Friday
Oct312003
262 - Fidelity Investments Buys TEDS: LMS Consolidation Continues
October 31, 2003
To: TRENDS Readers
FROM: Elliott Masie, The MASIE Center http://www.masie.com
1. Fidelity Investments Buys TEDS, LMS Consolidation Continues: Another point of consolidation is hitting the LMS and Learning Marketplace. This afternoon:
“Fidelity’s focus is to drive HR effectiveness through an integrated portfolio of HR solutions. This acquisition would allow us to deliver learning and training administration services that are integrated with our existing portfolio,” said Teresa Hassara, executive vice president of Fidelity Employer Services Company’s HR/Payroll Services. “As the learning segment continues to evolve rapidly, we were very deliberate in our acquisition choice and we believe TEDS would accelerate the expansion of our learning and training administration capabilities.”
It is interesting to see a player like Fidelity get into this marketplace and focusing on the full range of sourcing learning management and HR services. This announcement comes soon after the Docent - Click2Learn merger news. In fact, watch for at least one more big announcement in this segment in the next 8 weeks. See http://www.teds.com
2. TechLearn 2003 Kicks off on Sunday Night! There is still time to decide to come down to Orlando and join me and your colleagues for this year's TechLearn. Walk in registrations are accepted. Go to www.techlearn.com for information.
FROM: Elliott Masie, The MASIE Center http://www.masie.com
1. Fidelity Investments Buys TEDS, LMS Consolidation Continues: Another point of consolidation is hitting the LMS and Learning Marketplace. This afternoon:
“Fidelity’s focus is to drive HR effectiveness through an integrated portfolio of HR solutions. This acquisition would allow us to deliver learning and training administration services that are integrated with our existing portfolio,” said Teresa Hassara, executive vice president of Fidelity Employer Services Company’s HR/Payroll Services. “As the learning segment continues to evolve rapidly, we were very deliberate in our acquisition choice and we believe TEDS would accelerate the expansion of our learning and training administration capabilities.”
It is interesting to see a player like Fidelity get into this marketplace and focusing on the full range of sourcing learning management and HR services. This announcement comes soon after the Docent - Click2Learn merger news. In fact, watch for at least one more big announcement in this segment in the next 8 weeks. See http://www.teds.com
2. TechLearn 2003 Kicks off on Sunday Night! There is still time to decide to come down to Orlando and join me and your colleagues for this year's TechLearn. Walk in registrations are accepted. Go to www.techlearn.com for information.
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