Lumify Group expands its digital skills training portfolio with $A19.1 million Nexacu acquisition

Sydney, Australia – 11th October 2022 – Lumify Group, Australia’s largest provider of corporate ICT and digital skills training, has completed the acquisition of Nexacu, Australia’s leading provider of instructor-led Microsoft Application training for end-users, in a deal worth $A19.1 million.

The acquisition will further expand Lumify Group’s growing portfolio of business units, which now includes Lumify Australia, Lumify Philippines, The Australian Institute of ICT, Auldhouse and Lumify People. The deal follows last year’s $A16.6 million acquisition of Auldhouse, and will further help Lumify Group in cementing their position as the leading provider of digital skills training across APAC, and continuing their significant contribution to reducing the critical digital skills gaps seen across the region.

Lumify Group Chief Executive Officer, Jon Lang said the acquisition would merge the training prowess of two successful organisations, both committed to innovative technology, up-skilling the technical workforce and advancing end-user capabilities.

“This will be a perfect union in terms of market adjacency and expansion. We both provide live, instructor-led, digital skills training, with Lumify Group focusing on technical courses for IT professionals, and Nexacu end-user apps courses. Given our growing portfolio of digital products and flexible delivery modalities there will be some great opportunities to continue building out this capability with Nexacu’s product suite.” he said.

Nexacu is a Microsoft Gold Partner with a reputation for delivering quality Microsoft end-user app training with campuses in all major Australian cities. It has a highly diversified customer base across government, education, and commercial sectors, generating over 42,000 positive participant reviews. The company currently trains 13,000 students per annum and the merger will grow Lumify Group's training pool to more than 30,000 students each year.

The acquisition will allow Lumify Group to bolt-on Nexacu’s portfolio of end-user courses to its enterprise sales infrastructure.

Nexacu former owner, Paul Panebianco, said he was positive for the future of the company under the Lumify Group umbrella.

“I'm delighted that Nexacu has joined the Lumify Group family, becoming part of the leading digital skills provider in the APAC region. There will be some great benefits for our customers and employees with opportunities to leverage synergies across sales, marketing and product, in addition to their world-class facilities. By combining our expertise, we will create stronger, more impactful training options for both organisations and skilled workers across APAC. Both Anita and I couldn't be more excited about what lies ahead for Nexacu, our customers and employees.”

For more information on Lumify Group, please visit www.lumifygroup.com.

About Lumify Group

Lumify Group is Australia’s largest provider of corporate IT and process training and Australia’s number one cyber security training provider. We partner with world-class companies to help organisations and individuals remain up to date with new processes, technology, and platforms to reduce risk and enable efficient business practices. Lumify Group promotes a balanced approach to training with a focus on the key areas of Technology, Process and People. We provide extensive training options tailored to your organisation’s needs – from vendor-certified courses to customised training, including bespoke in-house developed courses.

About Nexacu

Nexacu is Australia's leading provider of Microsoft Skilled End User training courses. Our dedicated researchers and in-house course writers continually develop relevant skills-based training to keep pace with changing technology. We continuously search and discover new IT developments, designing and delivering unique courses which provide a productivity advantage for every participant.

We enable our students to master the latest technology and improve their productivity. Our practical training increases IT proficiency, advancing people and teams to the next level of capability.

Lumify Group Australia Pty Ltd and Nexacu Holdings Pty Ltd are wholly owned subsidiaries of EdventureCo, which is owned and operated by Arowana.