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Australia’s leading HR software provider ELMO acquires Techniworks

launchgroup.com.au > Blog > News > Australia’s leading HR software provider ELMO acquires Techniworks
13 Jul

Australia’s leading HR software provider ELMO acquires Techniworks

launch-admin Jul 13, 2017 0 1192
Techniworks e-learning solutions added to ELMO portfolio

Sydney, Australia, 12 October 2016 – ELMO Talent Management Software, Australia and New Zealand’s leading provider of cloud-based human resources (HR) software, has acquired e-learning solutions company Techniworks Action Learning in a multi-million dollar deal which will see annual revenues increase to $18 million in FY17.

The acquisition builds on ELMO’s unified talent management proficiency and will strengthen its ability to deliver end-to-end e-learning to over two million users in 500 organisations across the region. With the consolidation of ELMO and Techniworks, clients can now access the region’s most extensive compliance-based e-learning content library.

Danny Lessem, CEO of ELMO Talent Management Software, said, “We are pleased to welcome Techniworks into the ELMO business. Techniworks has long been a dominant player with a proven track record within all levels of government, tertiary institutions and large corporations. The addition of Techniworks is a key part of ELMO’s ongoing growth strategy. This acquisition will further enable ELMO to deliver essential e-learning capabilities and increase strategic value with clients.”

ELMO’s Software as a Service (SaaS) business has experienced rapid expansion with a year-on-year increase in license revenue between 40%-50% and revenue forecast for FY17 at $18 million. ELMO has managed to maintain this rate of growth as 93% of its revenue is derived from recurrent license fees. In the last five years, ELMO has grown from a staff of 20 to over 100 employees throughout Australia, New Zealand and Singapore.

As the most agile and practical HR solutions provider in the ANZ market, ELMO is delivering tangible benefits and unprecedented expertise to clients by providing software solutions which automate their HR processes. Key components of the ELMO software suite include solutions for automating recruitment, onboarding, learning, performance, succession and leave management. ELMO has exclusive partnerships with the premier HR membership bodies in Australia and New Zealand – Australian Human Resources Institute (AHRI) and Human Resources Institute of New Zealand (HRINZ).

“Bringing ELMO and Techniworks together will create many opportunities for clients and their workforce. Our vision is to continue leading the way in the HR space and Techniworks aligned with our business and philosophy. This acquisition builds on the foundation of the ELMO business and will allow us to develop and expand our reach even further,” added Lessem.

About ELMO Talent Management Software
ELMO provides innovative HR cloud technology to more than 500 organisations across Australia, New Zealand and Singapore. The platform comprises of a unified talent management system that includes solutions for recruitment, onboarding, learning, performance, succession planning and leave management. ELMO is designed to automate and streamline all HR processes, and the implementation process is managed by Australia’s most experienced implementation team. For more information, visit www.elmotalent.com.au.

About Techniworks Action Learning
Partnering with all levels of government (Commonwealth, state and local), tertiary institutions and large corporations, Techniworks is able to provide pre-built e-learning solutions in line with legislation, compliance and training and development needs. Techniworks offers a comprehensive suite of off-the shelf e-learning programs, covering compliance topics such as health & safety, discrimination & harassment, diversity, code of conduct, induction and information management. For more information, visit www.techniworks.com.au.