SumTotal to acquire Pathlore for $48 million

HYDERABAD: SumTotal Systems, Inc. and Pathlore Software Corporation, two software companies in the learning and business performance management market, today announced the signing of a definitive merger agreement for SumTotal to acquire Pathlore for approximately $48 million.

At the closing of the acquisition, Pathlore shareholders will receive approximately $29 million in cash and 4 million shares of SumTotal Systems common stock.

According to industry analysts, the acquisition brings together the leaders in revenue and customer count. The combination is expected to offer Pathlore customers access to SumTotal's broader enterprise suite of product capabilities and expanded global support as well as extend SumTotal's reach into segments including state government, health care, and the middle-market.