Digital Learning Specialist Reports Strong Growth Following Investment in the Business

LDC-backed Omniplex Learning (Omniplex) has increased revenue by nearly a fifth and EBITDA by a quarter, as the digital learning provider forecasts continued strong growth on the back of expanded product suites, investment in people and processes, and demand for AI-supported learning tools.

The business empowers organisations worldwide, including two thirds of the UK’s FTSE 100, to design, create and deliver effective and engaging digital learning, while also adding value through its professional services. It is the official UK partner of world-leading software providers Articulate, Docebo and Vyond.

In the period to 30 June 2024, Omniplex’s revenue rose 18% year-on-year to £24m (FY23: £20.4m) – with 83% of revenue recurring in nature. EBITDA also rose by 25% to £5m (FY23: £4m).

The business’ performance was driven by investment in its people, systems and infrastructure, which has enabled it to deepen customer relationships and offer a broader range of products to help customers achieve their learning outcomes. As a result, average spend for long-standing customers has increased 200% over the last two years.

Growth has also been supported by continued expansion of Omniplex’s customer base – which now sits at more than 4,000 globally – and the acquisition of cyber security training provider Matobo in June 2024. The acquisition, the third since the business received investment from LDC in 2021, expanded Omniplex’s product suite with in-demand specialist cyber security content.

The business expects revenue and EBITDA to grow even further by 20% and 25% respectively for the current financial year (ending 30 June 2025), as it continues to benefit from its investment in people and processes, and rapidly rising demand for AI-supported learning tools. Already, over one in ten of the company’s customers are using some form of AI-supported product from the business.

Patrick Jocelyn, CEO at Omniplex, said: “These results reflect the hard work of our team and our strategic investments in the business. Over the past few years, we’ve more than tripled our headcount, bringing new skills and experience into the team, and deepened our product suite, supported by complementary acquisitions. We’ve also evolved how we’re engaging with the market – successfully cementing ourselves as an end-to-end partner for clients’ learning needs. Together, this has increased customer volume, deal size and generated strong volumes of repeat projects, on top of our already-high levels of recurring revenue.