NEW
YORK, May 6, 2024 /PRNewswire/ -- Echo360, the
leading global SaaS platform for comprehensive learning engagement
outcomes, today announced its acquisition of Inkling, a pioneer in
digital training and development. This strategic union aims to
redefine corporate learning for millions of frontline employees
worldwide.
Inkling, established in 2009, has been instrumental in advancing
mobile learning and content management technologies. Its innovative
solutions have been adopted by top-tier companies like McDonald's,
Whole Foods, McGraw Hill, and Service Now, enhancing how employees
are trained and retained.
Murad Velani, appointed CEO of
the merged entity, stated, "Combining Inkling's cutting-edge
corporate learning technologies with Echo360's educational
expertise, we are poised to transform learning across education and
corporate sectors. Our combined capabilities will uniquely address
the diverse needs of learners from trade schools, universities to
corporations, setting new standards in personalized and interactive
learning experiences. Inkling's mobile-first approach will further
enable personalized, accessible learning experiences for all."
With Inkling, Echo360's suite of learning engagement solutions
are further enriched with:
- Advanced authoring tools to streamline content creation across
organizational learning programs.
- A user-friendly mobile interface enabling learning
on-the-go.
- Customized learning pathways and interactive content including
videos, gamification, simulations.
- Comprehensive real-time analytics to monitor and boost learner
performance.
Echo360's acclaimed Echosystem™, trusted by major universities
and educational institutions worldwide, together with Inkling's
technologies, will deliver unparalleled solutions across
educational and corporate sectors.
Velani added, "Built on Echo360's foundational 'e3' principles
of engagement, equity, and evidence, our unified platform not only
improves learning outcomes but also streamlines support and
administration costs. Universities and corporations often grapple
with niche solutions that fail to scale; and technology providers
that struggle to innovate with the evolving needs of customers.
Echo360 offers a global, integrated platform that enables our
customers to consolidate these fragmented solutions, resulting in
significant cost savings, enhanced learning outcomes, and deliver a
richer learning experience for both students and instructors."
Ken Lau, Managing Director at
Centre Lane Partners, emphasized the strategic impact of the
acquisition, stating, "Integrating Inkling's technologies with
Echo360's strong market presence will immediately establish a
global leader in learning solutions. Under Murad's leadership we
are excited and confident in the continuing growth of Echo360."
Macquarie Capital acted as exclusive financial advisor to
Inkling.
About Echo360
Echo360 is the leading interactive video
learning management, content, engagement, and assessment platform
serving over 2 million learners and instructors at more than 1200
higher education institutions in North
America, Europe, the
Middle East, and Asia
Pacific. Built for the cloud and grounded in principles of
learning equity, evidence, and engagement, instructors and learners
around the world can use the platform from wherever they are, on
any device, to create, record, and consume content, give and
receive feedback, and gain real-time insights along their inspired
learning journey. www.echo360.com.
CONTACT INFORMATION:
Jeff Peterson
Echo360
612.859.0488
377275@email4pr.com
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SOURCE Echo360