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Skillsoft announced it has completed its acquisition of Codecademy, a leading online learning platform for technical skills.
The addition of Codecademy’s innovative and popular learning platform brings scalable, interactive courses and hands-on learning to Skillsoft’s existing offering and addresses deep user needs for modern technical skills in 14 coding languages as well as cloud, cyber security and data science.
The acquisition creates substantial cross-selling opportunities and is expected to be immediately accretive to Skillsoft’s bookings and revenue growth and gross margins, according to Jeffrey Tarr, CEO of Skillsoft.
“The company expects to begin offering enterprise customers an integrated solution in the coming weeks.
“This is an exciting day for Skillsoft as we take another significant step to advance our growth strategy with the addition of one of the foremost learning platforms for tech and dev skills.
“We are delighted to welcome Codecademy’s founder and CEO Zach Sims to Skillsoft’s executive leadership team and our new Codecademy colleagues to Skillsoft,” Tarr said.
Tarr further explained that the “strong teams” are positioned to fuel continuous growth for employees and their companies through learning experiences that are deeply absorbing, while delivering exponential returns on time, effort, as well as helping organisations address critical technical skills gaps.
Codecademy’s CEO Zach Sims added that embarking on the next chapter as a part of Skillsoft means a bright future ahead with greater resources and new growth opportunities.
“We are excited to bring interactive technical learning to thousands of companies and their employees worldwide, as well as expand our product and content offerings to better serve Codecademy learners throughout their careers in technology.
“By joining forces with Skillsoft, we are in an even stronger position to advance our collective mission and empower today’s workforce – including both individuals and organisations – with the skills for tomorrow,” Sims said.
[Related: Cybermerc joins ADF cyber program]
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