Momentive Software, formerly Community Brands and a provider of cloud-based software, services and payment solutions for purpose-driven organizations, has acquired Blue Sky eLearn, a provider of learning management software and services that empower organizations to advance their missions and create meaningful learning opportunities for professionals.
It is Momentive’s first acquisition under its new brand identity and “reinforces a commitment to investing in technology to drive innovation and create more value for mission-driven customers,” company officials said via an announcement. Terms of the transaction were not disclosed. Sherrard Roe Voigt & Harbison, PLC (Nashville, Tennessee) acted as legal counsel to Momentive Software in the transaction.
More than three million users across 400 organizations globally leverage Blue Sky eLearn’s Path LMS cloud-based learning platform, utilizing educational programs and virtual events that facilitate audience learning, advancement and collaboration as it pertains to the organizational mission, according to an announcement from Momentive. Software. The acquisition advances Momentive’s efforts to enhance its end-to-end solutions portfolio, aimed at helping mission-driven organizations maximize their community impact.
“The effective delivery of training and certification is central to the mission of many associations. As associations increasingly seek ways to empower staff and deliver impactful content and a winning learning engagement experience for members, learning management systems now play a more important role than ever in driving mission growth,” according to the announcement.
The acquisition of Blue Sky eLearn is a step in the company’s ability to build out the its learning management solutions and offer customers the necessary tools to create and support learning content that result in better learner outcomes, increased member engagement, and ability to grow their mission.
“We have a sharpened focus that is anchored on how our solutions portfolio can address the unique challenges faced by organizations whose mission is to make a greater impact within the communities they serve,” said Mike Henricks, CEO at Momentive Software. “Today’s announcement reinforces Momentive’s commitment to investing in technology and the business to drive innovation and create more value for our customers and partners. We’re thrilled to welcome the Blue Sky eLearn team to Momentive and are eager to continue providing the innovative technology and exceptional support that Blue Sky’s customers and partners expect.”
