Launch builds on Alpine’s existing partnership with Interskill Learning
SAN FRANCISCO, June 02, 2022–(BUSINESS WIRE)–Alpine Investors, a people-focused private equity firm committed to building sustainable businesses, today announced the launch of Axcel, its new professional training platform. Alongside the launch, Axcel also announced new partnerships with Michael Management Corporation (“MMC”), a leading SAP training provider, and Web Age Solutions (“Web Age”), a leading training company computer science.
As Alpine’s dedicated vocational training platform, Axcel will focus on partnering with world-class vocational training companies. Axcel will sit on AlpineX, an Alpine-backed investment platform focused on market-leading service companies. The partnerships with MMC and Web Age build on AlpineX’s existing partnership with Interskill Learning (“Interskill”), a leading independent provider of online mainframe training that will also be part of Axcel. Jonathan (Jono) Zeidan will lead the platform as CEO of Axcel.
Founded in 2000, MMC launched the first interactive online SAP training courses, years before SAP offered online training. Today, the company is the market leader in providing online SAP training and live SAP access services. MMC’s customers include many Fortune 1000 companies, seasoned SAP consultants, and individuals in more than 120 countries.
Founded in 1999, Web Age is an IT training company serving large enterprises, including Fortune 500 companies. The company is committed to helping its customers thrive through tailored offerings, including the ability to offer completely personalized programs. Web Age customers span North America, Africa, Australia, Europe and the Middle East and include more than half of the Fortune 100 companies.
“We are thrilled to launch Axcel by partnering with three outstanding professional training companies. All three are market leaders in their own fields and bring decades of experience serving customers and learners,” said Jono Zeidan, CEO of Axcel. “Together, as Axel, we have a unique opportunity to fundamentally change the way we train the modern workforce by expanding the delivery of industry-leading training. As members of the Alpine family, MMC and Web Age will have access to new growth opportunities, expanded sales and marketing channels, and an extensive network of top talent that will support each company’s continued and sustainable growth over the long term.”
“Interskill, MMC and Web Age Solutions are high-quality, complementary businesses that create a solid foundation for Axcel, Alpine’s professional training platform. Each of these three distinct businesses brings its own culture and values that perfectly align with Alpine’s PeopleFirst philosophy and unwavering commitment. We look forward to building on their legacy and championing the visions of their founders,” said Dan Sanner, Partner at Alpine Investors. “We are delighted to be able to provide these businesses the support and resources to take their growth to the next level.”
Terms of the private transaction were not disclosed. Interskill, MMC and Web Age will continue to operate independently under their existing brands.
Axcel is an investment platform backed by Alpine Investors that focuses on buying, building and operating world-class professional training businesses. Axcel is passionate about people, focused on training the modern workforce, and obsessed with delivering for customers and learners. It is part of AlpineX, an Alpine investment platform focused on lower-middle-market service businesses that have sustainable customer value propositions, high-quality earnings and attractive markets. For more information, visit www.axcel-learning.com.
About Michael Management Corporation
Michael Management Corporation is a leading provider of SAP training and SAP access. The company offers an unparalleled level of SAP product expertise and consulting experience. Michael Management Corporation’s online SAP training courses are used by many Fortune 500 companies around the world to train their users in SAP know-how.
About Web Age Solutions
Since 1999, Web Age Solutions has been committed to helping our customers thrive. From ready-to-use courses to fully customized programs, we tailor our offerings to meet client needs. Serving customers across North America, Africa, Australia, Europe and the Middle East, we offer flexibility, ease and peace of mind.
About Alpine Investors
Alpine Investors is a people-focused private equity firm committed to building sustainable businesses by working with, learning from and developing exceptional people. Alpine specializes in investing in companies in the software and services sector. Its PeopleFirst strategy includes a CEO program that enables Alpine to provide leadership in situations where additional or new management is needed after the transaction. Alpine is currently investing in its eighth $2.25 billion fund. For more information, visit http://www.alpineinvestors.com.
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