SilkRoad technology Acquires Enterprise Learning Management Company

SilkRoad technology has acquired VTN Technologies, Inc., the software-based training firm known for its Olé Online Learning Environment. VTN's Olé is a Web-based learning environment with more than 400,000 subscribed users across organizations including DirecTV and Rockwell Collins. Olé reduces training costs by automating learning development and management processes. The online learning environment product will be integrated into SilkRoad's Life Suite under the new brand name GreenLight. SilkRoad has invested extensively in internal product development, expanded its worldwide direct sales footprint by opening offices in Singapore and Sydney in September, and has now made a strategic acquisition to accelerate the extension of its product line. Following the close of the transaction, VTN's senior management team will take up positions with SilkRoad, and the company will maintain offices in VTN's Edmonton, Alberta, base of operations. http://www.silkroad.com