SAN FRANCISCO & SEATTLE--(BUSINESS WIRE)--Applied Training Systems (ATSI), a leading provider of online software solutions in the HR and people management space, today announced that it has acquired Mindflash, a leading learning management solution. The acquisition complements ATSI’s existing collection of brands, which includes Trakstar, Reviewsnap, and Recruiterbox, and allows ATSI to further its mission of delivering a people management platform that helps find, train, and motivate great employees. The acquisition was financed through an investment by Turn/River Capital, ATSI’s current lead shareholder.
“Talent development is one of many key objectives for our customers today, and Mindflash provides tools that allow for consistent employee development,” said Julie Rieken, CEO of ATSI. “For this reason, Mindflash is a natural fit with our existing offerings that will enable us to guide customers from hire to retire with each of their employees.”
Mindflash deepens the breadth and depth of ATSI’s product functionality and solidifies its position as an industry leader for people management solutions. With the acquisition, ATSI now offers end-to-end talent management, from hiring and job appraisals to employee engagement and promotions. Mindflash bridges the gap between appraisals and engagement with tools that encourage strong performance. Through ongoing training and education, employees efficiently grow with their companies while keeping their skills up-to-date.
ATSI chose to acquire Mindflash based on its leadership in the learning management system (LMS) space. Mindflash developed a web platform for companies to easily share knowledge and train employees, with more than 10 million courses delivered to date. That platform will complement the ATSI brands and will now serve over 5,200 customers on a combined basis.
“I am incredibly excited for Mindflash to join forces with ATSI,” said Mindflash CEO, Bob Casey. “Julie and the team at Applied Training have built an exceptional company that puts customers first, invests in product, and cares about its people. As a part of ATSI, Mindflash will have even more resources to develop industry-leading training software designed to meet our customers’ needs.”
“We enthusiastically support ATSI’s latest acquisition, which fits perfectly with its long-term mission,” said Dominic Ang, Managing Partner at Turn/River Capital, a leading technology growth equity and buyout firm. “Over the last five years, we’ve worked with Julie and her team through multiple acquisitons and love her product-first approach. ATSI now has the most compelling and user-friendly offering of its kind, and we look forward to continuing our partnership moving forward.”
ATSI offers four remarkable, best-of-breed software products: Trakstar, Reviewsnap, Recruiterbox, and Mindflash. Serving customers from hire to retire, organizations can find and recruit the best employees with Recruiterbox, help them set goals and expectations in Trakstar and Reviewsnap, and provide ongoing eLearning opportunities with Mindflash. The company is based in Seattle, Washington. To learn more about ATSI, Mindflash, and the Applied Training product suite, please visit www.trakstar.com, www.recruiterbox.com, www.reviewsnap.com, and www.mindflash.com.
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Turn/River specializes in growth capital investments, founder liquidity, buyouts, spin-outs, recapitalizations of technology, web and SaaS companies. Its strategy is to combine rigorous, iterative marketing, sales and operational execution with flexible capital to help companies double or triple their growth and build value for everyone. Turn/River Capital is headquartered in San Francisco. For more information, visit www.turnriver.com or follow us on Twitter and LinkedIn.