It's the first acquisition since NEOGOV received investment money from a private equity firm last year.
NEOGOV, which makes talent management and human resources software for the public sector, has acquired a Denver-based online workforce training company.
The acquisition of FirstNet Learning is NEOGOV’s first such deal since it received investment money from the private equity firm Warburg Pincus in October 2016. The move will give NEOGOV access to FirstNet Learning’s online course catalog, which covers topics ranging from health and safety to cybersecurity.
“Our mission is to use technology to help clients increase knowledge, change behavior, reduce risk, prevent injuries, and save lives. Of course, that begins with attracting, retaining, and nurturing the best employees which is why we are excited to integrate our learning management solutions with NEOGOV’s customer-focused suite of talent management software,” FirstNet Learning President Roy Burger said in a statement.
It will also give El Segundo, Calif.-based NEOGOV an in with a lot of customers — FirstNet Learning claims on its website that it has served more than 14,000 municipalities. The company also serves the higher education market.
Both companies were founded in 1999.
NEOGOV’s software already involved a performance component, where managers could identify employees’ “skill gaps” and track their progress toward competency in those areas.
The companies didn’t disclose the terms of the acquisition.