Our latest Corporate Learning Factbook research has just been published. The study shows that 2009 was another tough year for U. S. training organizations, which cut their L&D spending by 11%, on average. Following the 11% decline we saw in 2008, that's a drop of 21% in L&D spending since 2007.
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Last week Bedford Funding announced its acquisition of Peopleclick and the immediate combination of Peopleclick with existing portfolio company Authoria, creating a combined talent management systems company with more than 2,000 customers and $100 Million in revenue. The combined company (named Peopleclick Authoria) is now a significant player in the talent management systems market. History and Analysis of this Merger. Authoria is one of the pioneers in the talent management market, with a strong solution for integrated benefits communication, performance and succession management, compensation, and talent acquisition. Founded in 1997 with a focus on building a platform for integrated benefits communication (helping employees view all their benefits and retirement information), the company learned how to build compelling HR portals and integrate data from many back-end applications.
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