Further Growth

Sponge Group Acquires Idox Compliance

Plymouth (UK), March 2021 - The Sponge Group is delighted to announce its acquisition of Idox Compliance, one of Europe's leading providers of compliance eLearning solutions. With Idox Compliance’s offices in Berlin and Brussels, Sponge Group will now have an operating presence in the EU, enabling further growth and strengthening its library of ready-to-go compliance related content.

Idox Compliance employs 50 team members and serves over 100 clients, which include international blue chip companies, public and private organisations, corporations, and SMEs across broad industry sectors in Germany, Austria, Switzerland, and the rest of Europe.

Their portfolio of over 150 modules, in multiple languages, is focused on the provision of current and reliable compliance training, engaging a variety of eLearning formats that can be used off the shelf or specifically tailored. In addition, Idox Compliance supports its clients through consulting services on risk analysis, code of conduct, and compliance culture.

Michael Kayser, Managing Director of Idox Compliance said, "We are looking forward to joining an emerging leader in the eLearning space and being a key part of their strategy for growth. We are excited at the prospect of being able to offer a broader range of digital learning solutions to our existing customers."

Billy Allan, Chairman of Sponge and Managing Partner of Aliter said, "We are delighted to complete the acquisition of Idox Compliance, which we see as highly complementary to our business. It will greatly strengthen our existing content library as well as grow our footprint internationally. I look forward to working with Michael and his team."

This is the fourth investment in learning technologies by Aliter Capital in the last two years, adding to Sponge, Bolt Learning, and Skill Pill, with the aim of creating a major new force in the growing digital learning market.

Idox Compliance is a fantastic addition to the Sponge Group, complementing and strengthening its current service offering and enabling the new partners to deliver greater value to their clients and other collaborators.