Platinum Technology buys US IT training company
by Caroline Gabriel
Acquisitive software company Platinum Technology has bought a US IT training outfit, Mastering, in a $139 million stock swap.
Platinum, which has bought other IT training specialists in Europe in the past year in a bid to boost its services operations, will merge Mastering into its education and consulting division.
Mastering, based in Arizona, offers training in NT, Windows 95 and Internet technologies and also provides certification schemes.
Platinum president John Shackleton said that, although the company offers database, applications development and system management training, it had increasingly noted the skills shortage in Microsoft software and sought to plug that gap in its range.
The new subsidiary was previously part of Eagle River Interactive, which sold off all its non-IT training activities last August and renamed itself Mastering.
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