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Company Profile

Skillsoft

Skillsoft is an American educational technology company that produces learning management system software and content.

History
Skillsoft was founded by Charles Moran in 1998. Moran served as chief executive officer and President from 1998 to 2015. Skillsoft had an IPO under the stock symbol SKIL in February 2000 Skillsoft acquired Books24x7 in 2001. In 2002, Skillsoft merged with Dublin-based IT courseware company SmartForce (formerly CBT Systems), with the combined company retaining the Skillsoft name, The company acquired NETg from Thomson Corporation in 2007. On June 14, 2020, Skillsoft voluntarily filed for Chapter 11 bankruptcy protection in the United States. On August 27, 2020, Skillsoft was able to announce that it had emerged from bankruptcy. During the court-supervised process the company was able to reduce its debt by $1.5 billion US dollars. In June 2021, Skillsoft was acquired by Churchill Capital. Churchill Capital then merged with Software Luxembourg, then acquired the Global Knowledge technical training platform. The combined company would be known as Skillsoft. Leadership coaching platform Pluma was also acquired that same year. In December 2021, Skillsoft announced that it would acquire Codecademy, an online computer programming learning platform, for approximately $525 million in cash and stock. The sale was completed on April 5, 2022. In 2022, Skillsoft sold SumTotal to Cornerstone on Demand for $200 million... ==References==
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