Technology workforce development company Pluralsight is acquiring cloud skills-development platform A Cloud Guru (ACG).
The acquisition is expected to close later this year and follows Vista Equity Partners’ recent $3.5 billion acquisition of Pluralsight.
Pluralsight’s co-founder and chief executive Aaron Skonnard said: “Technology is the number one differentiator for all businesses and the technology skills of your team is what determines success or failure. Nowhere is that more apparent than with cloud technologies. To meet the needs of our customers and best support their cloud transformations, we are determined to deliver the most comprehensive solution for driving cloud maturity at scale. With the acquisition of A Cloud Guru, we can now provide an all-in-one solution to accelerate the cloud skill development journey for large enterprise customers and individual learners.”
Sam Kroonenburg, co-founder and chief executive of A Cloud Guru, added: “ACG and Pluralsight were founded to solve the same problem – closing the technology skills gap by democratising access to technical education. Within our shared missions, we’ve taken different but complementary approaches. Both approaches have proven to resonate strongly with customers who want depth and breadth in tech education. I am excited by the next phase of our mission in which, together, we will build the next-generation platform for hands-on learning across all of technology.”
William Blair & Company, was the exclusive financial advisor to Pluralsight and Vista in the transaction, with Kirkland & Ellis serving as legal counsel.
J.P. Morgan Securities was the exclusive financial advisor to A Cloud Guru and Latham & Watkins served as legal counsel.
Pluralsight is based in Farmington, Utah; A Cloud Guru is headquartered in London.
Date published: 3 June 2021