Bellevue-based Knowledge Anywhere Acquires Warehouse Intellect

BELLEVUE, Wash., March 2, 2009 - Knowledge Anywhere, a supplier of technology-based support systems and e-learning solutions today announced it has acquired Warehouse Intellect, a provider of corporate e-learning solutions for brand name companies such as Best Buy, General Electric, Ameriprise Financial, Xcel Energy and Denny’s. Terms of the transaction were not disclosed.
 
Minneapolis-based Warehouse Intellect is a strategic addition to Knowledge Anywhere’s corporate e-learning business and is expected to add to its bottom line shortly after the transaction close. Warehouse Intellect’s offerings provide enterprise customers with award-winning e-learning solutions including custom content and hosting services as well as employee training and learning management.
 
“We have been extremely impressed with Warehouse Intellect’s solid business and impressive customer base,” said Dean Frerker, chief operating and financial officer for Knowledge Anywhere. “Their passion, creativity and commitment to delivering superior e-learning solutions are complimentary to Knowledge Anywhere and we believe this will greatly enhance our business.”
 
With this acquisition, Warehouse Intellect will be branded under the Knowledge Anywhere name. All employees will be retained and Knowledge Anywhere will gain an office in the Midwest.
 
“Combining both organizations will give us a national presence and retain the strong foundation Warehouse Intellect has built in the Midwest,” said Mark Lange, general manager of operations in the Minneapolis office. “This strategic advantage will prove extremely valuable as we grow and continue to help our clients achieve their business goals.”
 
E-learning solutions allow companies to save training costs, increase baseline knowledge, reduce travel expenses and extend their reach. The corporate e-learning segment has grown tremendously in recent years and industry analysts expect this trend to continue, according to the E-Learning Council. The current recession will be a catalyst for growth in some areas as organizations look to reduce training costs and turn to e-learning as a more cost-effective and efficient way to train employees.
 
“This announcement reflects the rapid industry trend towards consolidation,” says Jon Merriman, CEO at Merriman Curhan Ford Group, Inc. “With a Midwest office and more people talent, Knowledge Anywhere is well poised to meet the growing need from its enterprise customers for compelling and relevant training programs.”
 
About Knowledge Anywhere
Founded in 1998, Knowledge Anywhere, Inc (www.knowledgeanywhere.com) is an award-winning company that specializes in building technology-based performance support systems and e-learning solutions that provide tangible results. Their clients use these solutions to facilitate the delivery of proprietary knowledge, employee instruction and product training to dispersed audiences via the Web. Headquartered in Bellevue, Wash., Knowledge Anywhere’s clients include Microsoft, Starbucks, Kenworth, Siemens, Hewlett Packard and other leading global corporations.