Skillsoft Corp. (NYSE: SKILW)

Skillsoft Corp. provides a skills management platform and associated learning solutions that help organizations manage the human and artificial intelligence skills lifecycle. The platform offers visibility into existing skills and needed skills closes skills gaps matches skills to work and measures how skills development affects business performance. It combines proprietary training content across leadership business technology and compliance subjects with licensed and customer created content. The platform also includes skills measurement tools analytics and administrative controls that enable organizations to deliver manage and measure workforce development programs at scale.

Skillsoft Corp. generates revenue primarily through subscription agreements for its Talent Development Solutions segment which provides access to the Skills Management Platform and the Learner Platform. It also earns revenue from its Global Knowledge segment which delivers instructor led training both in person and virtually. Subscription contracts are typically multi year and priced based on the number of users and the scope of products selected. Instructor led training is sold via individual course fees or package agreements.

The company operates through the following segments Talent Development Solutions (TDS) and Global Knowledge (GK).

• The Talent Development Solutions segment consists of the Skills Management Platform which offers subscription based access to multi modal learning offerings and related platform capabilities and the Learner Platform which provides interactive practice based technology skill development experiences for individual learners. The Skills Management Platform serves over 3000 customers and 42 million employees worldwide while the Learner Platform serves approximately 59 million registered learners globally. Customers may also purchase additional capabilities such as content creation tools and skills benchmarking tools.

• The Global Knowledge segment delivers instructor led training both in person and virtually. It is the live learning partner of choice for 75% of the Fortune 100 corporations and offers vendor authored and certified courses from leading technology vendors along with leadership and management content. GK maintains longstanding partnerships with major technology companies and certification authorities to provide accredited and certification aligned programs.

Skillsoft Corp. competes in the markets for digital learning enterprise learning platforms and skills and workforce intelligence solutions. Its competitive advantages include a broad and high quality content library diverse learning modalities deep skills intelligence and measurement capabilities AI enabled platform features strong integration and interoperability scalability data security and a reputation for credibility and industry experience. Primary competitors include other digital learning content providers enterprise learning management platforms skills and workforce intelligence vendors large software firms offering adjacent workforce or AI enabled capabilities and providers of instructor led training for vendor certified IT and professional certifications.

Skillsoft Corp. serves a diverse customer base that includes multinational corporations public sector organizations and individual learners. Specific customers are not named in the filing but the company reports that its Skills Management Platform serves over 3000 customers and 42 million employees worldwide and its Learner Platform has approximately 59 million registered learners globally. The Global Knowledge segment notes that it is the live learning partner of choice for 75% of the Fortune 100 corporations.