A little over a month ago we announced our intent to acquire SumTotal Systems, a move that allows us to offer better solutions for managing, developing and expanding workforce talent. We’re happy to announce that the acquisition is complete, bringing together our industry-leading learning solutions and SumTotal’s premier offerings in learning, talent and workforce management. Together, we will offer a comprehensive learning-centric Talent Expansion solution for our customers.
With this move, we are preparing for the Learning Age – a fundamental shift in the way training and learning solutions will be delivered and consumed. This shift is being driven by the projected global shortage of millions of skilled workers by the year 2020, which will move us from the Information Age to the next era that focuses on developing employees to their fullest potential through learning. Through this acquisition, we will be in a unique position to ignite the learning solutions of the future, one that will enable organizations to better manage human capital as the market continues to evolve.
SumTotal will operate as a strategic business unit within Skillsoft, adding a new dimension to our robust collection of resources and content for learning and development professionals. Together, we will offer a comprehensive, content-rich solution that brings together Skillsoft’s deep expertise in learning assets, methodologies and rich systems of engagement with SumTotal’s full suite of highly scalable, unified Talent Expansion solutions.
For more information on what we’ll look like moving forward, please visit www.skillsoft.com/future.
John Ambrose is Senior Vice President, Strategy and Corporate Development at Skillsoft. Follow John on Twitter, @JohnJAmbrose.