Sector focus ~ Technology, Media and Telecoms

TMT represents a diverse, high-growth and fast-moving sector where our industry knowledge is critical. We focus on a handful of sub-sectors together with experienced operating partners, who are crucial to our program. We continue to target market-leading companies operating in high-growth niches or industry verticals, and with the potential for expansion.

Market trends

The steady shift towards software-as-a-service, cloud computing and virtualization could reshape the software and services industry, benefiting datacenter providers and storage companies, creating high-growth investment opportunities. In addition, the convergence of information technology and business process outsourcing continues, blurring the distinction between IT supplier and business process partner.

In the media sector, digitalization and the Internet are disrupting traditional business models and producing interesting investment opportunities. The education and training sub-sector represents a high-growth and resilient niche. Separately, information and data providers that deliver real-time information and specialized industry-critical data continue to be attractive. Lastly, we continue to explore investment opportunities in proven and sustainable business models in the online sector.

The need for bandwidth – particularly mobile bandwidth – is unrelenting, given the exponential growth in smartphones, tablets and online video. Telecom operators globally are under pressure to build faster and smarter networks, and to adapt their pricing models in order to maintain historical levels of return on their network investments. We target the services and technologies that enable operators to address these challenges.

SkillSoft

SkillSoft is a leading provider of e-learning software. It has a well-diversified global customer base that includes over 50% of the Fortune 500.

With its high level of brand recognition and scalable model, SkillSoft is well-positioned in a fast-growing niche of the training market. Current macro-economic trends are driving the growth of e-learning, which is more flexible and more cost effective than classroom alternatives.

We are using our previous experience with information and software services, business services and education companies to help SkillSoft evaluate and pursue growth avenues that include increased penetration of existing customers, new delivery models, and expansion into new geographic and customer markets.

A fragmented market offers opportunities for consolidation and accelerated growth.Our portfolio support team is providing additional resources to help management align R&D and other processes with an evolving business model.

www.skillsoft.com