We take a look at the largest investment rounds that have taken place in recent years in the Corporate Training sector. In addition, we analyse the purchase of BT Training by Spain's Netmind, backed by Cofides.
We take a look at the largest investment rounds that have taken place in recent years in the Corporate Training sector. In addition, we analyse the purchase of BT Training by Spain's Netmind, backed by Cofides.
Netmind is a Spanish company specialising in helping IT teams to promote and lead the digital transformation of their organisations through training and support services that enable them to develop their talent, drive cultural change and transform their management models.
Among its services we can find the following IT development solutions:
Founded in Barcelona in 1987, Netmind trains more than 6,000 professionals every year and runs more than 1,000 courses. Its client portfolio includes companies such as Accenture, BBVA, Deloitte, Grifols, HP, Microsoft and Telefónica, among others.
The company has three offices in Spain, located in Barcelona, Bilbao and Madrid, and one in the United States, in Miami. In the coming months it plans to set up in several Latin American countries.
Founded in 2000, B2T Training is a leading US provider of business analysis training and support services for agile transformation based in Atlanta, Georgia.
B2T Training offers a wide range of training services including: classroom training, live virtual training, on-demand training, webinars, workshops, mentoring, consultancy and training and curriculum development.
Netmind, a Spanish company dedicated to helping IT teams promote and lead the digital transformation of their organisations, will strengthen its presence in the United States with the acquisition of the US business analysis training company B2T Training, with the collaboration of Cofides.
Through a co-investment instrument under FONPYME, Cofides will support Netmind in the acquisition of B2T Training by financing 36% of the total investment.
With the acquisition of B2T, Netmind consolidates its presence in the United States and will have international business partners providing its courses and certifications in countries such as South Africa, Australia, and New Zealand.
In June 2017, Netmind launched its US subsidiary in Miami, Netmind International, for which it also received support from FONPYME. The company will keep both projects active simultaneously, each targeting a different customer profile. Thus, Netmind International will develop the business of Spanish clients operating in the United States and Latin America, while B2T Training will continue to focus on major US companies.
According to Bernat Palau, CEO of Netmind, "the acquisition of B2T Training will help us to accelerate our implementation in the United States and to position ourselves as a company that provides high value-added training services".
| Company | Description | Country | Amount | Date |
|---|---|---|---|---|
| Transfix | Transfix is a technology company that is changing the way companies manage their supply chain. | USA | $42M | 2017 |
| $22M | 2016 | |||
| Telogis | Telogis offers a cloud-based enterprise mobile management software platform for companies that require dynamic routing, work order management services, navigation, telematics and real-time mobile integration for their mobile workforce. | USA | $40M | 2015 |
| Otonome | Otonomo offers a cloud-based SaaS solution for car manufacturers, enabling them to share and monetise data from their cars and offer additional services to drivers. | Israel | $25M | 2017 |
| oTMS | oTMS is the leading end-to-end transportation platform. oTMS aims to build the first successful transportation management and e-sourcing platform for the business community in China. | China | $25M | 2016 |
| OlymTech | OlymTech is a leading provider of cloud-based e-commerce solutions in the international freight forwarding and logistics industry in China. | China | $20M | 2015 |
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