It’s all change at PIXELearning: ACQUISITION and DIRECTORATE CHANGE
May 19, 2011 Leave a comment
As some of our readers may know, a few things have changed recently at PIXELearning! In April we were acquired by Milamber Investments and in the same month the Board of Intellego, the AIM traded regulatory and compliance focused, digital learning business, was delighted to announce it has acquired PIXEL from Milamber Investments Limited.
Richard Smith remains CEO of PIXEL and will continue to spearhead the growth of the company, while Andy Hasoon, a director of PIXELearning Ltd and Milamber Group, will be appointed an executive director of Intellego. Andy Hasoon, 39 has been involved in training since 1994, in 1999 he set up Courseleader.com, a business which specialised in IT training and in 2003 founded 50 Lessons, which was acquired by Skillsoft.com in 2011.
Andy Hasoon said ‘There is considerable opportunity to grow both the PIXEL and Intellego businesses organically and through M&A activities. The elearning market is highly fragmented and I have been invited on to the Intellego Board to help execute that strategy.’
Commenting Angus Forrest, Chairman of Intellego, said ‘This acquisition will advance Intellego’s development as a top end digital learning business differentiating its offering from competitors, introducing new customer opportunities and generating income from the company’s own intellectual property.
We are pleased Andy Hasoon is joining the Board, as he will increase the Company’s experience and contacts within the learning sector.’
Intellego specialises in the provision of productivity improvement, compliance and process change using training to provide the solutions. Focus areas include published and bespoke elearning and training for retail, pharmaceutical and financial services industries.
Richard Smith says, ‘We have been working with Milamber since April 2010 when I took over as CEO of PIXEL. During that time we have made significant progress to move from a bespoke serious games and immersive simulations company to having a suite of products that are also off-the shelf such as PIXEL’s finance, business, entrepreneurship, sales and leadership simulations, plus ‘must have’ products such as our ‘diversity’ and ‘data security’ simulations – we plan to make many more over the coming years”.
In addition, says Smith, “We have put in place development and distribution arrangements with companies such as Reality Works, Global Novations and Pearson Education…which gives us the ability to take the next step in our growth.”
PIXELearning are incredibly excited about the opportunity to become part of the Intellego group, growing our potential and building a global distribution footprint.