LOS ANGELES and LONDON, October 23, 2025 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has acquired Elucidat Ltd. (“Elucidat” or the “Company”), an innovative cloud-based authoring platform trusted by leading global brands. The move brings together two quality platforms to create a unified, enhanced learning ecosystem, combining Learning Pool’s strength in analytics and platform capabilities with Elucidat’s innovation in scalable content creation and AI-powered authoring.

This expansion follows Learning Pool’s recent acquisition of WorkRamp, a next-generation Learning Management System (“LMS”) designed for mid-market and extended enterprise use cases. The combined strategic investment in Elucidat's authoring platform and WorkRamp's agile LMS significantly expands Learning Pool's capabilities and bolsters its ability to deliver comprehensive, flexible, and scalable learning solutions for a broader range of customers across industries and geographies.

Founded in 2013, Elucidat has built a reputation for helping large-scale learning teams quickly create, manage, and distribute high-quality digital learning. Its platform offers powerful support for collaboration, automation, and AI-assisted content development. The acquisition strengthens Learning Pool’s product ecosystem and advances its ability to deliver smarter, faster, and more flexible learning solutions for its global customer base.

“This is an exciting moment for Learning Pool,” said Benoit de la Tour, Chief Executive Officer of Learning Pool. “The acquisitions of both WorkRamp and now Elucidat mark significant milestones in our growth journey. Elucidat’s strong product vision and innovation in AI-supported authoring aligns perfectly with our mission to simplify learning at scale. Together, our vision is to deliver an industry-leading experience for end-to-end learning design and delivery.”

Elucidat’s platform will play a key role in supporting Learning Pool’s broader learning suite, including its Learning Experience Platform (LXP), off-the-shelf content library, highly flexible and scalable custom content, and data and insights tools. The end goal will be a more seamless and scalable learning journey for customers. Steve Penfold, Chief Executive Officer of Elucidat, said, “By joining Learning Pool, we’re able to expand Elucidat’s reach and amplify our impact. With a shared customer-first ethos and strong product synergy, we’re excited to help organizations create even better learning experiences, faster and at greater scale.”

“We’re excited about the continued momentum across the Learning Pool platform following the recent acquisition of WorkRamp. The addition of Elucidat represents a highly strategic expansion of Learning Pool’s capabilities, bringing advanced, enterprise-grade authoring solutions into our existing learning ecosystem,” said Chris Clasper, a principal at Marlin.

About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with nearly $10 billion in capital commitments specializing in the software, technology and services sectors. Marlin’s mission is to partner with exceptional management teams to drive scale and enhance long-term value in businesses through its deep domain expertise, extensive network and operational transformations focused on product innovation, go-to-market enhancements, and strategic M&A. Founded in 2005, Marlin has completed over 260 acquisitions. The firm is headquartered in Los Angeles, California, with an additional office in London. For more information, please visit www.marlinequity.com.

About Learning Pool
Learning Pool is a global learning technology company that transforms workforce performance with smart, data-driven digital learning experiences. Its integrated suite helps organizations onboard, upskill, and stay compliant, driving measurable outcomes for employees and the business. Trusted by global brands including AXA, Compass Group, Amway, Sky, and InterContinental Hotels Group (IHG), Learning Pool delivers results at scale through its award-winning platforms, content, and customer support. Founded in 2006 and headquartered in Derry, Northern Ireland, Learning Pool has offices across the U.K. and North America and employs over 340 people worldwide. For more information, please visit www.learningpool.com.

Contact:
Peter Spasov
(310) 364-0100
pspasov@marlinequity.com