Cylix, the Bath-based eLearning software firm, has been acquired by the UK’s leading provider of business critical services and software that assure safety and regulatory compliance.
London-based Marlowe said the move would offer “attractive synergies” with Deltanet, the compliance & safety eLearning platform it snapped up recently under its buy-and-build strategy.
Cylix, which is based on Henry St, was set up in 2002 and provides accredited equality, diversity, wellbeing and health & safety eLearning courses to hundreds of UK organisations across all sectors.
It’s aim is to deliver eLearning that is both highly effective and highly cost-effective by exploiting the full range of opportunities offered by the eLearning medium, and applying rapid development processes to the projects it undertakes.
The firm generated an operating profit of £300,000 on revenues of £1m in the year ended January 31. Net assets on that day were £500,000.
The acquisition, which Marlowe said had an enterprise value of £1m, will be funded from the firm’s existing cash resources.
Marlowe was set up to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services.
It is focused on health & safety, compliance software, employment law & HR compliance, fire safety, security, water treatment & air hygiene and occupational health services – all of which are vital to the wellbeing of its customers operations and are invariably governed by regulation.
It currently provides services to more than 15% of Britain's commercial premises. Its customers operate high streets and leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.
