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E-Learning Leader raises £250,000 from The Capital Fund


Absolutely Training Ltd, a leading provider of regulatory e-learning solutions to the investment and retail banking market, has raised £250,000 from The Capital Fund, a £50 million venture capital fund which backs fast-growing, small and medium-sized enterprises in Greater London. Absolutely Training will channel the finance into new personnel, technology and marketing initiatives to expand its innovative training solutions into additional sectors, such as HR and the legal profession.

With the cash injection, Absolutely Training can maintain the rapid growth levels of the past five years while managing the smooth upgrade of its market leading, patent protected e-learning technology systems.

Established in 2000 by a team of experienced financial trainers and senior City professionals with backgrounds in HR management and compliance, Absolutely Training now boasts a 200-strong client base of predominantly large financial services organisations such as Barclays Capital, Pink Homeloans, VW Financial Services and Norwich and Peterborough Building Society. At the last count, the Company numbered 35% of the UK’s top lenders and 44% of the UK’s building societies as registered customers.

Absolutely Training currently serves financial services firms working under the Financial Services Authority (FSA) regulatory regime. Absolutely Training seeks to ensure competency is met, money is saved and administration is kept to a minimum.

Paul Fegan, Founder & Managing Director of Absolutely Training, said:
“Our approach is based on delivering quality training to students, as well as meeting the specific compliance needs of different businesses. Our e-learning courses save our customers money while allowing employees to learn at their own pace and convenience with a level of personalised feedback that is just not available via traditional training methods, such as powerpoint presentations. The courses are fully interactive, with the content designed to test and engage students, as this ensures much higher retention levels.

Whilst being fully consistent in meeting the FSA’s training regulations for practices such as money laundering and insurance and mortgage sales, our technology allows firms to opt for “customised compliance” to maintain their organisational look and feel using a patented “question generation” software. Once staff have passed exams, the reports can be easily shared around the business and, crucially, with the regulator.

We now plan to enhance our existing offering, and to expand our tried and tested
e-learning training solutions into other areas, such as continuing professional development training for the legal profession and training for HR professionals.”

Mr Fegan commented on The Capital Fund:
“The Capital Fund has substantial experience of dealing with SMEs, and this was reflected in their approach throughout the fundraising process. The Fund’s Investment Manager was professional and efficient and its due diligence requirements were appropriate for a firm of our size. We are grateful to the Fund for supplying the funding we need to expand our business.”

The Capital Fund’s Investment Manager, Stuart Nicol, said:
“Absolutely Training has developed into a significant player in online training solutions with its distinctive offering that is tailored to meet individual client requirements. Its bespoke products are flexible, easy to use and cost-effective and it enjoys the support of many satisfied clients. Absolutely Training is well-placed to expand into other sectors and we wish Paul Fegan every success with his future plans.”

PHOTO AVAILABLE ON REQUEST
Stuart Nicol, Investment Manager at The Capital Fund, congratulates Paul Fegan, Founder & Managing Director of Absolutely Training, a leading provider of
e-learning training solutions.

PRESS RELEASE ENDS
NOTES FOR EDITORS
1. THE CAPITAL FUND
Press enquiries to Margaret Henry, PR Manager.
Tel: +44 (0) 1865 811127 Emai


Publisher Contact Information:

The Capital Fund
+44 (0)1865 811127
m.henry@oxin.co.uk

Company profile of The Capital Fund
Past press releases of The Capital Fund.

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