Benchmark International Successfully Facilitated a Transaction Between CoreAxis, LLC and eLearning Brothers

Benchmark International has successfully facilitated a transaction between CoreAxis, LLC, and eLearning Brothers.

CoreAxis is a creative training design, development, and on-demand learning resource provider that develops quality custom eLearning content across all modalities, including microlearning, mobile learning, VR, AR, and gamification. The capabilities range from building blended learning and leadership experiences to scalable custom content development and staff augmentation. CoreAxis provides corporate training services, Staff Augmentation solutions, custom blended learning and leadership development experiences, and scalable, mobile custom content development. With a 98% client retention rate, CoreAxis demonstrates a proven track record for increasing training metrics directly correlated to employee performance, maximized skills, and measurable ROI for the business.

"Since our founding, CoreAxis has been focused on creating impactful learning experiences for our clients through the custom creation of content and our on-demand learning experts," said Mark Zides, founder and CEO. "This acquisition provides a tremendous opportunity for our customers and talented associates to be part of the most exciting growth story in our industry. Adding global resources and a robust learning platform will position our combination for immediate success and long-term growth. My team is energized to embark on this exciting next chapter." ⁽¹⁾

eLearning Brothers offer a complete suite of integrated training development and delivery tools, including the leading authoring tool Lectora® and virtual reality course builder CenarioVR®. eLearning Brothers provides a suite of products and services, including custom learning design and development, learning platforms, and development tools for creating interactive mobile learning, virtual reality, video-based coaching, and gaming learning experiences that rock.

 eLearning Brothers has declared big plans for future growth, and this acquisition followed on the heels of two earlier acquisitions in 2022. In January 2022, eLearning Brothers acquired Rehearsal, a video-based coaching and practice platform, and Origin Learning, an India-based company that provides learning design, development, and technology solutions.

"We are on a mission to be the one-stop for companies that want to create better learning experiences," said Andrew Scivally, CEO of eLearning Brothers. "We are uniquely positioned in the learning industry with creation tools, emerging technology, and learning services all under one roof. By bringing CoreAxis, a world-class, award-winning custom content provider with scalable Staff Augmentation services, into the fold, we can provide an exciting, expanded new capability to our array of learning offerings. CoreAxis works with some of the world's top brands and manages 2,500+ contract instructional designers and developers dedicated to helping clients achieve their goals." ⁽¹⁾

eLearning Brothers is backed by RLG Capital & Trinity Investors. (2) RLG Capital & Trinity Investors continue demonstrating the private equity firm's confidence in eLearning Brothers' vision of a one-stop integrated online platform for the corporate world. As part of that future vision, eLearning Brothers will be rebranding to ELB Learning.

References:

1. (2022) eLearning Brothers Acquires CoreAxis, an Award-Winning Learning Solutions Provider. Business Wire. https://www.businesswire.com/news/home/20220428005019/en/eLearning-Brothers-Acquires-CoreAxis-an-Award-Winning-Learning-Solutions-Provider
2. Brewster, Lucille (2022) eLearning Brothers Acquires CoreAxis. The Middle Market. https://www.themiddlemarket.com/latest-news/elearning-brothers-acquires-coreaxis