{"id":40707,"date":"2022-11-24T21:30:22","date_gmt":"2022-11-24T21:30:22","guid":{"rendered":"https:\/\/staging.totara.fortyapp.com\/articles\/five-v-purchases-totara-ownership-interest-setting-the-stage-for-totaras-expansion-into-global\/"},"modified":"2024-08-29T06:51:33","modified_gmt":"2024-08-29T06:51:33","slug":"five-v-purchases-totara-ownership-interest-setting-the-stage-for-totaras-expansion-into-global","status":"publish","type":"article","link":"https:\/\/staging.totara.fortyapp.com\/us\/articles\/five-v-purchases-totara-ownership-interest-setting-the-stage-for-totaras-expansion-into-global\/","title":{"rendered":"Five V purchases Totara ownership interest, setting the stage for Totara\u2019s expansion into global HR technology market with Totara Talent Experience Platform"},"content":{"rendered":"\n
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Wellington, New Zealand – Totara today announced that its owners have entered into a purchase agreement with Sydney private equity firm Five V Capital,<\/a> under which Five V will acquire a majority ownership interest in Totara. The operations and management of Totara will remain unchanged with Richard Wyles continuing as Chief Executive Officer.<\/p>\n

Since 2011, Totara has remained focused on helping organizations experience the freedom to innovate and adapt to changing circumstances through its open and flexible HR and Learning & Development software. Today\u2019s rapidly evolving workplace and the strategic imperative of having engaged and well-trained employees, further accelerated by COVID-19, has prompted corporations and organizations to adapt new working practices. Totara\u2019s products \u2013 used by over 1,800 organizations like USDA<\/a>,\u00a0Pepsi<\/a>, Red Hat<\/a>, JetBlue<\/a>, Yamaha<\/a>, and more \u2013 is well-positioned to meet this growing market.<\/p>\n

\u201cI am excited to welcome Five V Capital in Totara\u2019s mission to drive a new era of innovation, workplace performance and productivity,\u201d said Wyles. \u201cFive V\u2019s collaborative and growth-oriented approach will accelerate our efforts to build Totara\u2019s presence in new and existing markets \u2013 at a time when the demand for remote workforce technologies is growing exponentially. Totara\u2019s enterprise-ready learning management system (LMS), user-centric learning experience platform (LXP), and comprehensive performance management system \u2013 which will be released in October 2020 as the Totara Talent Experience Platform \u2013 is a formidable challenger and strategic alternative to often over-priced and inflexible HCM systems. We\u2019re here to shake things up for the better and it\u2019s great to have experienced and aligned partners in Five V.\u201d<\/p>\n

\u201cWe are excited to be part of Totara\u2019s future and to be partnering with Richard and his team,\u201d said Srdjan Dangubic, Partner at Five V Capital. \u201cTotara is a globally ambitious business with enormous potential. We look forward to supporting Totara\u2019s international expansion plans to disrupt the global HR and talent experience markets.\u201d<\/p>\n

Vista Point Advisors, a San Francisco-based boutique investment bank, acted as the exclusive financial advisor to Totara.<\/p>\n

About Five V<\/h3>\n

Five V Capital is a growth-focused private equity fund based in Sydney, Australia. Five V has in excess of A$450 million of capital available to partner with leading founders and businesses in Australia and New Zealand. With a focus on B2B and technology-enabled services, Five V\u2019s current portfolio includes Education Perfect, Probe Group, Universal Store, Zenith Investment Partners, RateSetter Australia, Canva and SiteMinder. More information is available at https:\/\/www.fivevcapital.com<\/a>.<\/p>\n<\/div>\n <\/div>","protected":false},"template":"","tax\/tags":[],"tax\/solutions":[],"tax\/topics":[],"tax\/industries":[],"tax\/article-types":[813],"class_list":["post-40707","article","type-article","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/articles\/40707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/articles"}],"about":[{"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/types\/article"}],"wp:attachment":[{"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/media?parent=40707"}],"wp:term":[{"taxonomy":"tag","embeddable":true,"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/tax\/tags?post=40707"},{"taxonomy":"solution","embeddable":true,"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/tax\/solutions?post=40707"},{"taxonomy":"topic","embeddable":true,"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/tax\/topics?post=40707"},{"taxonomy":"industry-tax","embeddable":true,"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/tax\/industries?post=40707"},{"taxonomy":"article-type","embeddable":true,"href":"https:\/\/staging.totara.fortyapp.com\/us\/wp-json\/wp\/v2\/tax\/article-types?post=40707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}