M&A Deal Summary

Skillsoft Acquires Codecademy

On December 22, 2021, Skillsoft acquired education company Codecademy for 525M USD

Acquisition Highlights
  • This is Skillsoft’s 2nd transaction in the Education sector.
  • This is Skillsoft’s largest (disclosed) transaction.
  • This is Skillsoft’s 4th transaction in the United States.
  • This is Skillsoft’s 1st transaction in New York.

M&A Deal Summary
Date 2021-12-22
Target Codecademy
Sector Education
Buyer(s) Skillsoft
Deal Type Add-on Acquisition
Deal Value 525M USD

Target

Codecademy

New York, New York, United States
Codecademy is a learning platform providing technical skills to approximately 40 million registered learners in nearly every country worldwide. The platform offers interactive, self-paced courses and hands-on learning in 14 programming languages across multiple domains such as application development, data science, cloud and cybersecurity. In addition, the Codecademy platform can rapidly expand to deliver new skills at scale, making it highly adaptable to the evolving technical needs of learners and their employers.

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Buyer(S) 1

Buyer

Skillsoft

Nashua, New Hampshire, United States
Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

Skillsoft provides cloud-based learning solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. Skillsoft's customer support teams draw on a wealth of in-house experience and a comprehensive learning e-library to develop off-the-shelf and custom learning programs tailored to cost-effectively meet customer needs. Skillsoft was formed in 1998 and is based in Nashua, New Hampshire.

DEAL STATS #
Overall 5 of 5
Sector (Education) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (New York) 1 of 1
Country (United States) 4 of 4
Year (2021) 3 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 Pluma

San Francisco, California, United States

Pluma is a digital professional development and executive-quality coaching platform that offers executive-quality coaching that is personal, scalable, actionable, and measurable. Pluma was founded in 2015 and is based in San Francisco, California.

Buy $22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 SumTotal Systems

Gainesville, Florida, United States

SumTotal Systems is the HR software solution provider to deliver more than Human Capital Management with Talent Expansion, a whole new approach to discovering, developing, and unleashing the hidden potential within our customers' workforce. SumTotal Systems was founded in 1985 and is based in Gainesville, Florida.

Sell -
Mergr

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