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Management Acquires KeyStone Learning And Global Learning Systems
Frederick, MD. – May 9, 2006 – Management, along with its new financial and investment partners, has finalized agreements to acquire KeyStone Learning Systems Corporation and Global Learning Systems Inc.
The management team’s acquisition of the two companies from existing creditors resulted in the formation of a new parent company, Bancroft Technology Group, Inc. Bancroft will continue operations of these two well known companies in the training industry as separate LLC business units under names familiar to their customers and clients: KeyStone Learning Systems LLC (KLS) and Global Learning Systems LLC (GLS). Customers and clients will experience a seamless transition under the new operating units as infrastructure such as web-sites, URLs, ecommerce and corporate branding will remain in place. Each operating unit has retained its current staff and will continue to focus and build on the quality and service KLS and GLS have long been known for.
“Thanks to our loyal customer-base, financial partners and employees whose commitment and support have made this acquisition possible, both KeyStone and Global Learning Systems are well positioned to take advantage of the expanding government, corporate and academic learning markets over the next 12-24 months,” said Larry Cates, President and CEO. “With the growth of our current customer base and streamlined operations, I believe we are on the right track to successfully execute our business plan,” said Cates.
About Global Learning Systems LLC and KeyStone Learning Systems LLC
Located in Frederick, MD, GLS and KLS together offer total performance improvement, enterprise training and elearning solutions to many of the leading Fortune 2000, government and academic institutions.
KeyStone Learning Systems LLC is a leading provider of IT learning solutions for organizations and individual professionals seeking comprehensive training in desktop, developer and certification skills. The “KeyStone” brand has been recognized as an industry leader for its video-based instructor-led format for the past fourteen years. KLS produces and distributes video-based training courses in web, network server, CD-ROM and DVD formats, and continues to provide new offerings through its partnerships, new products and through its Desktop Learning Library (DLL) and Enterprise Learning Library (ELL) solutions.
Global Learning Systems LLC is an enterprise training solutions provider, with over twenty years of experience offering training outsourcing and support, custom development, and IT solutions that help large organizations meet their business challenges through integrated learning and technology solutions. The company is widely recognized for its scenario and simulation based training solutions in quality (lean/6sigma), human resources, sales and product training, security and first responder training. Additional information is available at http://www.globallearningsystems.com.
About Global Learning Systems LLC
Global Learning Systems LLC (GLS) is an enterprise training solutions provider, with over twenty years of experience offering training outsourcing and support, custom development and IT solutions that help large organizations develop their human capital resources and meet their business challenges through integrated learning and technology solutions. The company is widely recognized for its scenario and simulation based training solutions in quality (lean/6sigma), computer security awareness training (CSAT), human resources, sales and product training, security and first responder training.
GLS and its sister company KeyStone Learning Systems LLC (KeyStone) are a team comprised of award-winning multi-media e-learning and development professionals that have worked directly with the worlds largest organizations to address organizational performance goals and requirements. KeyStone and GLS together offer total performance improvement, enterprise training and elearning solutions to many of the leading Fortune 2000, government and academic institutions. The GLS and KeyStone brands have set the standard by which training has been measured in the industry for over 20 years.
About KeyStone Learning Systems LLC
KeyStone is a leading provider of IT learning solutions for professionals seeking comprehensive training in desktop, developer, and certification skills. Its instructor-led, video-based format has been recognized as an industry leader for the past 15 years. KeyStone produces and distributes training courses in video, web, and DVD-ROM formats, and continues to provide new solutions through partnerships, new product releases, and through its Desktop Learning Library (DLL) and Enterprise Learning Library™ (ELL).
