Skillsoft + SumTotal Strengths, Domain Expertise, and Key Differentiators
Skillsoft delivers digital learning, training, and talent solutions to help organizations unleash their edge. Leveraging immersive, engaging content, Skillsoft enables organizations to unlock the potential in their best assets, their people, and build teams with the skills they need for success. Empowering 45 million learners and counting, Skillsoft democratizes learning through an intelligent learning experience and a customized, learner-centric approach to skills development with resources for Leadership Development, Business Skills, Technology and Developer, Digital Transformation, and Compliance.
Skillsoft + SumTotal Recent Developments
In June 2021, SkillSoft acquired Pluma, Inc. The acquisition deepens Skillsoft’s Leadership Development portfolio, adds a new modality to its blended learning model, and marks the Company’s entry into individualized coaching.
In October 2019 SumTotal unveiled an enriched mobile experience that enhances learning and development. Many major global enterprises across myriad industries use the SumTotal Mobile App to deliver comprehensive learning-centered talent management and support. Learners have launched millions of SumTotal mobile-optimized courses in a safe and secure way.
Whether an organization is augmenting its traditional delivery model with mobile or moving completely to mobile-only delivery, SumTotal delivers a single talent development solution spanning Talent Acquisition (which includes onboarding), Learning Management and Talent Management throughout the entire employee lifecycle.
Skillsoft + SumTotal Mergers and Acquisitions (M&A) Activities
In October 2020, Churchill Capital Corp II acquired SkillSoft. Churchill II will merge with Skillsoft in a transaction valued at approximately $1.3 billion and, following the closing of the merger, the combined company will acquire Global Knowledge for approximately $233 million, putting the total cost of the transactions at $1.5 billion. The combined company will operate as Skillsoft and will be listed on the New York Stock Exchange (the “NYSE”).
Skillsoft + SumTotal Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Skillsoft + SumTotal applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Skillsoft + SumTotal and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Skillsoft Cloud-Based Learning Solutions, SumTotal HCM customers.
Skillsoft + SumTotal Overview
Ownership: - NYSE:SKIL
Number of Employees: 2500
Functional Markets: HCM,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction and Real Estate, Consumer Packaged Goods, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil, Gas and Chemicals, Professional Services, Retail, Transportation, Utilites,
Skillsoft + SumTotal Key Enterprise and Cloud Applications
Skillsoft Cloud-Based Learning Solutions, SumTotal HCM
Skillsoft + SumTotal Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Skillsoft + SumTotal Revenue Breakdown By Type, $M:
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Skillsoft + SumTotal Enterprise Applications Revenues By Functional Markets, $M:
Skillsoft + SumTotal Enterprise Applications Revenues By Verticals, $M:
Skillsoft + SumTotal Revenues By Region, $M
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Skillsoft + SumTotal Direct vs Indirect sales
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Skillsoft + SumTotal Customers - Breakdown by Geo, Size, Vertical and Product
No. of Skillsoft + SumTotal Customers: 10000
No. of Skillsoft + SumTotal Enterprise Applications Customers: x
No. of Skillsoft + SumTotal Cloud Customers: x
No. of Skillsoft + SumTotal Cloud Subscribers: 140 million
As of January 31, 2021, SkillSoft had approximately 1,598 customers under contract for Percipio, 681 customers for Dual Deployment and 1,333 customers for solely our legacy Skillport platform. SumTotal's 6,700 customers and more than 50 million users include a range of Fortune 500 companies, and smaller, high-growth companies spanning nearly 160 countries.
A sampling of industries served includes Financial Services, Manufacturing, Government/Public Sector, Healthcare, Life Sciences/Pharmaceutical, Business & Consulting Services, and Retail.
Additional stats about SumTotal and its customers: Nearly 30 years experience in HR, Designed for global enterprises as well as small- & mid-sized companies, Average customer size of 17,000 employees, Half the Fortune 500 are customers, Deployed in 160 countries and 29 languages, 96% customer retention.
Current customers include 2 of five of the largest global manufacturers, 194 healthcare organizations, 3 of the top 5 U.S Pharmaceutical companies, 3 of 5 of the largest U.S Commercial Banks, 3 of 5 of the largest U.S. Life Insurance/Annuity companies, 3 of the 10 top Airlines in the world.
Skillsoft is trusted by thousands of the world’s leading organizations, including 65 percent of the Fortune 500.
Top industries served by Skillsoft include Financial Services, Government/Public Sector, Healthcare, and Manufacturing.
Skillsoft + SumTotal Market Opportunities, M&A and Geo Expansions
The combination of Skillsoft and Global Knowledge will create the world’s leading digital learning company with a comprehensive suite of content; customized learning journeys; accessible modalities, and an expanded course portfolio of next-generation, on-demand and virtual content for enterprise learning. At a time when digital learning has never been more relevant in driving the success of organizations, Global Knowledge adds scale to Skillsoft’s immersive and engaging, learner-centric platform with its extensive IT course portfolio and global consumer reach. Together with Global Knowledge, Skillsoft will be even better positioned to support its customers around the world as they adapt at an unprecedented pace in response to the global pandemic, growing skills gap and evolving workplace needs.
Skillsoft + SumTotal Risks and Challenges
The constant SkillSoft's revenue decline is mainly due to low customer retention, and new sales.
While Skillsoft will continue to bank on its leadership position in eLearning with an extensive library of tools, content and compliance offerings, much more work needs to be done to shore up support from a diverse installed base by delivering more relevant, user-friendly and innovative products and services.
The upcoming release of Project Artisan could be a catalyst for Skillsoft to delight its customers once again as it aims to meet and exceed user expectations regardless of their background. That's particularly important to ensure that Skillsoft's products resonate with a new generation of users accustomed to a host of learning content on Youtube and Pinterest, coupled with the need to step up its fight against apps rivals that have zeroed in on the more sticky learning tools as the key to continuous talent management and improvement.
Skillsoft + SumTotal Ecosystem, Partners, Resellers and SI
SkillSoft's Partner Program includes different types of partnerships; Solution Partners, Technology Partners, Service Partners, and Content Partners.
SumTotal's channel partners include Alight, Angus Knight, Capgemini, Cognizant, eLogos, GP Strategies, iGroup, Infosys, International Software Solutions Inc, (ISSI), LR Management Group, Metanet, Modo Solutions, Neeyamo, Netsoft, Sify, Tech Mahindra, Worldwide Training, and Xpert Learning.
SumTotal's Alliance and Services Partners include Abreon, AT Kearney, Bluewater Learning, Digital Cues, Pixentia, Providence Technology Solutions, rapidLD, and many of its channel partners who further leverage their resources in supplying service solutions for its customers.
Skillsoft + SumTotal Cloud Infrastructure Insights
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Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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