Fender steps down after Bolt sale
Director moves aside as online learning business acquisition is completed
Bolt Learning Director Tom Fender has stood down from his position after the business was acquired by private equity firm, Aliter Capital.
Fender helped to launch Bolt in 2014 and has enjoyed considerable growth in the past five years as it has established itself as the go-to online learning providing for several businesses within the wholesale and retail sector.
That growth across more than 20 nations across the globe attracted plenty of attention, ranking in eighth out of 360 platforms around the world and delivering on its ambitions to disrupt the current online learning market.
And after entering negotiations with Aliter Capital, Bolt’s shareholders accepted an offer of investment – leading to Fender stepping aside from his day-to-day responsibilities, although he will remain as a shareholder.
“I’ve loved being part of the successful launch and growth of Bolt in the past few years and I wish everyone the very best of luck and success for the future,” said Fender.
Aliter Capital is expected to take Bolt on to the next stage of its development, with all of of Bolt’s shareholders remaining of equity shareholders.
“We’re excited to be investing in Bolt Learning and look forward to working with the management team to support future growth and success,” said Billy Allan.
“We’d also like to thank Tom for his contribution to Bolt’s achievements to date.”