{"id":72500,"date":"2021-10-27T08:00:26","date_gmt":"2021-10-27T12:00:26","guid":{"rendered":"https:\/\/trainingindustry.com\/?post_type=articles&#038;p=72500"},"modified":"2021-12-10T17:31:32","modified_gmt":"2021-12-10T22:31:32","slug":"ma-in-corporate-training-investments-and-acquisitions-of-the-third-quarter-of-2021","status":"publish","type":"articles","link":"https:\/\/trainingindustry.com\/articles\/learning-services-and-outsourcing\/ma-in-corporate-training-investments-and-acquisitions-of-the-third-quarter-of-2021\/","title":{"rendered":"M&#038;A in Corporate Training: Investments and Acquisitions of the Third Quarter of 2021"},"author":27,"featured_media":72503,"template":"","tags":[4727,29300,27936,23626,29301],"class_list":["post-72500","articles","type-articles","status-publish","has-post-thumbnail","hentry","tag-corporate-training-market","tag-corporate-training-market-trends","tag-market-trends","tag-mergers-and-acquisitions","tag-q3-trends","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":"Sarah Gallo, CPTM ","author_image":"","author_bio":"Sarah Gallo, CPTM, is a senior editor at Training Industry, Inc., and co-host of \u201c<a href=\"https:\/\/trainingindustry.com\/training-industry-podcast\/\" target=\"_blank\" rel=\"noopener\">The Business of Learning<\/a>,\u201d the Training Industry podcast.","excerpt":"Here are the deals that took place in Q3 of 2021, many of which represent broader market trends and innovations that we expect to continue next quarter and beyond.  ","main_content":"<span data-contrast=\"auto\">Each quarter, TrainingIndustry.com provides a comprehensive round-up of the mergers, acquisitions and investments that took place in the corporate training market.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n\r\n<span data-contrast=\"auto\">With the fourth quarter upon us and the end of the year quickly approaching, let\u2019s reflect on the deals that took place last quarter, many of which represent broader market trends and innovations\u00a0that\u00a0we expect to continue next quarter and beyond.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n<h2><span data-contrast=\"auto\">Digital Skills\u00a0Development\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\r\n<span data-contrast=\"auto\">Last quarter\u2019s market activity proved that technical skills like data analytics,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/glossary\/artificial-intelligence\/\"><span data-contrast=\"none\">artificial intelligence (AI)<\/span><\/a><span data-contrast=\"auto\">,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/glossary\/machine-learning\/\"><span data-contrast=\"none\">machine learning (ML)<\/span><\/a><span data-contrast=\"auto\">\u00a0and\u00a0cloud computing remain in high-demand. This makes sense: As companies continue to embrace remote and hybrid work post-pandemic, digital skill sets are a must for making virtual work, work.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n\r\n<span data-contrast=\"auto\">Q3 deals in\u00a0digital skills development,\u00a0which falls under the information technology (IT) and technical training segment of the market, included\u00a0the following:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">QA, a leading technology skills provider in the U.K. with a growing U.S. presence,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/e-learning\/qa-completes-the-acquisition-of-circus-street\/\"><span data-contrast=\"none\">acquired Circus Street<\/span><\/a><span data-contrast=\"auto\">, a global leader in digital skills training on topics such as data analytics and e-commerce.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Blackstone\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/e-learning\/blackstone-to-acquire-majority-stake-in-simplilearn-a-leading-online-learning-platform\/\"><span data-contrast=\"none\">acquired a majority stake<\/span><\/a><span data-contrast=\"auto\">\u00a0in Simplilearn Solutions, Pvt. Ltd., an\u00a0online digital\u00a0skills training bootcamp.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Pathstream, a digital skills education\u00a0provider,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/workforce-development\/pathstream-receives-funding-from-impact-investors-citi-strada-education-network-and-new-markets-to-close-the-digital-skills-gap\/\"><span data-contrast=\"none\">secured an investment<\/span><\/a><span data-contrast=\"auto\">\u00a0from leading investors including Citi, Strada Education Network and New Markets Venture partners, with participation from existing investors.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">The India-based ed-tech platform\u00a0Edureka, which offers courses on topics like DevOps, AI and ML, and cybersecurity,\u00a0<\/span><a href=\"https:\/\/www.business-standard.com\/article\/companies\/kalpathi-ags-group-owned-veranda-acquires-edureka-for-rs-245-crore-121092400518_1.html\"><span data-contrast=\"none\">was acquired by<\/span><\/a><span data-contrast=\"auto\">\u00a0Verdana\u00a0for $33.2 million.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Product School, a product management training provider, secured a\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/it-and-technical-training\/product-school-raises-25m-to-expand-industry-shaping-training-for-product-managers\/\"><span data-contrast=\"none\">$25 million investment from<\/span><\/a><span data-contrast=\"auto\">\u00a0Leeds Illuminate, subject to regulatory approval.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>","full_width":false,"content_band":[{"acf_fc_layout":"social_callout","blockquote":"Digital skill sets are a must for making virtual work, work.\u00a0\u00a0"},{"acf_fc_layout":"content_area","wysiwyg":"<h2><span data-contrast=\"auto\">Learning Technologies\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\r\n<span data-contrast=\"auto\">The learning technologies segment of the corporate training market is always bustling with\u00a0activity, and Q3 proved no different.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n\r\n<span data-contrast=\"auto\">From interactive training\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/glossary\/simulation-training\/\"><span data-contrast=\"none\">simulations<\/span><\/a><span data-contrast=\"auto\">\u00a0to new features and integrations in\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/glossary\/learning-management-system-lms\/\"><span data-contrast=\"none\">learning management systems (LMSs)<\/span><\/a><span data-contrast=\"auto\">\u00a0and\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/glossary\/learning-experience-platform\/\"><span data-contrast=\"none\">experience platforms (LXPs)<\/span><\/a><span data-contrast=\"auto\">, here are the\u00a0learning tech deals we took note of last quarter:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Fuse Universal, a learning and knowledge platform,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/fuse-merges-intelligent-search-and-predictive-performance-support-to-unlock-knowledge-in-the-flow\/\"><span data-contrast=\"none\">announced<\/span><\/a><span data-contrast=\"auto\">\u00a0the acquisition of\u00a0PowerGuides, a performance support\u00a0platform, as well as a strategic partnership with\u00a0PureInsights, a knowledge search provider, to support the company\u2019s\u00a0new\u00a0Knowledge Intelligence Engine.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">MURAL, a provider of digital workspaces for guided enterprise-wide collaboration, closed a $50 million\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/mural-secures-50m-series-c-at-a-2b-valuation-to-expand-guided-visual-collaboration-in-the-enterprise\/\"><span data-contrast=\"none\">Series C funding round<\/span><\/a><span data-contrast=\"auto\">.\u00a0Following the company\u2019s $118\u00a0million\u00a0Series B\u00a0funding round in August 2020, the company is currently valued at over $2 billion.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Leading digital adoption solutions provider Whatfix\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/whatfix-closes-nittio-learn-acquisition-during-record-quarter-in-q2-2021\/\"><span data-contrast=\"none\">acquired\u00a0Nittio\u00a0Learn<\/span><\/a><span data-contrast=\"auto\">, a LMS, positioning Whatfix as a comprehensive digital adoption platform for organizations.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Cornerstone OnDemand, Inc., a leader in talent management software, entered in a definitive agreement\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/cornerstone-ondemand-enters-definitive-agreement-to-be-acquired-by-clearlake-capital-group-in-5-2-billion-transaction\/\"><span data-contrast=\"none\">to be acquired by<\/span><\/a><span data-contrast=\"auto\">\u00a0Clearlake Capital Group\u00a0(Clearlake).\u00a0Under the agreement,\u00a0Clearlake will acquire the outstanding shares of Cornerstone through common stock for\u00a0$57.50 per share in cash.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">Advanced Solutions International (ASI), a global provider of subscription-based products and services,\u00a0acquired learning solutions provider WBT Systems.\u00a0With the acquisition,\u00a0TopClass\u00a0LMS (WBT System\u2019s flagship platform),\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/wbt-systems-announces-acquisition-by-advanced-solutions-international\/\"><span data-contrast=\"none\">will join<\/span><\/a><span data-contrast=\"auto\">\u00a0ASI\u2019s suite of\u00a0products and services.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">GingrTech, a serious games specialist and developer of ROCKET, a business simulation game,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/gingrtech-secures-significant-investment-from-spence-co\/\"><span data-contrast=\"none\">announced a \u201csignificant investment\u201d<\/span><\/a><span data-contrast=\"auto\">\u00a0from Spence &amp; Co. to support the development\u00a0of\u00a0soon-to-be-released simulation\u00a0games.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Docebo, a\u00a0leading\u00a0learning management platform,\u00a0<\/span><a href=\"https:\/\/www.owler.com\/company\/docebo%22%20\/l%20%22fundinghistory\"><span data-contrast=\"none\">raised $100.8 million<\/span><\/a><span data-contrast=\"auto\">\u00a0in a post-IPO equity round.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Stukent, a digital courseware and training simulations provider, announced\u00a0a\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/edtech-innovator-stukent-receives-significant-growth-investment-from-tritium-partners\/\"><span data-contrast=\"none\">strategic investment<\/span><\/a><span data-contrast=\"auto\">\u00a0from\u00a0Tritum\u00a0Partners.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<span data-contrast=\"auto\">Among learning tech providers that offer\u00a0learning\u00a0solutions for frontline workers:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">YOOBIC, a mobile learning and communications platform for frontline teams, closed a $50 million\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/workforce-development\/yoobic-raises-50m-series-c-to-transform-workplace-experience-for-frontline-employees\/\"><span data-contrast=\"none\">Series C funding round<\/span><\/a><span data-contrast=\"auto\">\u00a0led by Highland Europe, with participation from existing investors.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">WorkJam, a digital workplace for companies with frontline employees, announced a\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/e-learning\/workjam-announces-35-million-growth-financing-from-silver-lake-waterman\/\"><span data-contrast=\"none\">$35 million funding round<\/span><\/a><span data-contrast=\"auto\">\u00a0from Silver Lake Waterman.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Valamis, a leader in digital learning technologies and workforce development,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/valamis-announces-acquisition-of-the-working-manager-to-redefine-internal-career-development\/\"><span data-contrast=\"none\">announced<\/span><\/a><span data-contrast=\"auto\">\u00a0the acquisition of The Working Manager, a leader in organizational performance and career mobility technologies.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h2><span data-contrast=\"auto\">Leadership Development\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\r\n<span data-contrast=\"auto\">Although Training Industry research\u00a0<\/span><a href=\"https:\/\/store.trainingindustry.com\/products\/the-state-of-the-leadership-training-market\"><span data-contrast=\"none\">found that<\/span><\/a><span data-contrast=\"auto\">\u00a0spending on leadership training decreased by 37% in 2020,\u00a0it is expected to increase by 15% by the end of 2021 and by 12.5% in 2022, as companies regain their footing (and stabilize financially) post-pandemic.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n\r\n<span data-contrast=\"auto\">Here are the deals we saw in the leadership segment of the market last quarter:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Skillsoft Corp., a global leader in corporate digital learning, enhanced its leadership development portfolio by\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/leadership\/skillsoft-acquires-pluma-to-expand-leadership-development-capabilities\/\"><span data-contrast=\"none\">acquiring Pluma, Inc<\/span><\/a><span data-contrast=\"auto\">., a digital professional development and executive coaching platform, for approximately $22 million.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Udemy, a leader in eLearning,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/leadership\/udemy-acquires-corpu-to-expand-immersive-leadership-development-capabilities\/\"><span data-contrast=\"none\">acquired\u00a0CorpU<\/span><\/a><span data-contrast=\"auto\">, an online leadership development platform.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"7\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">BetterUp, a virtual leadership coaching platform,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/leadership\/betterup-acquires-leading-emotion-ai-and-people-technology-companies-to-accelerate-growth\/\"><span data-contrast=\"none\">acquired<\/span><\/a><span data-contrast=\"auto\">\u00a0two technology software companies, Motive and Impraise.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h2><span data-contrast=\"auto\">Content Development<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\r\n<span data-contrast=\"auto\">Content development was the only segment of the corporate training market that saw an increase in spending over the past year. It also made up the majority of generated revenue among outsourcing providers, according to Training Industry\u2019s\u00a0<\/span><a href=\"https:\/\/store.trainingindustry.com\/products\/the-state-of-the-learning-services-market\"><span data-contrast=\"none\">recently released report<\/span><\/a><span data-contrast=\"auto\">, \u201cThe State of the Learning Services Market.\u201d\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n\r\n<span data-contrast=\"none\">Last quarter, deals in this popular segment\u00a0of the market\u00a0included:\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">LearnWorlds, a platform for creating and selling online courses,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/content-development\/learnworlds-secures-32m-in-growth-funding-from-insight-partners-to-help-educators-create-and-sell-online-courses-in-a-post-pandemic-world\/\"><span data-contrast=\"none\">secured<\/span><\/a><span data-contrast=\"none\">\u00a0a $32 million minority investment from Insight Partners.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Tiled, an interactive content development platform,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/content-development\/tiled-closes-13-7-million-series-a-funding-round-led-by-signal-peak-ventures\/\"><span data-contrast=\"none\">closed<\/span><\/a><span data-contrast=\"none\">\u00a0a $13.7 million Series A funding round.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Anthology, a higher education\u00a0solutions provider,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/content-development\/anthology-and-blackboard-to-merge\/\"><span data-contrast=\"none\">merged with Blackboard<\/span><\/a><span data-contrast=\"none\">, a global ed-tech software and solutions company. The combined company is set to accelerate the learner experience in both corporate and academic settings.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h2><span data-contrast=\"none\">Other Deals by Market Segment<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h2>\r\n<h3><span data-contrast=\"none\">Sales<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Mindtickle, a leader in sales readiness technology,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/sales\/mindtickle-raises-an-additional-100-million-led-by-softbank-vision-fund-2\/\"><span data-contrast=\"none\">raised<\/span><\/a><span data-contrast=\"none\">\u00a0an additional $100 million in Series E funding lead by SoftBank Vision Fund 2.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Sentinel Capital Partners\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/sales\/sentinel-capital-partners-sells-corporate-visions\/\"><span data-contrast=\"none\">announced<\/span><\/a><span data-contrast=\"none\">\u00a0the sale of Corporate Visions Inc., a leading sales and marketing enablement company in the U.S., to the Riverside Company.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"9\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Seismic, a global leader in sales enablement,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/sales\/seismic-acquires-lessonly-delivering-to-customers-the-worlds-most-powerful-comprehensive-sales-enablement-platform\/\"><span data-contrast=\"none\">acquired\u00a0Lessonly<\/span><\/a><span data-contrast=\"none\">, a training, coaching and enablement solution.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h3><span data-contrast=\"none\">eLearning\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"10\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Go1, which provides curated online learning content and tools to companies through \u201cplaylists\u201d that tap content from multiple publishers, closed a $200 million series D funding round. The company is now valued at over $1 billion, its chief executive officer and co-founder confirmed\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/e-learning\/go1-raises-200m-at-a-1b-valuation-to-boost-its-curated-enterprise-learning-platform\/\"><span data-contrast=\"none\">in the press release.<\/span><\/a><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"10\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Global eLearning innovator OpenSesame\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/e-learning\/global-elearning-innovator-opensesame-receives-50-million-strategic-growth-investment-from-jmi-equity-and-existing-investors\/\"><span data-contrast=\"none\">announced a $50 million investment<\/span><\/a><span data-contrast=\"none\">\u00a0led by JMI Equity, with participation from existing investors.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"10\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">upGrad, Asia\u2019s higher education ed-tech leader,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/e-learning\/upgrad-acquires-global-edtech-co-knowledgehut\/\"><span data-contrast=\"none\">acquired<\/span><\/a><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">KnowledgeHut, a global ed-tech company.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h3><span data-contrast=\"none\">Performance Management\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"11\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Tango, a leading workflow intelligence platform that accelerates documentation,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/performance-management\/tango-raises-5-7m-seed-round-to-launch-workflow-intelligence-platform-and-transform-documentation\/\"><span data-contrast=\"none\">raised $5.7 million<\/span><\/a><span data-contrast=\"none\">\u00a0in seed funding.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"11\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">GrowthSpace, a leader in personalized talent development,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/performance-management\/growthspace-closes-15-million-series-a-funding-round-led-by-microsofts-m12-and-vertex-ventures\/\"><span data-contrast=\"none\">secured<\/span><\/a><span data-contrast=\"none\">\u00a0a $15 million series A investment round led by M12, Microsoft\u2019s venture fund,\u00a0and Vertex Ventures.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h3><span data-contrast=\"none\">Measurement\u00a0and\u00a0Analytics\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"12\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">Eagle Point Software Corporation\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/measurement-and-analytics\/eagle-point-software-acquires-uk-based-knowledgesmart\/\"><span data-contrast=\"none\">acquired<\/span><\/a><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">KnowledgeSmart\u00a0Ltd., a company that delivers skills gap analysis and benchmarking services.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"12\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Degreed, a workforce upskilling platform,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/measurement-and-analytics\/degreed-adds-embedded-skills-and-learning-analytics-through-strategic-partnership-with-visier\/\"><span data-contrast=\"none\">announced a strategic partnership<\/span><\/a><span data-contrast=\"none\">\u00a0with\u00a0Visier, a leader in people analytics and planning.\u00a0Visier\u2019s\u00a0analytics engine will be embedded in a new, optional offering inside\u00a0Degreed\u2019s\u00a0LXP, which is set for general availability later this year.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h3><span data-contrast=\"none\">Professional Development\u00a0and Coaching\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"12\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"none\">Woman-owned tech start-up CharismaQ, a coaching and communications platform,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/content-development\/woman-owned-tech-startup-charismaq-announces-1m-in-seed-round-funding-to-invent-the-future-of-coaching-and-development-for-enterprise-organizations\/\"><span data-contrast=\"none\">announced<\/span><\/a><span data-contrast=\"none\">\u00a0a $1 million seed funding round led by West Bend Mutual Insurance.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"12\" aria-setsize=\"-1\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Bravely, an on-demand professional coaching platform,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/on-demand-coaching-platform-bravely-announces-15m-series-a-funding-round\/\"><span data-contrast=\"none\">announced<\/span><\/a><span data-contrast=\"none\">\u00a0a $15 million funding round led by Telescope Partners.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"12\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"none\">CoachHub, a leading digital coaching platform,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/learning-technologies\/coachhub-secures-80m-to-democratize-coaching\/\"><span data-contrast=\"none\">raised $80 million<\/span><\/a><span data-contrast=\"none\">\u00a0in Series B2 funding.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<h3><span data-contrast=\"none\">Compliance\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/h3>\r\n<ul>\r\n \t<li data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"13\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"none\">Limeade, an immersive\u00a0employee\u00a0well-being company,\u00a0<\/span><a href=\"https:\/\/trainingindustry.com\/press-release\/compliance\/limeade-acquires-employee-listening-leader-tinypulse\/\"><span data-contrast=\"none\">acquired TINYpulse<\/span><\/a><span data-contrast=\"none\">, a leader in employee listening software.\u00a0<\/span><span data-ccp-props=\"{&quot;134233279&quot;:true,&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span><\/li>\r\n<\/ul>\r\n<i><span data-contrast=\"none\">What are your thoughts on the training market activity we saw last quarter?\u00a0<\/span><\/i><a href=\"mailto:editor@trainingindustry.com\"><i><span data-contrast=\"none\">Let us know<\/span><\/i><\/a><i><span data-contrast=\"none\">!\u00a0<\/span><\/i><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:259}\">\u00a0<\/span>"},{"acf_fc_layout":"content_area","wysiwyg":"[hubspot type=\"form\" portal=\"47185625\" id=\"7e962f31-7bb4-497b-a425-af60588bd3a9\" version=\"v4\"]\r\n \r\n<script> $(document).ready(function() {iFrameResize({},'[data-form-id=\"7e962f31-7bb4-497b-a425-af60588bd3a9\"] iframe') }); <\/script>"}],"tice_sponsors":"","custom_dfp_keywords":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.8 (Yoast SEO 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