Aquila acquires Turkish learning tech firm Enocta in its first Turkey deal

What's the deal? Aquila, an investor that makes long-term bets on vertical-market software companies, has acquired Turkish learning technology firm EnoctaDealroom has a profile for this one. Try Dealroom →. The financial terms were not disclosed.

What does Enocta do? Founded in 1999, Enocta serves more than 550 organisations, over 70 business partners, and more than 3.5 million users. It offers learning and development management, digital content, performance management, competency management, and AI-powered development tools on a single platform.

Who is the buyer? Aquila invests in enterprise software companies as part of a global group that operates in more than 160 countries and trades on the Toronto Stock Exchange (TSX). It backs companies while preserving their teams, culture, and operational independence.

Why now? The deal marks Aquila's first investment in Turkey and its first in the country's learning technology sector. "Enocta stands out for its expertise in learning technologies, innovative products, and strong customer relationships," said Federico Marturano, senior portfolio manager at Aquila, adding the investment carries strategic importance.

What's the endgame? The two companies aim to accelerate Enocta's growth in international markets and strengthen the global position of learning technologies developed in Turkey.

The signal: A TSX-listed acquirer planting its first flag in Turkey signals growing appetite for the country's vertical software firms as targets for long-term, buy-and-hold consolidation.

Read more: Webrazzi