About Skillsoft

Skillsoft Corp. (Skillsoft), through a portfolio of quality content, provides a platform that is personalized and connected to customer needs, and a broad ecosystem of partners. Skillsoft drives continuous growth and performance for employees and their organizations by overcoming critical skill gaps, unlocking human potential, and transforming the workforce. With 150,000+ expert-led skills-building courses in modalities ranging from video and audio to instructor-led training and practice labs, Skillsoft offers inclusive options for all, from leaders to frontline workers, readers to hands-on learners. Skillsoft supports more than 70% of the Fortune 1000 with sought-after competencies: leadership and business skills, technology and developer skills, and essential safety and risk management compliance. The company leverages content modalities adaptable to different preferences, schedules, and learning styles — from books to videos, full courses to micro-learning, audiobooks to live bootcamps. Content is continuously updated with the latest insights, information, and training methods. The company’s community of 86 million learners in 150+ countries around the globe learn in more than 30 languages. As often as they need or want to, typical learners turn to Skillsoft to acquire critical job skills in the flow of work, and grow as leaders, employees, and people. The company’s transformative learning experiences are designed to help learners strengthen skills and embrace new ones so they can stay in-demand and grow. The company offers a proven track record of working with human resources (HR), talent development, and executive leadership to ensure that learning solutions are expertly developed and deployed. Skillsoft’s learning experiences fall into three categories of content: Leadership and Business Skills (L&B); Technology and Developer (Tech & Dev); and Compliance. Leadership and Business Skills Skillsoft Coaching As businesses look to retain top talent and fill the talent pipeline, building effective leaders becomes an integral part of skilling at every level, across organizations. To succeed in climate of digital transformation and hybrid workforces, businesses must prepare all employees to be leaders, not only in their roles, but also at their company. And in a world that has become rapidly virtualized, digital coaching plays a critical role throughout the employee lifecycle. As part of Skillsoft’s Leadership and Business category, the company offers Skillsoft Coaching. With coaching, companies can pair professionals at all levels, from individual contributors to C-level executives, with ICF-accredited executive-quality coaches who focus on developing behaviors and skills needed to lead successfully. The company’s 350 qualified coaches span six continents and cover more than 20 languages. At Skillsoft, the company is dedicated to driving real behavioral change. Technology and Developer Skillsoft’s integrated Tech & Dev curriculum spans multiple forms of learning, from practice labs, live instructor training, on-demand courses, and bootcamps, to certificate preparation and coding practice. The company’s hands-on coding environment is designed to build confidence quickly. Using spaced repetition principles, the company creates personalized coding practice experiences so learners can retain more, gain immediate gratification and corrective feedback. The company’s curated content is vetted by recognized tech experts and technology and partners is proven to drive on the job application. Having acquired Codecademy in fiscal 2023, the company has integrated Codecademy for Enterprise into the Skillsoft Percipio platform, providing access to an immersive, self-paced, interactive learning environment. Codecademy for Enterprise offers interactive, hands-on courses in 14 programming languages across multiple domains, such as web development and data science, including HTML & CSS, Python, JavaScript, Java, SQL, Bash/Shell, Ruby, C++, R, C#, PHP, Go, Swift, and Kotlin. Compliance Skillsoft offers Skillsoft Legal Compliance; Skillsoft Environmental, Health, and Safety Compliance; and Skillsoft Compliance Complete. Each is designed to help enable customers to execute a mature compliance training program guided by the latest best practices for employee development. Skillsoft combines a continuously updated library of customizable legal and safety compliance content with purpose-built technology and value-added services for total compliance coverage. Customers can add company-specific policy documents and non-instructional videos with self-service course configuration tools. Skillsoft Compliance offers scalability to reach a global audience, subject matter expertise, continuously added and updated content, and availability anytime, anywhere. Skillsoft Percipio Platform Skillsoft’s advanced learning platform, Percipio, which is designed to facilitate deeper learning through better experiences using the power of artificial intelligence (AI). The platform is built to be open, personal, and connected, creating a unified experience across organizations, but one that is personalized to both customer and employee needs. For example, central to the Skillsoft learning experience are microlearning videos, optimized for mobile and designed for the way people learn online. The platform offers more than 1,250 customizable Aspire Journeys, a pre-curated set of role-based and skill-based learning paths, that lead employees on their own path. With its modern, intuitive design, customers can easily configure the platform to add custom, third-party content, allowing learners to access the best of Skillsoft, their organization, and other providers. Global Knowledge - Instructor-Led Training Instructor-led training (ILT), also known as Global Knowledge, helps customers create a unique blended learning approach designed to help them reach strategic business goals. Combining digital learning content with an instructor-led course can take the mastery of a topic to a higher level. Live courses, whether delivered in-person or via digital channels: The addition of instructor-led training to the Skillsoft platform offers learners a centralized portal to register and access live courses alongside their other assignments. Professional Services At Skillsoft, the company strives to help customers unlock the full value of their skilling strategy — so they can focus on creating a future-fit workforce. The company’s Professional Services team is available for expanded engagements to help customers build and connect transformative learning experiences to their specific business needs and goals. The team combines deep expertise, implementation services, learning and development program design, and custom content development to help customers increase employee engagement, create a culture of learning and recognition, and cultivate effective leaders. Serving Customers Serving Organizations A sweeping moment of re-evaluation, spurred by the pandemic, has caused many employees to reassess their relationship to work — and to their employer. Organizations are being asked to demonstrate value in new ways, with new metrics, and for more employees. At Skillsoft, the company serves approximately 14,300 organizations. With Skillsoft, these customers don't just accelerate learning — they invest in their employees in a way that inspires them to invest their energy and time in kind. Learning with Skillsoft grows a cross-skilled, more capable, adaptive, and engaged workforce — a workforce that performs. Serving Learners The company strives to empower learners all around the world. The company’s extensive library of multimodal content combined with its advanced learning platform, Skillsoft Percipio, makes it easy to find exactly what they’re looking for now — from tech skills to power skills — and what they’ll need to know to grow, both personally and professionally. At Skillsoft, the company serves 86 million learners, either through their organization’s contractual relationship with Skillsoft or directly through Codecademy. They have access to quality content from trusted experts, career mentoring and coaching, and transformative learning experiences to help them hone and build in-demand skills, drive their own advancement, and embrace the joy of lifelong learning. Competition The company’s direct and indirect competitors include, among others: Within its Leadership and Business customer market, vendors such as LinkedIn Learning, CrossKnowledge, and Harvard ManageMentor, as well as OpenSesame. And within Skillsoft Coaching, vendors like BetterUp, EZRAx, and CoachHub. Within its Technology and Developer customer market, vendors such as Pluralsight and Udemy, as well as Safari (O’Reilly), Coursera, and Udacity; and Within its Compliance customer market, vendors such as Navex Global, as well as LRN, SAI Global, J.J. Keller, and UL-PURESafety. Strategy The key elements of the company’s strategy are to deliver transformative learning experiences that include high-quality content, a platform that is personalized and connected to customer needs, and a broad ecosystem of partners to achieve its customers’ desired business outcomes as they address critical use cases like onboarding, reskilling, leadership preparedness, turnover reduction, and succession planning; help customers proactively grow technical skills and close the skills gap through learning experiences with instructional variety to match how their tech teams learn — meeting learners where they are: whether they’re new to career, mid-stage and looking to reinforce, or redesigning their careers, looking to pivot and gain entirely new skills; simplify and standardize its end-to-end operational capabilities to drive efficiencies and enable its strategic priorities; and build a culture of leadership and learning. Marketing and Sales The Skillsoft Go To Market motion spans the entire value chain that serves the customer – Marketing, Sales, Professional Services and Customer Success – placing the client at the center of a process designed around business outcomes and value realization in the context of the customer’s business, including their industry, geography, and the mega trends and macroeconomic forces impacting them. The Skillsoft global marketing team leverages data science and marketing technology to: Strengthen the brand by leaning into the Skillsoft brand equity with the enterprise and consumer brand affinity for Codecademy. A centerpiece of the company’s brand strategy is its thought leadership series, some if which is conducted jointly with companies, such as Microsoft, Accenture and World Economic Forum, and industry-leading reports and research such as the annual Lean Into Learning, Women in Tech, and the IT Skills & Salary reports. This research has been featured in, amongst others, Forbes, PC Week, Fox Business, and Information Week. Acquire new customers through a strengthened marketing and sales acquisition model that includes interactive digital tools, free trials to Codecademy and the Percipio platform, live events and Leadercamps – particularly on timely topics, such as ESG matters like Diversity, Equity, Inclusion and Belonging - and greater investments in digital marketing. Land and expand through a sophisticated Account-based Marketing (ABM) strategy that can grow its installed base, particularly as companies recognize the full value of what it can bring to bear for them. Differentiate Skillsoft as a workforce transformation business. What the company offers is not just content or a platform experience, but a complete solution geared to helping customers solve concrete and material use cases in specific industries, where it has a natural foothold. The company’s sales organization, totaling more than 700 sellers and customer success managers, follows a customer engagement model. Seasonality The company’s business is subject to significant seasonality in bookings and billings, with the fourth quarter (year ended January 31, 2023) representing about 40% of annual volume. The company’s Content business experiences the most seasonality, with the fourth quarter representing about 50% of annual volume. The company generally recognizes revenue from subscription fees ratably over the term of the contract; thus, while its billings are seasonal, revenue recognition is not subject to significant seasonality. However, accounts receivable and deferred revenue balances as well as cash flow are impacted significantly by the company’s seasonality. Intellectual Property The company has an ongoing trademark and service mark registration program pursuant to which it registers its brand names and product names, taglines, and logos in the United States and other countries to the extent it deems appropriate.