ThirdForce sees recovery in last six months

E-learning company ThirdForce says its revenues, which had fallen in the first six months of 2005, recovered in the second half of the year. In a trading statement this morning, the company says it now expects to report full year revenues of €12.6m, up 5% on 2004 with the help of a partial contribution from Creative Learning Media.

However, it says that operating profits for the full year will be substantially lower.

ThirdForce has been implementing a strategy to diversify its business beyond IT training into online assessment, adult literacy and work place learning. This diversifying has involved 'considerable' investment in 2005 with the company building two new divisions - EP assessment and EP skills for life. It has also acquired Creative Learning Media in the UK and redesigned its core IT skills software.