Workforce micro-finding out system Spiffy acquired by Oliver Solutions

Spiffy survived the COVID cafe crisis by pivoting to cannabis retail.

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Toronto-based mostly Spiffy, which presents a electronic education platform for workplaces, has been acquired by controlled e-studying and compliance remedies agency Oliver Methods.

The deal, which shut in December, will see Spiffy’s full group of 6 absorbed into Oliver. The monetary terms of the offer had been not disclosed.

“We are definitely thrilled to be in a position to check out the total possible of our product.”

Chris Snoyer, Spiffy

Established in 2016, Spiffy to begin with launched a micro-learning system for eating places hunting to upskill staff on in-retail store merchandise and brands. By the system, places to eat can build chunk-sized product expertise modules, and personnel could understand in 5 to 10 minutes of mastering for every week.

The startup, which has lifted no institutional funds in the course of its existence, done The DMZ application in 2019, and secured contracts with beer huge Molson and cafe chain Milestones. “Just as we begun to figure factors out, COVID strike,” Snoyer explained.

By 2020, Spiffy was however predominantly serving restaurants, but also often labored with enterprises in other sectors. In February of that year, the startup had signed its initially hashish retailer, Pleasant Stranger.

Just two weeks afterwards, immediately after remain-at-house orders went into influence and the pandemic shuttered dining places globally, Spiffy’s revenues fell by in between 40 and 50 %. “With no employees to practice, there was no want for a education platform,” Snoyer additional. 

This meant the startup experienced to look at new sectors, and that calendar year, Spiffy determined to pivot into the hashish retail house. 

“The use situation is basically incredibly related,” Snoyer additional. “So, as an alternative of recommending a beer, wine, or spirit, I’m just educating you on a distinctive variety of hashish, the terpenes in it, the various consequences that you could or may perhaps not feel, [and] you have to be mindful about what you say there from a regulatory standpoint.”

Specified the cafe industry’s post-pandemic rebound, Spiffy carries on to serve a quantity of dining places, these as Freshii, Shoeless Joe’s, and Quesada. On the hashish front, the startup not long ago released its 1st US hashish retailer, and counts about 1,000 stores on the platform, this kind of as Influenced Cannabis, Canna Cabana, and Just one Plant.

Oliver Answers offers controlled e-studying and compliance alternatives in the economical, authentic estate, and travel industries. When it was launched in 1983, the organization furnished marketplace-entry in the Canadian securities business. 

Oliver Solutions later went to produce a life insurance coverage license certification program, and attained entry into the US continuing education marketplace in 2013. One year later, the company introduced a B2B edtech platform that supplies a controlled schooling answer.

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Snoyer sees several areas exactly where Spiffy’s and Oliver’s choices complement every single other. For 1, Oliver Answers is recognized for its presence in extremely regulated industries, which aligns with Spiffy’s growth ambitions in the hashish sector. Spiffy not too long ago submitted a bid to the Liquor and Gaming Commission of Ontario to provide regulatory schooling on cannabis.

“It’s a natural extension of our central mastering hub design, the place we are striving to get as substantially … want-to-know information to the fingertips of those frontline personnel,” Snoyer added.

In a statement, Robert Gardias, CEO and president of Oliver Methods, highlighted Spiffy’s unique technique as a key issue that drew curiosity. Spiffy operates in industries normally facing minimal personnel engagement by adopting a gamified tactic to mastering.

“We’re keen to blend Spiffy’s insights into Oliver’s applications, maximizing our clients’ mastering encounters and delivering prime tier value,” Gardias additional.

Spiffy is now hunting to increase to new marketplaces over and above places to eat and cannabis, these types of as cosmetics, sporting goods, experiential promoting, and the automotive room, the latter becoming a focus spot for Oliver Remedies as effectively. 

“We are genuinely excited to be in a placement to investigate the total likely of our products and discover how we can effect instruction for other industries,” Snoyer added.

Characteristic graphic courtesy of Spiffy.