Welcome to our dedicated page for Skillsoft news (Ticker: SKIL), a resource for investors and traders seeking the latest updates and insights on Skillsoft stock.
Skillsoft Corp. (NYSE: SKIL) is a software and information company focused on AI-native skills management and corporate digital learning. News about Skillsoft often centers on how the company’s platform and strategy help organizations address widening skills gaps, support workforce transformation, and align learning with business performance in a human + AI era.
Investors and learners following SKIL news can expect updates on the Skillsoft Percipio Platform, which the company describes as an AI-native skills intelligence platform that unifies learning, real-time skills intelligence, and workforce insights. Announcements may highlight new AI capabilities, such as AI-powered content creation tools, skills intelligence features, and interactive learning experiences that connect skill development to measurable business outcomes.
Skillsoft news also covers segment performance and strategic decisions related to its Talent Development Solutions (TDS) and Global Knowledge (GK) segments. Earnings releases and Form 8-K filings provide information on revenue trends, adjusted EBITDA, and the company’s transformation strategy, including reviews of strategic alternatives for the GK instructor-led training business and cost structure initiatives.
Another key theme in SKIL news is partnerships and ecosystem expansion. Recent announcements include a strategic partnership with edX to bring university-led courses directly into the Skillsoft platform, recognition of Skillsoft Global Knowledge as an AWS EMEA Training Partner of the Year, and the availability of Skillsoft’s AI-powered platform in AWS Marketplace. News may also feature research findings from Skillsoft’s Global Skills Intelligence Survey, which examines skills gaps, talent development practices, and the impact of AI on workforce readiness.
For those tracking SKIL, this news stream provides insight into how Skillsoft evolves its AI-native platform, engages with partners, and responds to enterprise demand for leadership, technology, and compliance skills worldwide.
Skillsoft Corp. (NYSE: SKIL) has initiated marketing for refinancing a significant portion of its long-term debt, aimed at reducing interest expenses and enhancing free cash flow. This move is expected to provide increased financial flexibility for growth through acquisitions and extend maturity on obligations. In other news, Skillsoft announced a new fiscal year-end of January 31, aligning with its recent business combinations. For the first fiscal quarter ended April 30, 2021, order intake for the Skillsoft Content Business grew by 9%, indicating positive momentum and confidence in meeting fiscal 2022 guidance.
Skillsoft Corp. (NYSE: SKIL) has completed its business combination with Churchill Capital Corp II and acquired Global Knowledge as of June 11, 2021. The pro-forma balance sheet shows gross debt of $584.4 million and cash of $259.8 million post-transaction, with 133,059,021 shares of class A common stock outstanding. Skillsoft affirms its financial outlook for the fiscal year ending January 31, 2022, indicating performance aligns with previous guidance.
Skillsoft Corp. (NYSE: SKIL) announced its common stock began trading on the New York Stock Exchange following the completion of its merger with Churchill Capital Corp II and Global Knowledge on June 11, 2021. Skillsoft aims to be a leader in corporate digital learning, serving 70% of the Fortune 1000 and over 45 million learners globally. The company highlights a recurring revenue model, strong cash flow, and significant growth opportunities in the $28 billion digital learning market. A $500 million strategic equity investment from Prosus underscores investor confidence in Skillsoft’s future.
On June 11, 2021, Churchill Capital Corp II (NYSE: CCX.U) announced the successful completion of its merger with Software Luxembourg Holding S.A. and the acquisition of Albert DE Holdings Inc. (Global Knowledge). The combined entity will operate as Skillsoft Corp. and trade under the new ticker symbol SKIL starting June 14, 2021. This merger positions Skillsoft as a leading force in the digital learning sector, boasting approximately 70% of Fortune 1000 clients and over 45 million users. The merger is expected to enhance top-line growth and leverage a significantly reduced debt structure.
Churchill Capital Corp II (NYSE:CCX) announced its merger with Skillsoft and acquisition of Global Knowledge, with plans for completion in Q2 2021. The combined entity will trade under the ticker symbol 'SKIL.' Investors can access a webcast of the analyst day presentation on their websites. Churchill raised $690 million in its IPO in June 2019 and aims to enhance digital learning solutions through Skillsoft. These transactions are subject to stockholder approval and regulatory conditions, potentially impacting business performance.