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LearnStream was an elearning company based in Fredericton, Canada. The company was started in 1998 through a leveraged management buyout of the product development group from its former parent company, FirstClass Systems Corp based in White Rock, BC.
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The company was founded by entrepreneurs Ken Reimer, and Phil Lambert, who raised the capital and engineered the management buyout from the parent company. Reimer was previously president of FirstClass Systems Product Development Corporation, and had previous entrepreneurial adventures in Western Canada. Lambert was previously vice president of FirstClass Systems Product Development Corporation and brought extensive experience with large multi-national manufacturers and small start-ups to the venture.
Description
With a team of over 150 developers, LearnStream designed and developed high quality e-learning customized solutions for clients in North America and Europe. Although the company focused originally on IT training solutions, it later developed a client base in financial services, pharmaceuticals, international development, and defense.
One of the highest recognitions for the company was winning the Canadian New Media Company of the Year award in 2000. Collecting many awards for its outstanding work includes numerous Cindy awards, KIRA Award, K. C. Irving Quality Award, and a number of Multimedia Producer awards.
The company was purchased in 2005 by Vitesse Learning and closed its operations.New Brunswick.
Influence
As an eLearning pioneer based in Fredericton, LearnStream was a major player in the development of the eLearning workforce of instructional designers, graphic artists, media developers, programmers and others. Many LearnStream alumni have joined and now bring those skills to other firms in the Fredericton area, including Bluedrop Performance Learning, Innovatia, Skillsoft, PulseLearning, Red Hot Learning, PQA, and Virtual Expert Clinics. The alumni remain in contact through a Facebook group for Former LearnStream Employees.
Recently a Telegraph Journal editorial referred to LearnStream as one of four companies (LearnStream, Mariner Partners, Q1Labs, and Radian6) who "have demonstrated that New Brunswickers have what it takes to excel in the development and application of new technologies".