Omniplex denies Stock Exchange flotation speculation

Although reporting record turnover – and profits – in the quarter to the end of 2010, the e-learning solutions provider, Omniplex, is strenuously denying rumours that it is preparing to float on the London Stock Exchange.

Omniplex, established 20 years ago, has revealed that its sales in the quarter to the end of December 2010 were nearly double those of its previous best similar quarter. Among the deals which Omniplex completed in the most recent quarter’s trading were the sale of a learning management system (LMS) to a major publisher in the United States of America and the sale of an email-based learning reinforcement tool to a Europe-based world player in the communications industry.

In July last year, Ominplex announced results for 2009/10 that revealed its annual revenue had risen by 35 per cent in that year.

“Despite difficult trading conditions generally and within the corporate e-learning sector in particular, Omniplex continues to make impressive progress,” said Omniplex’s managing director, Matthew Lloyd, who was one of the invited delegates at the European e-learning Summit for Europe’s top e-learning specialists, held in Sheffield recently.

In the last 12 months, Omniplex has tripled the number of LMS implementations it has completed for its clients. Lloyd attributes this, in part, to Omniplex expanding its operations by opening a North America office, to service the US and Canadian markets.

“However, the main reason for our continuing impressive performance is that we have built a portfolio of exceptional products,” Lloyd commented.

Omniplex’s e-learning solutions address the full value-chain of technology-based learning, including LMSs, authoring tools and services, along with innovative solutions for learning re-enforcement. They include the Articulate rapid authoring tool; the Absorb LMS; Cameo, a web-based tool which uses ‘push technology’ to provide automated, scheduled, learning re-enforcement via email, and Bloomfire, a contemporary social media tool which provides a way to share knowledge within an organisation or group.

“We believe that every product in our portfolio should bring great learning and development benefits for its users and their organisations – and our results seem to bear this out,” Lloyd added.

“Nonetheless, despite some speculation among commentators and analysts, we have absolutely no plans to ‘go public’ and invite City institutions to invest in our success.

“Importantly, we’re focusing on – and committed to – providing our clients with the very best e-learning products and high quality customer care,” he said. “That we are being successful in this is being borne out by our growing reputation, turnover and, arguably, profitability.”

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