Harris Williams Advises Learn on Demand Systems on its Investment from Shamrock Capital

March 23, 2021

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Learn on Demand Systems on its investment from Shamrock Capital (Shamrock). The transaction was led by Derek Lewis and Bryce Walker of the Harris Williams Business Services Group and Andy Leed of the firm’s Technology Group.

Learn on Demand Systems is a leading provider of cloud-based virtual lab environments, content, and tools that enable organizations to create and deliver hands-on learning experiences for various use cases, including IT and cybersecurity training, sales enablement and demos, and customer support, among others. Learn on Demand Systems was founded by its CEO, Corey Hynes, and recently received an investment from Quad Partners.

“Learn on Demand Systems is a trusted and vital partner to its clients, and its diverse suite of solutions provides engaging labs, workshops and courses to companies looking to accelerate technology learning throughout their organizations,” said Derek Lewis, a managing director at Harris Williams. “It was a pleasure working with the team at Learn on Demand Systems, and we are excited to see what the company accomplishes in partnership with Shamrock.”

“We continue to see significant investment activity across the broader education technology sector, specifically in IT and cybersecurity training, where a growing digital skills gap is creating a major drag on productivity across all industries. Best-in-class companies, like Learn on Demand Systems, will continue to command strong market interest despite uncertain economic conditions,” added Andy Leed, a director at Harris Williams.

Learn on Demand Systems, an Inc. 5000 company, empowers organizations to accelerate technology learning through hands-on experience and skills validation. Its platforms enable organizations of all sizes, including industry leaders Microsoft, AWS, Veritas, Global Knowledge, New Horizons, and Pearson VUE, to deliver hands-on challenge-based learning, learning management, performance-based testing, and badging solutions to customers, partners, and employees. Their innovative challenge labs are paving the way for the broad adoption of performance-based testing across the IT training and certification industry.

Quad Partners is a private equity firm committed to creating long-term value by investing in and building high-quality education companies. Founded in 2000, Quad Partners has managed approximately $800 million over its history. Since its inception, Quad Partners has invested in more than 60 education companies, either as platforms or add-on acquisitions.

Shamrock is a Los Angeles-based investment firm with approximately $3.5 billion of assets under management, investing exclusively in the media, entertainment and communications sectors. Shamrock was originally founded in 1978 as the family investment company for the late Roy E. Disney and has since evolved into an institutional money manager with a leading group of investors including endowment and pension funds. Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. In addition to its diverse portfolio of Entertainment IP, Shamrock’s current investments include Ad Results Media, Adweek, Appetize, Bayard Advertising, Branded Cities, Canopy Spectrum, DeCurtis, Excel Sports Management, Iyuno Media Group, Maple Media, Mobilitie, Omega Wireless, Pixellot and Wpromote.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across industry groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams Business Services Group has experience advising companies that provide a range of commercial, industrial and professional services. For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams website.

The Harris Williams Technology Group advises leading private and public companies, founders, and private equity, growth equity and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The Technology Group has deep domain expertise in software and technology-enabled services and dedicated focus areas across a variety of vertical software applications and end markets. For more information on the Technology Group and its recent transactions, visit the Technology Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.