Hoopis Performance Network (HPN) Completes Acquisition of Financial Services Education Network (FSEdNet)

CHICAGO - March 3, 2022 - PRLog -- Hoopis Performance Network (HPN) announced today that it has completed the acquisition of Financial Services Education Network (FSEdNet) to provide best-in-class digital learning and development solutions to the financial services industry worldwide.

This acquisition will combine FSEdNet's digital content focused on education and knowledge with HPN's content focused on skills, best practices and execution from the top experts and practitioners in financial services. This combination delivers a complete package of digital learning and development resources to financial institutions designed to increase efficiency, productivity and retention.

The combined entity of HPN and FSEdNet now represents over fifty enterprise clients across 31 countries throughout the world. This acquisition expands the HPN content library to over 3,000 microlearning videos and modules – creating the largest digital content library in financial services. HPN's current content library features various languages including English, Spanish, Mandarin, French Canadian, Thai, Vietnamese, Indonesian, and Malay.

"The timing of this announcement is perfect as the interest and utilization of digital learning has accelerated 5+ years into the future due to the pandemic," said Joey Davenport, President of HPN. "This allows us to expand our content offering, further deepening our global customer relationships and expanding our reach into new, adjacent markets. This creates an extraordinary growth opportunities for HPN as we continue to drive productivity gains and, ultimately, value for our customers."

While both organizations have provided digital learning and development over the past decade, both organization's content libraries are extremely complementary. The addition of FSEdNet expands HPN's reach into additional markets. Some of these include home office employee training, field staff training, financial wellness for consumers, investment content for broker dealers and much more.

Richard Cleary, the President and Founder of FSEdNet will become part of the HPN leadership team in his new role as President of the FSEdNet Division. According to Cleary, "A major trend is occurring where employees are demanding more wellness benefits from their employer – in particular, financial wellness. The ability for organizations to be able to provide financial wellness content and resources to their employees leads to greater engagement, satisfaction and retention."

Financial wellness has become a primary area of interest for organizations as the demand for more wellness resources has taken center stage. According to a 2021 U.S. Federal Reserve study, 42% of Americans state household finances have caused "somewhat high" or "very high" stress levels in their daily lives. Eight in ten consumers have an interest in at least one area of financial education. A recent study from Empower Retirement revealed 70% of Americans say learning more about financial health is a priority. Organizations offering financial wellness tools and resources to their members, employees and clients is a strategy to minimize the negative impact of "The Great Resignation".

"The acquisition of FSEdNet puts HPN in an excellent position to expand our market share in the digital learning space worldwide", said Harry Hoopis, Chairman of HPN. "The need for digital learning and upskilling is expanding at a rapid pace and we're excited to be able to capitalize on this opportunity. Especially because we're able to do so by providing our clients with greater scale and efficiency."

About Hoopis Performance Network (HPN)

For more than a decade, Hoopis Performance Network has been a global leader in providing digital sales and leadership development learning solutions. HPN's digital resources are designed to increase productivity and retention. In addition, they are scalable and customizable, depending on your organization's virtual learning and development needs. Visit HPN at www.hoopis.com

About Financial Services Education Network (FSEdNet)

FSEdNet provides the resources of understanding to Launch, Retool or Grow a Practice in the Financial Services Industry. FSEdNet is a web-based video platform designed to deliver maximum impact on developing the skills, habits and confidences of producers and staff by establishing processes and core understandings of the products, services and life experiences that prospects and clients face.