Author: IBL News

IBL News | New York

Toronto-based learning platform Docebo Inc (NASDAQ: DCBO; TSX: DCBO) announced this week its acquisition of Skillslive, an Australian educational consulting agency, for an undisclosed amount.

With this purchase, Docebo further expands its presence in the Asia-Pacific (“APAC”) region by adding expertise and commercial and professional services capabilities.

“It builds from Docebo’s strong and growing presence in North America and Europe,” said the company.

Skillslive was already a reseller with Docebo. The agency offers consultancy services around the idea of aligning pathways with professional development, competencies, compliance, certification, and accreditation.

The name of Skillslive will be changed to “Docebo ANZ.”

In 2021, as part of its expansion in the EMEA region, Docebo opened a new office in Munich, Germany.

Skillslive has been acquired by @docebo.

We’re looking forward to joining a team that has innovation at its core—and like us too, believes in growing and evolving learning experiences for forward-thinking organizations.

Follow @docebo for future updates. https://t.co/ckuzUvLg54

— Skillslive (@SkillsliveLMS) January 24, 2022

IBL News | New York

A survey from Cengage Group regarding The Great Resignation — the phenomenon that depicts why millions of workers are quitting their jobs — reveals that employees aren’t just resigning. They are reskilling with the hope they can change their career paths, move to new industries, and improve their lives.

In 2021, the number of resigners reached 38 million. Meanwhile, as of January 2022, the number of available jobs in the U.S. hovered around 10.6 million. As they struggle to fill open positions, employers are hiring workers based on skills and potential instead of degrees on a resume.

The majority of those training programs (72%) had a time-to-completion of six months or less. This time frame suggests that resigners prefer short-term courses to help them reskill and get back into the workforce quickly.

The report offers three recommendations for organizations to better support people looking to reskill:

1) Academic institutions should offer more short-term, flexible, scalable, and affordable credentialing programs.

2) Employers need to provide more access to reskilling and upskilling opportunities for career growth.

3) U.S. education and workforce systems must modernize by investing in apprenticeships, hybrid learning models, and industry partnerships.

IBL News | New York

The LMS Market size will grow from $15.8 billion in 2021 to $37.9 billion by 2026, at a growth rate (CAGR) of 19.1% during that period, according to a report from MarketsandMarkets.com.

A major factor driving this growth will be, according to this research firm, the need for more efficient and accessible tools and cloud solutions, both in the higher education and training workforce field. The modalities demanded will include distance learning, instructor-led training, blended learning, either on cloud or on-premises, in academic environments and corporate — mainly in software & technology, healthcare, retail, banking, financial services, and insurance (BFSI), manufacturing, government & defense, and telecom.

The COVID-19 pandemic has forced businesses to revive their learning and training strategies while tracking their learners’ progress and the effectiveness of their programs.

LMS vendors are constantly improving their offerings “by helping educators adapt to reducing attention spans, with more visuals and less text, more engaging themes and expressions, emphasis on virtual immersive learning, and, eventually, gamification to captivate learners.”

“Artificial Intelligence (AI) can be implemented to create an AI-based mentor who can help understand concepts, suggest courses, and provide feedback to improve student performance.”

“Other technologies, such as data analysis, analyze students’ thought processes and learning styles from their daily interactions, helps them to provide tailored courses and personalized learning experiences.”

LMS technologies will advance with the rise of 5G technology.

The report covers the following vendors: Cornerstone OnDemand (US), Blackboard (US), PowerSchool (US), Instructure (US), D2L (Canada), IBM (US), Infor (US), Adobe (US), LTG (UK), Oracle (US), SAP (Germany), Docebo (Canada), SumTotal (US), Tovuti (US), 360Learning (France), Epignosis (US), LearnUpon (Ireland), SkyPrep (Canada), Absorb (Canada), CrossKnowledge (France), Lessonly (US), Axonify (Canada), BizLibrary (US), Thinkific (Canada), iSpring (US), Blue Sky eLearn (US), Trakstar Learn (Canada), DigitalChalk (US), KMI Learning (US), and Moodle (Australia).

IBL News | New York

American Fork, Utah–based eLearning Brothers acquired Rehearsal, a video-based practice and coaching platform, for an undisclosed amount.

On the Rehearsal platform, users practice skills with their webcam, submit videos for review, and receive manager feedback or automated scoring powered by AI.

Launched in 2015, Rehearsal has customers such as Paychex, 3M, Stryker, Abbvie, and Takeda, among others., with over 500,000 users.

“Adding Rehearsal to the eLearning Brothers suite of learning technology fills an important need in our L&D offering while also allowing us to expand our footprint in sales enablement,” said Andrew Scivally, CEO for eLearning Brothers.

IBL News | New York

New York City-based collaborative learning SaaS platform 360Learning announced this month the acquisition of Looop, a leading UK LMS, with customers such as Financial Times, Klarna, Monzo, and ASOS.

360Learning said it purchased Looop for $20 million, “in a mixture of cash and shares.”

This is 360Learning‘s first acquisition after it attracted $200M funding to invest in M&A. Its stated goal is to increase penetration in the UK and help reach new audiences across Asia, North & South America, and Europe.

Founded in 2014, Looop claims to be cash flow positive, with an annual growth rate of 100% and a projected ARR of $6.5 million by the end of 2022.

It also achieves high satisfaction ratings on eLearning platforms, including Capterra (4.9/5), G2 (4.9/5), and eLearning Industry (97%).

The company says that its approach is based on harnessing the power of technology to embed learning into people’s workflows instead of taking them out of their day jobs.

IBL News | New York

Cornerstone OnDemand named software industry veteran Himanshu Palsule as CEO and member of the Board of Directors this month.

Former CEO Phil Saunders, joined Cornerstone Founder Adam Miller as senior advisor to the company.

The appointment of Himanshu Palsule — in the picture above — took place two months after Clearlake Capital Group’s $5.2 billion acquisition.

“With his deep industry knowledge, expertise in product and innovation strategy, focus on shaping new markets, and vast experience in inorganic growth acceleration, Mr. Palsule is well qualified to lead the continued growth of Cornerstone,” said the company.

Santa Monica, California-based, 20-years old Cornerstone provides HR tech solutions to 6,000 customers and 75 million users.

In a PR initiative, the company announced several recognitions it received from analyst firms.

Those accolades included its recent skill development platform, Cornerstone Xplor, a competitor to Degreed.