The acquisition of MindLeaders by Skillsoft is a major milestone that will significantly extend the breadth and depth of our current product offerings, providing even more value to our customer base. This will contribute to improved customer experience, enhanced customer engagement and a greater return on your investments in training.
Our strong focus on educating and developing people to succeed in their careers will remain and this union strengthens our presence in the industry. In addition, combining the best technology and capabilities of both companies, we are better prepared to serve you with innovative solutions and higher quality services.
We’re proud of what MindLeaders has accomplished over the past 18 years providing workplace elearning solutions and believe we can now do more together when tied with Skillsoft’s enterprise learning suite. As a result, we are uniquely positioned to help customers attain their objectives quickly, cost-effectively, with unlimited scalability, minimal administrative burden and maximum impact through workforce training programs.
Skillsoft Strikes $525 Million Deal to Acquire Ed-Tech Rival Codecademy
Skillsoft recently announced a $525 million deal to acquire ed-tech rival Codecademy. This acquisition combines Skillsoft’s industry-leading content offerings and Codecademy’s adaptive learning technology to offer customers the most comprehensive and comprehensive learning experience. This acquisition will ultimately benefit Skillsoft customers by providing them access to a wider range of learning options and tools.
Let’s explore how this acquisition could benefit Skillsoft customers:
Details of the Acquisition
Skillsoft, a e-learning and performance support solutions leader, recently announced the acquisition of Books24x7. With this acquisition, customers will benefit from Skillsoft’s comprehensive library of learning materials seamlessly integrated with Books24x7’s corporate IT and professional development solutions.
Books24x7 is best known for its expansive technical libraries of IT books, certification prep materials and business books organised into collections for quick access. The collections include internationally recognized authors such as Mark Minasi, William Rogers and Don Jones. Adding this content to the existing Skillsoft catalogue allows customers to access up-to-date reference materials in a single source.
The integration of the two offerings allows customers to conveniently access learning materials from any device at any time via Skillport 8i, Skillsoft’s user-friendly platform that can be tailored to meet individual needs. Customers will now access a vast selection of available content with one keystroke. With an unparalleled library which can be tailored and integrated with their environment; customers will experience greater value and time savings when seeking out content specific answers or researching methods to improve their skill sets implementation or program design.
By combining the existing expertise, customer base, technology assets and content libraries of both companies through this acquisition; together they can provide revolutionary e-learning solutions not only for current users but also new customers around the world in more ways than ever before—allowing members to learn how they want when they want in language that speaks most effectively to them for unprecedented learning outcomes individually or organizationally.
Reasons Behind the Acquisition
The recent acquisition of SumTotal Systems, LLC by Skillsoft will deliver immediate, long-term and lasting benefits to customers and the market. By unifying Learning (Skillsoft) and Talent (SumTotal), customers can now take full advantage of an integrated learning and talent suite that supports enterprise performance.
The combined investments from Skillsoft and SumTotal will allow for accelerated innovation with a laser focus on differentiating customer experience, increasing CLO agility, driving more engaging learning experiences, enhancing corporate compliance needs and enabling managers to make better decisions faster.
The acquisition bolsters customer choices to drive workflows specific to their business objectives – all on a single platform under a unified code base that makes it easier than ever to customise sum 360° solutions. Combining both companies creates deeper insights and empathy that appeal to the modern learner while providing enterprises better visibility into human capital performance.
In addition, the acquisition provides customers access to world-class services from both companies’ award-winning teams designed for faster time-to-value when deploying solutions for enterprise learning needs. As part of this combination process, customers will continue to receive excellent service and support from both organisations as we align our talent development support functions into one team working in unison on behalf of customers.
The unification driving this acquisition represents a unique opportunity for customers – new products are in development distinctively addressing their highly targeted learning goals and evolving talent strategies specific to their organisational goals across multiple departments within each particular organisation.
Both Skillsoft’s Learning Suite/learning services solutions connected with SumTotal’s Talent Suite/talent services solutions provide new ways to apply cutting edge AI powered insights while also effectively nurturing cultures built upon inspiring people through technology driven experiences – all with the ability customise at local regional or global levels unheard of in the industry today!
Benefits of the Acquisition
Skillsoft has recently acquired ed-tech rival Codecademy in a $525 million deal, and this acquisition presents many benefits to Skillsoft customers.
Skillsoft customers can now access Codecademy’s vast library of educational resources, which includes interactive coding tutorials, game-based training, and more. In addition, Codecademy’s platform is also integrated with Skillsoft’s, allowing customers to quickly and easily access the resources they need.
Additionally, the acquisition provides a more comprehensive learning experience for Skillsoft customers.
Increased Access to Learning Resources
Our organisation’s acquisition of Company XYZ will provide us with increased access to various learning resources. This will allow us to provide our employees with more comprehensive, up-to-date training and help them reach their professional goals.
Company XYZ is well-known for their library of online educational courses, which include workplace safety, customer service and management techniques. Integrating their courses into our existing training infrastructure allows us to provide a wider range of skills and knowledge to our employees.
We also plan to take advantage of the company’s experience designing interactive learning modules that improve student engagement. By providing more engaging materials that keep learners actively involved in the learning process, we can ensure that our employees can better retain and apply the knowledge gained during their training sessions.
Through this new access to technology and content, we’ll be able to expand the range and depth of knowledge available to our workers in ways never before possible. As a result, we can better equip them with new skills that empower them to succeed in a highly competitive job market while offering career opportunities for advancement within our organisation.
Enhanced User Experience
The acquisition of Element K by Skillsoft will help provide customers with an enhanced user experience. The combined platform will change the way people learn and develop. Customers of both companies will benefit from the added capabilities and features of their merged platform, which include:
- Access a fully-integrated learning content library from the world’s leading authors, plus providers such as Harvard Business Analysis and AMA.
- Tools to improve productivity and team collaboration.
- A customizable learning experience through personalised paths, assessments, and tracking systems.
- Curated content sources tailored to individual needs.
- Integrated education experiences spanning mobile, video, gamification elements, instructional design innovations, data analysis/insights/recommendations to drive meaningful user engagement.
- Increased access to interactive technologies such as simulators, video case studies and more.
- Robust learning analytics that allow customers to measure the success of their learning initiatives.
Improved Course Quality
With the acquisition of LEARNING! Media Group, Skillsoft will gain access to an extensive library of valuable learning assets. This includes approximately 6,000 assets covering a wide range of topics. In addition, the quality of courses developed by the newly acquired video-based education provider will now be offered to Skillsoft customers worldwide.
The resources provided by LEARNING! Media Group includes immersive and interactive content developed according to best practices in instructional design and adult learning theory. Utilising these high-quality assets, Skillsoft customers can enrich their courses and have better results when training employees or customers.
Video-based education can make learning easier for those who find traditional instruction methods difficult or unengaging. With video’s vivid visuals and engaging audio, training sessions will become even more captivating than before. Additionally, users can find exactly what they need among the vast array of available sources since they support detailed searches and are easily customised as desired. The resources provide instructor-led virtual classes and webinars that accommodate virtually any audience size and help ensure user comprehension.
Increased Reach
The acquisition of SumTotal Systems by Skillsoft will provide tremendous benefits to Skillsoft customers by expanding their reach, improving their technology and increasing access to content. In addition, the combination of the two organisations is expected to create a powerful platform for corporate learning, with an extensive library of digital educational content and the ability to launch talent-related applications across the organisation.
The alliance of these two industry leaders will result in a greater distribution network and extended global reach. This will ensure that new customers can easily access comprehensive learning solutions in their local language and region.
Additionally, the integrated platform will enable customers to form cross-functional teams to develop leadership competencies, promote collaboration and implement change faster throughout the organisation. Both companies’ technologies are being blended into one system that offers products focused on every aspect of learning; management, performance support, development/education/ research courseware materials. This single solution allows customers a consistent training experience while accessing new web-based applications on any device at any time in any location worldwide – dramatically increasing access to educational material for its customers.
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