Fuel will use £1.4m to drive expansion

September 2003
IT Training;Sep2003, p12
Trade Publication
Bespoke e-learning developer Fuel Inc. has received a cash injection of £ 1.4 million from two entrepreneurs, Stanley Davis and Nigel Lindsay Fynn, in order to fund an expansion drive. In July 2003, Fuel used part of the money to buy financial and professional services e-learning provider Wide Learning for an undisclosed sum. Steve Dineen, Fuel's chief executive, comments, 'While we are strong in the IT and telecom sectors, we're not big in finance. Wide Learning has relationships with every financial institution in the market, so the acquisition has doubled our client list and our sales team.'


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