ABERDEEN-based digital learning specialists Mintra has signalled strong intent for further growth with the appointment of Valentinos Steliou to the newly created role of head of acquisitions.
The appointment sees Mr Steliou, who is also managing director of Mintra’s operations in Cyprus, join the company’s senior management team. His role will be focused on target identification, proposition evaluation, deal completion and integration.
Mintra launched its initial public offering in October 2020 and at that time outlined its strategy to accelerate further growth – particularly within new industries and geographic sectors – through a programme of M&A.
It bought the maritime competence management specialist Safebridge in February this year, doubling the size of its sector-specific technical and competence eLearning titles and growing the system user base to over 2 million worldwide. It intends to add at least one further company to its portfolio by the end of 2021.
Scott Kerr, Mintra chief executive officer, said: “Our acquisitions of OCS HR in 2016, Atlas Knowledge in 2018 and Safebridge in 2021 illustrate our ambitions of becoming the preeminent provider of digital learning and HCM software to safety-critical industries the world over.
“However, growth is not always about physical scale. It is vitally important that our acquisition targets add real value to our customers and meet our aim of creating competent and compliant workforces in industries where safety is critical to life, assets and the environment.
“In appointing Valentinos to this role we are signalling our very clear intent to deliver on our ambitious five-year growth plan, moving into new industries and new geographic territories, and utilising new technologies.”
Mr Steliou previously held the post of product manager at Safebridge.
He said: “I share Mintra’s view that acquisitions should not be undertaken with the sole aim of growing the company. Our focus will be to find the right type of business to join the Mintra family: we want to provide value to our customers and the industries we serve while bringing their biggest asset – their workforce – further into the digital era.
“It is essential that we collaborate with companies that demonstrate synergies with Mintra and that share our passion for innovative solution-based products, ultimately enhancing our customer offering across all segments.”