Corporate digital learning company Skillsoft Corp has acquired Pluma, a digital professional development and coaching platform, for approximately $22 million in cash.
The acquisition marks Skillsoft’s entry into individualised coaching.
Pluma states that it offering is delivered via in-app messaging and video sessions, tailored to meet the specific needs of an organisation. It has a global network comprising hundreds of executive coaches across six continents speaking more than 20 languages. Pluma will be integrated into Skillsoft’s Percipio platform, and the company’s existing customers will gain access to Pluma’s coaches.
Skillsoft’s chief executive Jeffery R Tarr said: “We are committed to accelerating our growth by acquiring businesses with comprehensive, industry-leading content and solutions that will benefit our current and future customers. The shift from classroom to digital and blended learning has continued to increase demand for personalised virtual coaching to help companies address leadership blind spots and develop talent. Pluma’s solution quickly addresses gaps and achieves meaningful, quantifiable improvement with a highly scalable model.”
Alexandra Connell, Pluma’s co-founder and chief executive, added: “With its award-winning Percipio platform and global enterprise customer base serving approximately 70% of the Fortune 1000, Skillsoft is the ideal partner for Pluma. Combined, we will make leadership development far more accessible by moving one-on-one leadership coaching beyond the executive levels to managers and individual contributors within companies. We believe that our customers will also benefit from Skillsoft’s blended learning model and industry-leading content, and we look forward to accelerating our vision for the future of leadership development together with Skillsoft.”
In June last year, Skillsoft voluntarily filed for Chapter 11 bankruptcy protection in the US, and announced in August that it had emerged from bankruptcy. During the court-supervised process the company was able to reduce its debt by $1.5 billion. Last month, the company was acquired by Churchill Capital and merged with Global Knowledge.
Skillsoft is based in Nashua, New Hampshire; Pluma is headquartered in San Francisco.
Date published: 6 July 2021