Derry based learning technology company Learning Pool has agreed to an investment from global investment firm Marlin Equity Partners.

As part of the investment, Marlin will acquire the shareholding of Carlyle Cardinal Ireland, which originally invested in the company five years ago.

The size of the investment was not disclosed but Learning Pool - which was founded by Paul McElvaney in 2006 - was recently reported to have been on the market for an estimated €160m.

It currently has 260 employees across the UK and the US having quadrupled its revenue in the last five years and has plans to create 100 new roles this year.

The company has made a number of acquisitions including in the US market where it acquired the Learning Management Systems company, Remote Learner.

It reported revenue of just over £18m for the 12 months to the end of April 2020, up by almost a third on the previous year.

With over 1,000 clients including Intercontinental Hotels Group, Sky and Swiss Re, Learning Pool assists companies with training and skills development of their employees using modern cloud technology.

"We're delighted to have found the right partner to help us continue our momentum and grow the Learning Pool brand globally," chief executive Paul McElvaney said.

"When we invested originally the company had 80 employees in one office, predominantly servicing UK public-sector customers," John Dolan, Managing Director, Cardinal Capital Group said.

"It now has over 260 employees across six offices around the world, and with over 30% of the revenue coming from North America," he added.