Carlyle Cardinal Ireland (CCI) has invested in Learning Pool, a Derry, Northern Ireland-based e-learning company.
The financial terms of the investment were not disclosed.
CCI, the private-equity fund established by The Carlyle Group (NASDAQ: CG) and Cardinal Capital Group to undertake investments on the island of Ireland, will partner with existing management and staff to help the company grow, to build out the team and develop new products to serve existing customers and attract new ones. In conjunction with the funding, Jonathan Cosgrave and John Dolan from CCI will join the board of directors of Learning Pool.
Founded in 2006 by CEO Paul McElvaney, Learning Pool delivers online learning solutions to organizations in the UK, Ireland and internationally. The company, which now employs 80 people, provides a hosted online-learning management system that allows training to be published, tracked and reported, and a library of online content catalogs that can be tailored to individual customer training requirements.
Clients include Government bodies, public sector organizations and mid-to-large corporates operating across the hospitality, healthcare and public sectors. Customers include the NHS; Amway; Jury’s Inn; Somerset County Council; the UK Houses of Parliament, Capita, British Sugar, St James Hospital (Dublin), the Nursing and Midwifery Council (UK), and the Royal College of Pediatrics and Child Health.