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Saba Software Closes Acquisition of Lumesse, Bolstering Position in Talent Development
Thursday 08 November 2018

8 November 2018 - California, US-based talent development solutions provider Saba Software Inc. has closed the acquisition of UK-based talent acquisition, talent management and learning experience technology provider Lumesse, the company said.

Saba Software Inc. is a portfolio company of Vector Capital.

Terms of the transaction were not disclosed.

The addition of Lumesse to the Saba family brings together expertise across talent acquisition, talent development, and talent management.

Saba's acquisition of Lumesse extends Saba's leadership position in HCM. The acquisition will fast-track Saba's European growth strategy with enhanced local support and expertise, by leveraging Lumesse's customer base, in-region personnel and regional public and private cloud expertise.

Lumesse provides talent solutions to hundreds of organisations in over 70 countries.

Vector Capital is a global private equity firm specialising in transformational investments in established technology businesses.

With USD 4bn of capital under management, Vector identifies and pursues these investments in both the private and public markets.
Details
Date Published: 08/11/2018
Target: Lumesse
Country: USA
Sector: Computer Software
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: Saba Software Inc
Comment:
Terms of the deal were not disclosed

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