Ethics and compliance management platform LRN has acquired Compliance Learning, the online training arm of Thomson Reuters that focuses on risk, compliance, and regulatory training. The terms of the deal have not been disclosed.
The acquisition makes LRN the largest global provider of ethics and compliance learning solutions, with an operating presence on all continents. It also increases LRN's strategic presence in Asia Pacific markets, including the financial services powerhouses of Singapore and Hong Kong, as well as Japan and Australia. According to the announcement, the addition of Compliance Learning's capabilities "substantially enhances LRN’s capabilities and expertise in the financial services marketplace and accelerates several of its vertical market product strategies."
This deal is one of the large but rare acquisitions by LRN, which last made such an investment in September 2020 when it acquired Ireland-based Interactive Services. Both deals are part of an ongoing strategy to expand the company's reach and scale, which started in 2018 when Leeds Equity Partners made a large investment in LRN on condition that LRN would expand.
“The global regulatory landscape continues to grow in scope and complexity, and organizations of all sizes need greater agility to comply with new rules, requirements, and expectations,” said Kevin Michielsen, CEO of LRN Corporation. “We are delighted to join forces with the Compliance Learning team, who share our passion for inspiring principled performance.”