Skillsoft Corp. reports developments in AI-native skills management, enterprise digital learning, and workforce training. Company updates focus on the Skillsoft Percipio platform, AI learning and skills-validation activity, CAISY simulator adoption, and learning programs across leadership, technology, compliance, and IT training services.
Recurring news also covers Talent Development Solutions results, fiscal earnings, analyst and market-recognition reports for digital learning, board governance changes, and NYSE continued-listing compliance disclosures. The company describes its platform as unifying learning, real-time skills intelligence, and workforce insights for enterprises building human and AI capabilities.
Skillsoft (NYSE: SKIL) has announced its annual Global Knowledge 15 Top-Paying Certifications List, highlighting in-demand skills and associated average salaries. Cybersecurity and cloud certifications dominate the list, both crucial for risk management in organizations. Data shows 76% of IT decision-makers face skills gaps, impacting recruitment and productivity. The list, based on a survey of over 3,700 IT professionals, indicates that the highest salaries exceed $150,000, with ITIL® Foundation being the most held certification. Skillsoft aims to bridge the global skills gap through targeted learning solutions.
Skillsoft Corp. (NYSE: SKIL) appointed Gary W. Ferrera as Chief Financial Officer and Eric Boyer as Senior Vice President of Investor Relations, effective September 20, 2021, and in Q4 2021, respectively. Ferrera, a seasoned finance executive with 30 years of experience, previously served as CFO of Cardtronics. Boyer brings nearly 20 years of IR experience from IHS Markit. Both appointments aim to strengthen Skillsoft's leadership in digital learning and enhance shareholder engagement. Skillsoft serves 70% of the Fortune 1000 and operates in over 160 countries.
Skillsoft Corp. (NYSE: SKIL) has successfully completed a $480 million debt refinancing, reducing its long-term debt by $130 million. The refinancing includes a new senior secured term loan B facility with an interest rate reduction of 300 basis points and an extension of maturity from 2025 to 2028. This move will decrease annual interest payments by approximately $25 million, enhancing Skillsoft's financial flexibility and free cash flow for growth initiatives. The company now holds $480 million in long-term debt.
Skillsoft Corp. (NYSE: SKIL) has acquired Pluma, Inc. for approximately $22 million in cash. This acquisition enhances Skillsoft's leadership development portfolio and introduces individualized coaching. Pluma's platform focuses on personalized coaching solutions, addressing the growing demand for leadership development in a digital economy. With a global network of executive coaches, Pluma will be integrated into Skillsoft's Percipio platform, expanding access to coaching for a wider audience. Skillsoft aims to utilize this acquisition to accelerate growth and improve client engagement.
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.