOTH GP
STRATEGIES AND LTG.
GOING GLOBAL
In addition to designating itself as
a one-stop workforce performance
improvement shop, the merger will create
a notable global footprint for the company.
This is another competitive advantage
worth noting: With business becoming
more and more globally distributed, the
combined company (which will boast
around 5,500 employees worldwide) will
have a presence in 80 countries globally,
according to the press release.
Agreeing to merge companies during
COVID-19, a turbulent time for businesses
across industries, is a major feat for both
LTG and GP Strategies. It proves that they
can not only survive but thrive during
adverse times, and that their workforce
performance transformation solutions
can help their current - and future -
customers do the same.
Sarah Gallo, CPTM, is an editor at
Training Industry, Inc., and co-host of
" The Business of Learning, " the Training
Industry podcast. Email Sarah.
http://www3.weforum.org/docs/WEF_Future_of_Jobs_2018.pdf https://www.trainingindustry.com/top-training-companies/ https://www.trainingindustry.com/press-release/learning-technologies/gp-strategies-agrees-to-merge-with-learning-technologies-group-creating-one-of-the-worlds-largest-workforce-transformation-companies/ https://www.google.com/finance/quote/LTG:LON?sa=X&ved=2ahUKEwj99qCF2eDyAhWZQs0KHUPhA0YQ3ecFMAJ6BAgNEBI https://www.trainingindustry.com/glossary/learning-record-store-lrs/ https://www.trainingindustry.com/glossary/learning-record-store-lrs/ https://www.trainingindustry.com/glossary/learning-experience-platform/ https://www.trainingindustry.com/glossary/learning-experience-platform/ https://www.trainingindustry.com/press-release/learning-technologies/gp-strategies-agrees-to-merge-with-learning-technologies-group-creating-one-of-the-worlds-largest-workforce-transformation-companies/ https://www.trainingindustry.com/wiki/strategy-alignment-and-planning/the-8-capabilities-of-great-training-organizations/ https://www.trainingindustry.com/wiki/strategy-alignment-and-planning/the-8-capabilities-of-great-training-organizations/ https://www.trainingindustry.com/training-industry-podcast/

Training Industry Magazine - September/October 2021

Table of Contents for the Digital Edition of Training Industry Magazine - September/October 2021

Diagnosing Learner Needs
Table of Contents
Level Setting Performance Improvement versus Training
Responsible Applications of Performance Support Technologies
Performance Improvement is Inside Out
3 Levels of Performance Improvement
Using Science to Create Real Behavioral Change
Fostering Better Engagement Among Multiple Levels of Experiences
Improving Retention and Application of Learning with Continuous Learning Journeys
Tipping the Scale: The Secrets of Super-Performers
Driving Success in Organizational Design: A Seat at the Table for Learning and Development
Make Training Relevant - Diagnose Performance First
Your Mentor Is Waiting: Leveraging Technology for Knowledge and Skills Sharing
The Training Advantages of Combining Behavior and Knowledge Mapping
Don't Manage Performance, Manifest It! 5 Keys to Transform Learning into Legacy
Using Learning Initiatives to Drive Employee Engagement
Experience-based Learning: Transforming While Performing
Performance Improvement and the Brain
Learner Mindset
GP Strategies and Learning Technologies Group Join Forces to Accelerate Workforce Performance Transformation
Company News
Training Industry Magazine - September/October 2021 - Intro
Training Industry Magazine - September/October 2021 - 1
Training Industry Magazine - September/October 2021 - 2
Training Industry Magazine - September/October 2021 - CT1
Training Industry Magazine - September/October 2021 - CT2
Training Industry Magazine - September/October 2021 - Diagnosing Learner Needs
Training Industry Magazine - September/October 2021 - 4
Training Industry Magazine - September/October 2021 - 5
Training Industry Magazine - September/October 2021 - Table of Contents
Training Industry Magazine - September/October 2021 - 7
Training Industry Magazine - September/October 2021 - 8
Training Industry Magazine - September/October 2021 - Level Setting Performance Improvement versus Training
Training Industry Magazine - September/October 2021 - 10
Training Industry Magazine - September/October 2021 - Responsible Applications of Performance Support Technologies
Training Industry Magazine - September/October 2021 - 12
Training Industry Magazine - September/October 2021 - Performance Improvement is Inside Out
Training Industry Magazine - September/October 2021 - 14
Training Industry Magazine - September/October 2021 - 3 Levels of Performance Improvement
Training Industry Magazine - September/October 2021 - Using Science to Create Real Behavioral Change
Training Industry Magazine - September/October 2021 - 17
Training Industry Magazine - September/October 2021 - 18
Training Industry Magazine - September/October 2021 - 19
Training Industry Magazine - September/October 2021 - Fostering Better Engagement Among Multiple Levels of Experiences
Training Industry Magazine - September/October 2021 - 21
Training Industry Magazine - September/October 2021 - 22
Training Industry Magazine - September/October 2021 - 23
Training Industry Magazine - September/October 2021 - Improving Retention and Application of Learning with Continuous Learning Journeys
Training Industry Magazine - September/October 2021 - 25
Training Industry Magazine - September/October 2021 - Tipping the Scale: The Secrets of Super-Performers
Training Industry Magazine - September/October 2021 - 27
Training Industry Magazine - September/October 2021 - 28
Training Industry Magazine - September/October 2021 - 29
Training Industry Magazine - September/October 2021 - Driving Success in Organizational Design: A Seat at the Table for Learning and Development
Training Industry Magazine - September/October 2021 - 31
Training Industry Magazine - September/October 2021 - 32
Training Industry Magazine - September/October 2021 - 33
Training Industry Magazine - September/October 2021 - Make Training Relevant - Diagnose Performance First
Training Industry Magazine - September/October 2021 - 35
Training Industry Magazine - September/October 2021 - 36
Training Industry Magazine - September/October 2021 - 37
Training Industry Magazine - September/October 2021 - Your Mentor Is Waiting: Leveraging Technology for Knowledge and Skills Sharing
Training Industry Magazine - September/October 2021 - 39
Training Industry Magazine - September/October 2021 - The Training Advantages of Combining Behavior and Knowledge Mapping
Training Industry Magazine - September/October 2021 - 41
Training Industry Magazine - September/October 2021 - 42
Training Industry Magazine - September/October 2021 - 43
Training Industry Magazine - September/October 2021 - 44
Training Industry Magazine - September/October 2021 - Don't Manage Performance, Manifest It! 5 Keys to Transform Learning into Legacy
Training Industry Magazine - September/October 2021 - 46
Training Industry Magazine - September/October 2021 - 47
Training Industry Magazine - September/October 2021 - Using Learning Initiatives to Drive Employee Engagement
Training Industry Magazine - September/October 2021 - 49
Training Industry Magazine - September/October 2021 - 50
Training Industry Magazine - September/October 2021 - 51
Training Industry Magazine - September/October 2021 - 52
Training Industry Magazine - September/October 2021 - Experience-based Learning: Transforming While Performing
Training Industry Magazine - September/October 2021 - 54
Training Industry Magazine - September/October 2021 - Performance Improvement and the Brain
Training Industry Magazine - September/October 2021 - 56
Training Industry Magazine - September/October 2021 - Learner Mindset
Training Industry Magazine - September/October 2021 - GP Strategies and Learning Technologies Group Join Forces to Accelerate Workforce Performance Transformation
Training Industry Magazine - September/October 2021 - Company News
Training Industry Magazine - September/October 2021 - 60
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