Fidelity Investments Looks To Acquire TEDS
TEDS,
Oct 31, 2003
Another merger in the e-learning space as Fidelity Investments acquires TEDS, an LMS company. Or at least, they've signed a memorandum of agreement to do so (and the celebration is set for Monday). E-Learning Guru's Kevin Kruse says this merger is even bigger than Docent-Click2Learn. He writes, "An acquisition of an LMS/e-recruiting/training company by an HR benefits outsourcer takes some executive vision and courage." The Docent-Click2Learn merger, meanwhile, has attracted a lot of press, most of it collected in a report from Jay Cross, including a petty and spiteful response from Saba which just savages the accord ("like a white tiger pouncing on an aging Las Vegas entertainer," according to Cross).
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