Skillsoft, the corporate digital learning company, is all set to become the leader in the digital learning space with the announcement of its common stock to commence trading on the New York Stock Exchange (NYSE) under the ticker symbol ‘SKIL’ today.
The Company, which focusses on helping organisations build a future-fit workforce, skilled and ready for the jobs of tomorrow, serves a blue-chip enterprise customer base that includes approximately 70 per cent of the Fortune 1000, customers in over 160 countries and more than 45 million learners globally. It offers solutions that are an advantage for the entire enterprise, enabling organisations to overcome critical skill gaps and drive demonstrable behaviour change while generating ROI at scale.
This announcement comes close on the heels of the completion of Software Luxembourg Holding SA’s merger with Churchill Capital Corp II and combination with Global Knowledge Training LLC (“Global Knowledge”) on June 11, 2021, with the combined company now operating as Skillsoft.
Together with Global Knowledge now, Skillsoft has authorised content from and training partnerships with some of the world’s most iconic technology brands, including Amazon Web Services, Cisco, Google, IBM, ITIL, Microsoft, Red Hat and VMware, among others.
Jeffery R. Tarr, CEO, Skillsoft, said, “As the new Skillsoft, we will further build on our enterprise learning solutions to help companies prepare for the future of work. Together with Global Knowledge, we will serve our customers with unmatched learning technologies and the industry’s most comprehensive suite of premium and original content – including the deepest library of technology & developer curricula – delivered on an open learning platform. With an unparalleled global reach and the financial flexibility to drive sustained organic and acquired growth, we see tremendous opportunities to expand our capabilities, solidify our leadership position and create value for our shareowners, customers, learners, team members and other stakeholders.”
Michael S. Klein, Board Director, Skillsoft and chairman and CEO of Churchill Capital Corp II, said, “The combination of Skillsoft and Global Knowledge not only provides compelling opportunities to cross-sell, upsell, and enhance customer retention, but also creates a powerful platform to drive consolidation in a rapidly growing and highly fragmented industry with a total addressable market of $28 billion.”
Skillsoft’s capabilities span next-generation, on-demand, virtual and instructor-led training, offering a blended learning model that increases learner engagement and retention and drives the mastery of new skills. The Company’s agile solutions drive business impact, demonstrable behavior-change and organisational productivity.