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Skillsoft – An Analyst Perspective

eLearning 24-7

A vendor who made not only poor business decisions with the likes of Percipio, but also with the monumental blunder of acquiring SumTotal. . The buy was a bad relationship in the making, one where the owner – “Skillsoft” and ownee “SumTotal” never seemed to get on track with one another.

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Acquistions – Someone had an idea

eLearning 24-7

The initial person who thought buying SumTotal was a great idea (initially it was) and then dumped it for a fortune to Skillsoft (another great idea), which in turn was someone at Skillsoft thinking this was a great idea, which turned out to be false and was a factor in Skillsoft going into bankruptcy due to the albatross known as SumTotal.

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Learning System TrailBlazers – Who’s Next?

eLearning 24-7

Skillsoft – Dominated the course/content marketplace. NetG, Element K, being just two. Skillsoft). Say what you want, but I still believe the SumTotal buy was a huge reason for the financial woes of Skillsoft, which lead to them entering then exiting Bankruptcy court, followed thereafter by acquisition from a SPAC.

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Thompson Leaves Learning Market

Tony Karrer

Not only have they just completed the sale of their NETg subsidiary to SkillSoft for $270 million , but they have also announced they are selling Higher Education assets of Thomson Learning to a couple of venture funds for $7.75

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What you need 2 know: 3rd Party Content

eLearning 24-7

Who remembers NetG? NetG, was the evil empire of the days gone past – ok, in my mind. speed with no latency issues would be acquired by NetG and shoved into the Raiders of the Ark storage facility, next to the ark itself. Back in the day, there were some big names out there. Real interactive stuff. But Office ruled. .

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Content – Change the Narrative

eLearning 24-7

Leadership, Business Skills, Safety, Compliance-related, Software, Coaching and Software skills. Top name drivers are LinkedIn Learning, Harvard Business and recently Pluralsight (which is also learning technology too). Harvard Business is you buying a brand name. Skillsoft is another brand name. What do you tend find?

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consolidation continues - BlackBoard + WebCT & more.

The Learning Circuits

Personally I like its focus on 'on-demand learning' and its Services Oriented Architecture as I think generic content is a tough business to be in. The Resulting Big Five: (forecasted annual revenue) SkillSoft $200M+ NETg $150M-200M? Plus Saba + Centra creates a US$100M revenue company which is not too shabby!

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