{"id":22512,"date":"2017-12-29T10:00:27","date_gmt":"2017-12-29T15:00:27","guid":{"rendered":"https:\/\/stagingweb.trainingindustry.com\/?post_type=articles&p=22512"},"modified":"2020-06-10T12:18:42","modified_gmt":"2020-06-10T16:18:42","slug":"ma-in-corporate-training-investments-and-acquisitions-of-the-fourth-quarter-of-2017","status":"publish","type":"articles","link":"https:\/\/trainingindustry.com\/articles\/learning-services-and-outsourcing\/ma-in-corporate-training-investments-and-acquisitions-of-the-fourth-quarter-of-2017\/","title":{"rendered":"M&A in Corporate Training: Investments and Acquisitions of the Fourth Quarter of 2017"},"author":27,"featured_media":22513,"template":"","tags":[1472,983,102],"class_list":["post-22512","articles","type-articles","status-publish","has-post-thumbnail","hentry","tag-ma","tag-training-companies","tag-training-suppliers","global_topic_tax-learning-services-and-outsourcing"],"acf":{"sponsored":false,"gated":false,"gated_content_type":"","file_attachment":null,"gated_content":"","form_instruction_header":"To access the full article, please fill out the form below:","pardot_html_embed":"","author_override":true,"author_name":"Taryn Oesch, CPTM","author_image":17376,"author_bio":"Taryn Oesch is an APEX Award-winning editor at Training Industry, Inc., where she manages online content.","excerpt":"Each quarter this year, we\u2019ve taken a look at some of the mergers, acquisitions and new funding for training companies. At the end of 2017, let\u2019s do the same for the last quarter.","main_content":"Each quarter this year, we\u2019ve taken a look at some of the mergers, acquisitions and new funding for training companies. At the end of 2017, let\u2019s do the same for the last quarter.\r\n\r\nCoaching Still Popular in Q4<\/strong>\r\n\r\nCoaching<\/a> was such a popular topic this year that Training Industry Magazine dedicated much of its March\/April issue<\/a> to it, and its popularity continued in the fourth quarter with several acquisitions and investments. In October, Lee Hecht Harrison acquired Mullin International, Butterfly announced a $2.4 million seed funding round for its AI-based coaching software and BTS acquired Coach in a Box. In December, HighGround acquired Yoi Corporation, which describes itself as \u201ca leader in predictive situational coaching.\u201d Mentoring<\/a> is also still an important form of employee development, and Mentorloop raised $725,000 in November for its mentoring software platform.\r\n\r\nLearning and Performance Management Technologies<\/strong>\r\n\r\nEdtech investments are not slowing down<\/a> anytime soon. The fourth quarter of 2017 saw a great deal of activity in this space. Cornerstone OnDemand announced a $300 million strategic investment from Silver Lake and LinkedIn in November and launched a new strategic plan, part of which involves \u201cleveraging its leadership position in global learning to expand its presence in e-learning content.\u201d Notably, Cornerstone OnDemand made its own investment in talent development platform startup Rallyteam as part of its $8.6 million Series A funding round this quarter.","full_width":false,"content_band":[{"acf_fc_layout":"social_callout","blockquote":"Edtech investments are not slowing down anytime soon."},{"acf_fc_layout":"content_area","wysiwyg":"Instructure, an SaaS learning and performance management tech company, acquired Practice, a video microlearning platform, in November. In December, Apprentice announced a $2.5 million funding round for its augmented reality solution<\/a> for R&D and manufacturing performance support.\r\n\r\nThis quarter also saw mergers that integrated learning and recruitment technologies, a trend discussed in the November\/December \u201cClosing Deals\u201d column<\/a> of Training Industry Magazine. In October, Kallidus, a learning and talent management company, acquired Advorto and its recruitment software, and Ascendify announced a $11 million Series A funding round for its platform, which \u201ccombines talent acquisition and talent management.\u201d The following month, ELMO, which sells a software suite for recruitment, onboarding, and training and talent management, acquired HR tech companies PeoplePulse and LiveSalary.\r\n\r\nOther tech deals this quarter included Energage\u2019s $15 million funding round for its employee engagement and measurement platform, Fuel50\u2019s $2.5 million Series A funding round for its career pathing<\/a> software, Sunlight\u2019s \u00a3500,000 seed funding round for its employee development funding platform, Glint\u2019s $20 million Series D funding round for its AI-based performance management and measurement platform, and Nudge Rewards\u2019 $5 million Series A funding round for its mobile frontline<\/a> employee engagement platform.\r\n\r\nCompliance, Health and Safety, and Wellness Training<\/strong>\r\n\r\nAlso this quarter, ArcheMedX, an e-learning platform for health care professionals, announced $2.5 million in equity financing in October. The next month, Thrive Global<\/a>, a wellness media and education company, announced a $30 million Series B funding round. In December, CallidusCloud, a cloud-based learning software company, acquired Learning Seat, an adaptive<\/a> compliance training company, for $26.4 million in cash.\r\n\r\nE-Learning Trends: Language, Gaming and the Learning Experience<\/strong>\r\n\r\nSeveral e-learning trends are noticeable in Q4 deals. Several language learning companies<\/a> saw deals this quarter; Lingo Live was included in Owl Ventures\u2019 second fund of $185 million, Fluent City had a $3 million funding round, Blue Canoe Learning announced a $1.4 million investment and Pearson sold Wall Street English. Game-based learning<\/a> continues to be popular, with mobile-first learning game platform Talented receiving an investment from Duke University\u2019s Center for Advanced Hindsight. Springboard raised $9.5 million for what it calls a \"graduate school alternative,\" an e-learning platform for millennials and businesses. Finally, VitalSource acquired Intrepid Learning at the beginning of December, demonstrating the importance<\/a> of an excellent learning experience."},{"acf_fc_layout":"social_callout","blockquote":"Several e-learning trends are noticeable in Q4 deals."},{"acf_fc_layout":"content_area","wysiwyg":"IT and Technical Training<\/strong>\r\n\r\nThis year saw the closing of several<\/a> coding bootcamps; however, this quarter, WeWork acquired Flatiron School, combining WeWork\u2019s shared workspace with Flatiron\u2019s coding bootcamp offering. Galvanize, a network of technical training campuses combining online and in-person training, raised $7 million in October.\u00a0In the increasingly important cybersecurity training field,\u00a0KnowBe4 announced a $30 million Series B funding round, and Ataata closed a $3 million Series A funding round.\r\n\r\nSales Training and Enablement<\/strong>\r\n\r\nSales enablement is growing<\/a> in popularity and importance, and Q4 deals reflect this reality. Kartesia completed an investment in Sales Performance International, Lessonly announced an $8 million Series B funding round, Stone-Goff Partners announced an investment in DSG, MindTickle announced a $27 million Series B funding round and Corel acquired ClearSlide."},{"acf_fc_layout":"social_callout","blockquote":"Sales enablement is growing in popularity and importance, and Q4 deals reflect this reality."},{"acf_fc_layout":"content_area","wysiwyg":"Other deals this quarter included the merger of Strayer Education and Capella Education, Kaplan Professional Education\u2019s acquisition of the College for Financial Planning from Apollo Education Group, Shortlist\u2019s acquisition of Spire Education, and Public Consulting Group\u2019s acquisition of Focused Management Solutions. In its fifth acquisition of 2017, GP Strategies acquired SAP SuccessFactors human capital management company Hula\u00a0Partners just before the end of the year. Read more in the press release<\/a> section of our website.\r\n\r\nRead more about mergers, acquisitions and funding for training companies this year:<\/em>\r\n