The consolidation in the learning marketplace continues with the acquisition by SkillSoft Limited of elearning provider MindLeaders, one of its major competitors, for an as yet undisclosed sum. The deal is expected to close during the week of 24 September 2012.
The move follows Skillsoft’s previous acquisitions of ElementK and 50 Lessons in 2011, and a string of other purchases including Books24x7, Thomson NetG, and other smaller content providers in recent years. The addition of MindLeaders capabilities is viewed as a way of strengthening SkillSoft’s ability to expand its compliance-related business both in the United States and the UK.
“We see compliance-related learning as a growth opportunity for SkillSoft. Currently, we are serving legal compliance and ES&H compliance needs of many our corporate customers, and our success has encouraged us to explore ways to accelerate this part of our business,” said Jerry Nine, Chief Operating Officer of Skillsoft. “MindLeaders’ learning content for food safety and adult care will immediately bring a wider range of compliance solutions to the customers we serve in the United States and United Kingdom. We are also excited about the potential to expand these compliance solutions to serve additional global markets in the future.”
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