- Omniplex Learning empowers organisations worldwide to design, create and deliver effective and engaging eLearning;
- The business secured investment from LDC, the mid-market private equity house in December 2020 and is growing at over 60% year-on-year;
- The capital from OakNorth Bank will be used to support Omniplex Learning’s working capital along with investment in a new St. Alban’s HQ and best-in-class IT systems to enable future growth;
- The market for eLearning tools globally is estimated to be worth over $20bn with 2022 year-on-year growth for the UK eLearning market reaching 14.7%[1].
OakNorth Bank, the neobank for entrepreneurs, by entrepreneurs, has completed a £3m loan to Omniplex Learning to support working capital and future growth.
Omniplex Learning is a market-leading supplier of eLearning software and solutions, including authoring tools, learning management systems (LMS), and digital adoption systems. The business partners with industry-leading software platforms and provides eLearning services including training, consulting, and bespoke content development. Its impressive growth over the last few years led to it attracting investment from LDC, a mid-market private equity house, in December 2020, enabling the management team to further consolidate Omniplex Learning’s market-leading position and to complete several acquisitions to expand its product portfolio.
David Byrne, CFO of Omniplex Learning, commented: “We are seeing strong growth in our core eLearning market as organisations make the transition from more traditional learning methods and address growing compliance requirements. The backing of strong financial partners in OakNorth and LDC is helping Omniplex Learning to grow to meet its customer needs serving best in class e-learning software, content, and solutions to our client base of over 3,600 customers. We found the process with OakNorth to be straightforward and transparent, and it was a highlight to present our business directly to the Bank’s Credit Committee, which to our knowledge is unique in the market. The transaction team have been first-class throughout the process, and we appreciated the speed and flexibility with which the team operates.”
Stewart Haworth, Director of Debt Finance at OakNorth Bank, continued: “Omniplex Learning is a strong, innovative business backed by a highly regarded sponsor in LDC. The business has grown rapidly over the last three years and has become a market leader in what is a highly competitive and growing industry. We’re delighted they chose OakNorth as their funding partner and look forward to continuing to support them as they scale.”
ENDS
Notes to editors
[1] PR Newswire – E-learning Market in the UK to Record 14.7% Y-O-Y Growth Rate in 2022, Learning Process Enhancements in the Academic Sector to Boost Growth, Technavio
About OakNorth Bank plc
Launched in September 2015 and founded by entrepreneurs, OakNorth Bank provides fast, flexible, and accessible debt finance to the UK’s Missing Middle.
Since its launch, the bank has:
- Lent over £8.5bn, directly helping with the creation of 37,000 new jobs and 27,000 new homes across the UK.
- Raised deposits from c.175,000 savers.
- Supported several hundred businesses across the UK with the debt finance to pursue their growth ambitions.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
Media contact
Tom Pavey-Smith, Associate Director, Growth & Communications – [email protected] / [email protected] / 0791 716 5588
About Omniplex Learning
All your digital learning needs, connected in one place. Alongside in-house design and content services, expert training and digital adoption solution Omniplex Guide, Omniplex Learning is the trusted partner for global brands Articulate, Docebo and Vyond.
Omniplex Learning offers a complete learning solution, with award-winning authoring tools, market-leading learning management systems, seamless digital adoption and expert in-house design, content and training services.
This is learning, connected.
For further information about Omniplex Learning please email [email protected]
or call: UK +44 (0)8000 850 550.
[1] PR Newswire – E-learning Market in the UK to Record 14.7% Y-O-Y Growth Rate in 2022, Learning Process Enhancements in the Academic Sector to Boost Growth, Technavio