TITLE

Feedback ditches web learning arm

PUB. DATE
February 2004
SOURCE
IT Training;Feb2004, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
High-tech educational manufacturer Feedback has sold its loss-making e-learning business Teknical to Serco Learning for £ 350,000. In the eight months to November 2003 Teknical lost £ 382,000 on a turnover of £ 545,000. Feedback blames the losses on poor sales in the higher education market, and the failure to win a South Yorkshire e-learning project. David Sawyer, Feed-back managing director, opines that Teknical had become something of a millstone, and that the trading record was such that they didn't feel they could keep it within the group.
ACCESSION #
12228394

 

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