Workforce micro-finding out platform Spiffy obtained by Oliver Remedies

Spiffy survived the COVID restaurant disaster by pivoting to hashish retail.

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Toronto-primarily based Spiffy, which gives a digital education system for workplaces, has been acquired by regulated e-finding out and compliance solutions company Oliver Methods.

The deal, which closed in December, will see Spiffy’s complete group of 6 absorbed into Oliver. The fiscal terms of the offer have been not disclosed.

“We are truly energized to be in a place to examine the total opportunity of our products.”

Chris Snoyer, Spiffy

Started in 2016, Spiffy to begin with introduced a micro-studying system for dining establishments wanting to upskill staff members on in-keep goods and models. By the system, dining places can develop bite-sized solution know-how modules, and staff could master in 5 to 10 minutes of discovering per 7 days.

The startup, which has raised no institutional money during its existence, finished The DMZ program in 2019, and secured contracts with beer huge Molson and cafe chain Milestones. “Just as we begun to determine issues out, COVID strike,” Snoyer claimed.

By 2020, Spiffy was even now predominantly serving eating places, but also once in a while labored with organizations in other sectors. In February of that 12 months, the startup had signed its very first hashish retailer, Welcoming Stranger.

Just two months afterwards, following keep-at-residence orders went into outcome and the pandemic shuttered dining places globally, Spiffy’s revenues fell by in between 40 and 50 percent. “With no staff members to coach, there was no need for a training system,” Snoyer added. 

This meant the startup experienced to glimpse at new sectors, and that calendar year, Spiffy made a decision to pivot into the hashish retail room. 

“The use situation is truly very equivalent,” Snoyer added. “So, as a substitute of recommending a beer, wine, or spirit, I’m just educating you on a different sort of hashish, the terpenes within it, the diverse effects that you may possibly or may perhaps not sense, [and] you have to be thorough about what you say there from a regulatory standpoint.”

Specified the restaurant industry’s put up-pandemic rebound, Spiffy proceeds to provide a quantity of restaurants, this sort of as Freshii, Shoeless Joe’s, and Quesada. On the hashish entrance, the startup not long ago launched its initial US cannabis retailer, and counts over 1,000 suppliers on the platform, this sort of as Influenced Cannabis, Canna Cabana, and One Plant.

Oliver Solutions offers controlled e-studying and compliance solutions in the financial, genuine estate, and vacation industries. When it was started in 1983, the organization presented business-entry in the Canadian securities marketplace. 

Oliver Remedies later on went to generate a existence insurance policies license certification system, and attained entry into the US continuing training industry in 2013. A person calendar year later on, the corporation released a B2B edtech platform that supplies a controlled training option.

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Snoyer sees quite a few places where by Spiffy’s and Oliver’s choices complement each individual other. For a person, Oliver Alternatives is known for its presence in remarkably controlled industries, which aligns with Spiffy’s advancement ambitions in the hashish sector. Spiffy lately submitted a bid to the Alcoholic beverages and Gaming Fee of Ontario to provide regulatory instruction on hashish.

“It’s a natural extension of our central discovering hub design, in which we are seeking to get as significantly … will need-to-know info to the fingertips of all those frontline staff,” Snoyer included.

In a assertion, Robert Gardias, CEO and president of Oliver Methods, highlighted Spiffy’s distinctive method as a key variable that drew curiosity. Spiffy operates in industries normally going through small personnel engagement by adopting a gamified tactic to mastering.

“We’re eager to blend Spiffy’s insights into Oliver’s plans, improving our clients’ finding out encounters and offering prime tier benefit,” Gardias added.

Spiffy is now wanting to expand to new marketplaces over and above dining establishments and hashish, this kind of as cosmetics, sporting merchandise, experiential marketing, and the automotive house, the latter getting a aim spot for Oliver Answers as properly. 

“We are definitely thrilled to be in a situation to investigate the whole possible of our product or service and check out how we can effects schooling for other industries,” Snoyer additional.

Feature picture courtesy of Spiffy.