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Ian West and Julian Harvey, co-founders of Harvey West - now known as Spring IT Training - are the principal investors, but have yet to disclose the purchase price.
Formally managing director of Spring IT, West has taken over as chairman of Premier IT and will be joined on the board of directors by Andy Horner, who also held a management position at Spring IT, and Andrew Esposito, previously UK channel director at Interwise and Oracle Education.
Horner has been appointed managing director of Premier IT, with Esposito taking the position of director of learning systems.
The three stalwarts of the training industry have over thirty years of experience between them and intend to give Premier IT a new direction.
They claim success comes from blending learning systems, encompassing e-learning and instructor-led training.
Esposito said Premier IT's London location had been attractive, as were its bespoke training projects and sales teams.
"The building blocks are in place to really deliver a blended learning approach that will comprise of traditional classroom-based training and Web-based solutions," he claimed.
Ten-year-old Premier IT originated from a buyout of the computer training division of the Pitman Group.
It was recently appointed the sole authorised Oracle learning service provider in Europe.