TIDMITRK
RNS Number : 2684K
Intertek Group PLC
24 August 2023
INTERTEK STRENGTHENS PEOPLE ASSURANCE OFFERING WITH ACQUISITION
OF LEADING MOBILE WORKFORCE ENABLEMENT PLATFORM
24 August 2023
-- Post-Covid, corporations around the world have intensified
their focus on quality, health, safety and wellbeing, resulting in
growing demand for bespoke People Assurance solutions and
mobile-based learning
-- With approximately 2.7 billion people, or 80% of the global
workforce in deskless roles, the demand for comprehensive
mobile-based learning delivered at the point of need is growing
-- Acquisition of PlayerLync is a compelling strategic fit that
strengthens Intertek's position as a leader in SaaS-based,
technology-enabled People Assurance services as it meets the
demands of a fast-evolving workforce, connecting deskless and
mobile workers to high-quality, engaging content
More information is available here:
https://www.intertek.com/investors/playerlync-video/
Intertek Group plc ("Intertek" and "Group"), a Total Quality
Assurance provider to a range of industries worldwide, announces
that it has acquired PlayerLync Holdings, Inc. ("PlayerLync") a
leading SaaS-based platform which combines mobile learning,
operational support and compliance, content management and people
engagement in a single application.
Post-Covid, corporations around the world have intensified their
focus on quality, health, safety and wellbeing, resulting in
growing demand for bespoke People Assurance solutions and
mobile-based learning, driven by increasing regulation and
heightened end-customer expectations.
With approximately 2.7 billion people, or 80% of the global
workforce operating in deskless roles today(1) , the demand for
bespoke People Assurance solutions and mobile-based learning
delivered at the point of need continues to grow, driven by
increasing regulation and heightened end-customer expectations.
For businesses with large frontline workforces, including within
the restaurant, hospitality and retail industries, delivering
intuitive technology-enabled training, learning and development
content to employees via mobile devices has therefore become
mission critical.
PlayerLync's unique value proposition addresses the critical
gaps that currently exist for corporates in meeting the demands of
a fast-evolving workforce, harnessing its innovative, tech-enabled
mobile management platform to connect deskless and mobile workers
to high-quality, engaging content. Its mobile workforce enablement
platform combines mobile learning, operational support and
compliance, content management, and communications in a single
native app which is used predominantly by customers in the food
retail, restaurant and hospitality sectors in North America.
PlayerLync will become part of Intertek's People Assurance
business, building on the Group's earlier pioneering acquisition of
Alchemy/Wisetail by adding robust mobile content management,
communication, and offline synchronization capabilities.
The acquisition creates compelling additional growth
opportunities for Intertek to strengthen its existing People
Assurance service offering, further enhancing the Group's
differentiated Total Quality Assurance proposition and
Science-based Customer Excellence advantage.
Founded in 2012 and based in Denver, Colorado, PlayerLync
employs 35 people and generated revenues of GBP6.1m in 2022.
1 . The Human CapitalHub, Skedulo, McKinsey, Harvard Business
Review
André Lacroix, Chief Executive Officer of Intertek, said: "The
acquisition of PlayerLync, a leading provider of high-quality
mobile-first training and learning content to frontline workforces
at some of the world's leading consumer brands, strengthens our
position as a leader in SaaS-based, technology-enabled People
Assurance services. Post-Covid, companies realise that as customer
and stakeholder expectations surrounding health, safety and the
environment reach new heights, delivering meaningful engagement
with their frontline employees is mission critical for business
success.
We step-changed our People Assurance with the acquisition of
Alchemy/Wisetail in 2018 and PlayerLync provides a compelling
opportunity to further enhance our differentiated TQA proposition
and customer excellence advantage in what is a fast-evolving
landscape. As the deskless frontline workforce continues to grow,
software-based technology solutions that deliver learning,
communications and engagement are ever more important and the
combination of Wisetail and PlayerLync will be exceptionally
well-placed to address those needs.
We welcome the PlayerLync team to Intertek and look forward to
working together to seize the truly exciting opportunities
ahead."
For further information please contact:
Denis Moreau, Investor Relations
Telephone: +44 (0) 20 7396 3415 investor@intertek.com
Jonathon Brill/James Styles, Dentons Global Advisors
Telephone: +44 (0)7836 622 683
intertek@dentonsglobaladvisors.com
Intertek is a leading Total Quality Assurance provider to industries
worldwide.
Our network of more than 1,000 laboratories and offices in more
than 100 countries, delivers innovative and bespoke Assurance,
Testing, Inspection and Certification solutions for our customers'
operations and supply chains.
Intertek Total Quality Assurance expertise, delivered consistently,
with precision, pace and passion, enabling our customers to
power ahead safely.
intertek.com
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END
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