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Tuesday, February 27, 2024

Danish LXP startup eloomi is acquired by global HCM leader Ceridian, enhancing learning and development capabilities

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eloomi, a Copenhagen-based startup specializing in learning experience platform software, is set to be acquired by Ceridian, a global leader in human capital management technology. The acquisition, expected to be finalized in Q1 2024 using existing cash reserves, aims to integrate eloomi’s capabilities into Ceridian’s Dayforce platform. This strategic move seeks to enhance Dayforce by offering users an improved learning and development experience, featuring advanced features such as enterprise-grade learning tools, mobile-first training solutions, AI-driven content creation, and upskilling options. The acquisition reflects Ceridian’s commitment to meeting the evolving learning needs of the global workforce, particularly in the expanding Learning Management System market.

eloomi’s all-in-one, modern learning platform offers the power of a compliance-driven LMS together with the benefits of a leading Learning Experience Platform (LXP). It provides leading learning and development capabilities to more than 850 customers around the world, including BigChange, GettyImage, Icelandair, and PM Hotels.

“Our customers are at the heart of everything we do – and we couldn’t be more excited to expand the breadth and depth of our worldclass learning and development capabilities to new and existing customers with Dayforce,” said Claus Johansen, Founder and CEO, eloomi.

Ceridian (NYSE: CDAY; TSX: CDAY), a global leader in human capital management (HCM) technology, today announced it has entered into a definitive agreement to acquire eloomi, a leading learning experience platform software provider based in Copenhagen, Denmark, and Orlando, Florida. The acquisition is expected to close in Q1 2024 and will be funded with existing balance sheet cash.

“The dynamic learning and development needs of today’s boundless workforce require leading enterprise solutions. The acquisition of eloomi will help supercharge the people development capabilities of Dayforce, equipping customers with more engaging learning and development experiences, AI-driven content creation, and extended enterprise learning capabilities,” said Joe Korngiebel, Chief Product and Technology Officer, Ceridian.

With the global Learning Management System (LMS) market size expected to reach $54.69 billion by 2032[1], forward-thinking leaders need to focus on continual skills optimization to remain competitive and to foster communities of engaged and empowered learners.

Ceridian is seizing on this opportunity for its customers by integrating eloomi’s capabilities seamlessly into the Dayforce platform to improve existing learning management and talent offerings. Dayforce customers worldwide will benefit from a single data model and a single experience that includes an end-to-end learning platform, learning content, people development, skills intelligence, and employee communications functionality.

The eloomi acquisition by Ceridian is set to bring significant enhancements to the company’s learning and development offerings. This includes the introduction of enterprise-grade learning capabilities tailored for the extended enterprise, covering employees, contingent labor, partners, and customers. The integration will also feature mobile-first frontline training and communication solutions, a powerful AI co-writer for efficient content authoring, and upskilling/reskilling functionality through personalized learning paths.

The acquisition aims to revolutionize people development by incorporating clear and actionable goal management, automated development journeys, and an industry-leading learning content marketplace with high-quality, on-demand content. Additionally, engaging employee communications will be facilitated through a mobile and web-based news and activity feed, secure chat, and community spaces platform. These innovations collectively aim to elevate learning experiences, enhance productivity, and support development for Dayforce customers globally.

“Together with eloomi, we’ll fulfill our shared ambition of making work life better for our customers and their modern, boundless workforce,” concluded Korngiebel.

eloomi is backed by the Export and Investment Fund of Denmark (EIFO), Kennet Partners, and Great Hill Partners.

Click here to read more M&A news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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