Kirkland Reps Vista Equity In SumTotal Sale To Skillsoft
Law360, New York (August 21, 2014, 4:57 PM EDT) -- Private equity firm Vista Equity Partners on Thursday agreed to sell Florida-based SumTotal Systems LLC to PE-backed education software provider Skillsoft Limited for an undisclosed amount.
The deal, which is intended to expand Skillsoft’s solution portfolio and global reach, is backed by Skillsoft’s private equity owner Charterhouse Capital Partners LLP.
“We’re very excited about the opportunity to bring together the experience and strengths of two proven leaders in the cloud-based HR solutions market," Chuck Moran, Skillsoft’s chief executive, said in a statement. “The integration of these complementary products — Skillsoft’s technology-delivered learning assets and SumTotal’s solutions for learning, talent and workforce...
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