Frederick, MD. (PRWEB) May 18, 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 that 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.