Skillsoft Strengths, Domain Expertise, and Key Differentiators
Through a meticulously curated portfolio of top-tier content, a personalized platform tailored to individual customer needs, and a comprehensive network of strategic partners, Skillsoft drives sustained growth and performance for both employees and their organizations. By effectively addressing critical skill gaps, unlocking human potential, and reshaping the workforce, Skillsoft remains at the forefront of transformative learning solutions.
With a catalog boasting over 150,000 expert-led skills-building courses, spanning various modalities including video, audio, instructor-led training, and practice labs, Skillsoft offers unparalleled learning experiences tailored to a diverse audience, from executives to frontline workers, and from avid readers to hands-on learners.
Skillsoft proudly supports approximately 70% of the Fortune 1000 companies, delivering essential competencies in leadership and business skills, technology and developer proficiencies, and crucial safety and risk management compliance training. Its adaptive learning modalities cater to different preferences, schedules, and learning styles, offering a wide array of resources from traditional books to immersive videos, comprehensive courses to bite-sized micro-learning modules, audiobooks to live boot camps, and personalized coaching sessions. Moreover, its content is continuously updated to ensure it reflects the latest insights, information, and training methodologies, keeping its clients abreast of the evolving landscape of knowledge and skills.
Skillsoft Recent Developments
In April 2022, Skillsoft completed the acquisition of Codecademy, a leading online learning platform specializing in technical skills development. Widely recognized for its innovation and popularity, Codecademy serves approximately 40 million registered learners across nearly every country globally. Offering interactive, self-paced courses and immersive hands-on learning experiences, Codecademy covers a comprehensive range of in-demand technical skills, including proficiency in 14 programming languages spanning diverse domains such as application development, data science, cloud computing, and cybersecurity.
The acquisition was valued at approximately $386.0 million, comprising the issuance of 30,374,427 common shares and a net cash payment of $203.4 million. This strategic move underscores Skillsoft's commitment to enhancing its portfolio and expanding its reach within the rapidly evolving landscape of online learning and technical skill development.
Skillsoft Mergers and acquisitions (M&A) Activities
In June 2022, Skillsoft finalized a definitive agreement to divest its SumTotal business, a leading provider of learning and human capital management software tailored for highly regulated industries, to Cornerstone OnDemand, Inc. This transaction, valued at approximately $200 million in cash, allows Skillsoft to sharpen its focus on driving growth within its core business. This includes enhancing customer learning experiences through a robust portfolio of top-tier content, a personalized platform tailored to individual needs and preferences, underpinned by cutting-edge technology, and a wide-ranging network of strategic partners. This strategic move represents a pivotal step in Skillsoft's long-term vision, aimed at reinforcing its market leadership position and elevating overall company value.
Skillsoft Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Skillsoft 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 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 Percipio customers.
Skillsoft Overview
Ownership: - NYSE:SKIL
Number of Employees: 2324
Functional Market: Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communications, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Skillsoft Key Cloud and HCM Applications
Skillsoft Percipio
Skillsoft HCM and Cloud HCM Applications Revenues, $M:
Type/Year | 2022 | 2023 | YoY Growth, % |
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Total Revenues, $M | Subscribe | Subscribe | Subscribe |
HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** 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 Revenue Breakdown by Type:
Skillsoft HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2023 HCM Revenues, By HR Segment, $M | |
Skillsoft HCM Applications Revenues By Verticals, $M:
Skillsoft Total and HCM Applications Revenues by Region:
Region | % of Total Revenues | 2023 Total Revenues, $M | 2023 HCM Applications Revenues, $M |
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Americas | Subscribe | Subscribe | Subscribe |
EMEA | Subscribe | Subscribe | Subscribe |
APAC | Subscribe | Subscribe | Subscribe |
Total | Subscribe | Subscribe | Subscribe |
Skillsoft Direct vs Indirect sales
Region | Direct Sales | Indirect Sales | Total |
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Type % | Subscribe | Subscribe | Subscribe |
Revenues, $M | Subscribe | Subscribe | Subscribe |
Skillsoft Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Skillsoft Customers
No. of Skillsoft Customers: 14300
No. of Skillsoft HCM Applications Customers: x
No. of Skillsoft Cloud HCM Customers: x
No. of Skillsoft Cloud HCM Subscribers: 140 million
Skillsoft provides services to approximately 14,300 organizations. Our platform not only facilitates accelerated learning but also fosters a culture of investment in employees. This approach encourages employees to reciprocate by investing their time and energy in the organization.
Top industries served by Skillsoft include Financial Services, Government/Public Sector, Healthcare, and Manufacturing.
Skillsoft Market Opportunities, M&A and Geo Expansions
In April 2022, Skillsoft finalized its acquisition of Codecademy, a prominent online learning platform specializing in technical skills development. This strategic addition enhances Skillsoft's existing portfolio by integrating Codecademy's innovative and widely recognized learning platform. Codecademy's scalable, interactive courses and hands-on learning experiences complement Skillsoft's offerings, addressing the growing demand for modern technical skills across 14 coding languages, as well as domains such as cloud computing, cybersecurity, and data science.
Skillsoft Risks and Challenges
Since 2021, Skillsoft has undergone significant transformation with the acquisitions of Global Knowledge, Pluma, and Codecademy, along with the divestiture of SumTotal. These strategic moves have enriched Skillsoft's corporate offerings, notably in information technology and development training through Global Knowledge, individualized coaching via Pluma, and expansion into consumer-focused solutions with Codecademy.
Despite these advancements, Skillsoft's operational history as a unified entity remains relatively limited, presenting challenges in evaluating its future prospects and profitability. Like many companies in rapidly evolving industries, Skillsoft faces inherent risks and uncertainties, both historical and anticipated, associated with growth and market dynamics. Moreover, the consolidation of various entities introduces new complexities and potential vulnerabilities, necessitating prudent management and strategic planning to navigate successfully.
Skillsoft Ecosystem, Partners, Resellers and SI
Skillsoft maintains direct sales coverage across North America and the majority of Europe, with specialized teams situated in India, Australia/New Zealand, and Singapore. In regions where direct coverage may be limited, particularly in key markets such as Asia (Japan, Korea, Southeast Asia), Latin America (LATAM), and Southern Europe, including Italy, the Middle East, North Africa (MENA), and South Africa, Skillsoft leverages strategic partnerships with direct resellers and original equipment manufacturers (OEMs). These strategic alliances play a pivotal role in supporting the Small and Medium-sized Business (SMB) and consumer markets where direct coverage may not be as extensive.
Skillsoft Cloud Platform (PaaS) and Infrastructure (IaaS) Details
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- Skillsoft Public Cloud and Infrastructure (IaaS)
- Skillsoft Platform (PaaS)
- Skillsoft Application Delivery
- Skillsoft Private Cloud and Data Centers
Research Methodology
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).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
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