Skillsoft Corp. (SKIL)

History and Background

Skillsoft was founded in 1998. It's a leader in corporate digital learning, providing content and technology solutions. It underwent significant changes, including acquisitions and restructuring, to become a comprehensive learning platform.

Core Business Areas

• Content: Offers a vast library of on-demand learning content, including courses, videos, books, and microlearning assets covering a wide range of topics.
• Technology Platform: Provides a learning management system (LMS) and other tools for delivering and managing learning programs.
• Managed Services: Offers consulting, implementation, and support services to help organizations optimize their learning initiatives.

Leadership and Structure

Jeffrey Tarr is the CEO. The company has a typical corporate structure with functional departments like sales, marketing, product development, and finance.

Key Offerings

• Percipio: Skillsoft's flagship learning experience platform, providing personalized learning paths and content recommendations. Market share data is not publicly available, but Percipio is a major player in the corporate learning market. Competitors include Coursera, Pluralsight, and Udemy Business.
• SumTotal: A human capital management (HCM) system acquired by Skillsoft, offering learning management, talent management, and workforce management capabilities. Market share data is not publicly available. Competitors include Workday, Oracle, and SAP SuccessFactors.
• Global Knowledge: Tech and dev skills training, bootcamps, certifications, and hands-on labs. Competitors include Pluralsight, A Cloud Guru, and Linux Academy (now part of A Cloud Guru).

Industry Overview

The corporate learning market is growing rapidly, driven by the need for upskilling and reskilling in a rapidly changing business environment. The shift to digital learning is accelerating this growth.

Positioning

Skillsoft is positioned as a comprehensive provider of digital learning solutions, offering a wide range of content, technology, and services. Its competitive advantage lies in its large content library and its integrated platform.

Total Addressable Market (TAM)

The global corporate training market is estimated to be worth hundreds of billions of dollars. Skillsoft is positioned to capture a portion of this market through its comprehensive learning solutions.

Key Competitors

• COUR
• PLUR
• LYNX

Competitive Landscape

Skillsoft faces intense competition from both established players and newer, more agile companies. It needs to continue to innovate and differentiate itself to maintain its market position.

Global Knowledge

• Year: 2021
• Acquisition Price (USD millions): 210
• Strategic Rationale: Expanded Skillsoft's technical skills and developer training capabilities.

Historical Growth: Skillsoft's historical growth has been a mix of organic growth and growth through acquisitions.

Future Projections: Future growth is expected to be driven by the continued demand for digital learning and Skillsoft's ability to innovate and expand its product offerings. Analyst estimates are not available since going private.

Recent Initiatives: Focus on integrating acquisitions, improving the Percipio platform, and expanding into new markets.

Skillsoft is a major player in the corporate digital learning market with a strong content library and integrated platform. However, it faces challenges related to debt and competition. Its future success depends on its ability to innovate, integrate acquisitions, and capitalize on the growing demand for digital learning.

Data Sources:

• Company Website
• Industry Reports
• Past SEC Filings (prior to going private)
• Market Research Reports

Disclaimers:

This analysis is based on publicly available information and should not be considered financial advice. Market share data is estimated due to limited public information regarding private company performance. The AI-based rating is subjective and should be used for informational purposes only.