Local elearning company acquired for £4.75m
By Rosie Sherry • Jun 23rd, 2008 • Category: BusinessThe leading elearning company in Brighton and the UK has been acquired for £4.75 million in cash. Epic, based in the heart of Brighton, was sold to Andrew Brode, a private investor.
He has been involved with a number of training businesses as Chairman of Financial Training and Key Training in the 1980’s. In the 1990’s he was Chairman of the City of London Business Link and on the board of Focus Central London.
A chartered accountant by profession, Andrew has developed and managed major companies including Croner, Wolters Kluwer (UK) and IRS Eclipse. Today he is executive Chairman and the major shareholder in RWS Holdings plc, Europe’s leading provider of intellectual property support services which he floated on AIM in 2003.
Epic will add significant value to Andrew’s portfolio of private investments which include a leading digital marketing business, an insurance industry data provider and a B2B investment publisher.
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Good for Epic - also goes to show you can code a whole site in tables and still strike it rich.