Asset Purchase Agreement Bolsters Learnit's Capabilities in Technical Upskilling; Establishes Learnit as the Premier Technical Training and Soft Skills Provider for Northern California
SAN FRANCISCO, March 3, 2020 (Newswire.com) - Learnit, a leader in instructor-led workshops and corporate training, today announced the acquisition of AcademyX – an established leader in technical upskilling.
AcademyX’s offering will bring additional breadth and depth to Learnit’s portfolio as it expands its learning and development (L&D) programming to better serve existing customers and scale into new markets. The acquisition reinforces Learnit’s positioning as a premier provider of world-class, instructor-led training, in person or virtually, to organizations and individuals.
Currently a $170 billion industry (according to Beroe, Inc.), L&D continues to grow as the pace of digital transformation accelerates and more and more organizations seek to empower their people with the skills, confidence and workplace tools required to remain competitive. The AcademyX acquisition expands Learnit’s technical training capabilities in coveted areas including data science (Python, Tableau), project management tools (Smartsheets, Jira) and the Adobe Creative Suite.
“For 25 years, Learnit has upskilled organizations of all sizes and industries as well as ambitious individuals looking to advance their careers. As our customers are working to stay at the forefront of their own digital transformations, we are expanding our suite of products and services to stay at the cutting edge of technology training,” said Damon Lembi, CEO of Learnit. “Between a strong synergy in corporate values and complementary product offerings, AcademyX is the ideal addition to the Learnit brand. We look forward to welcoming new team members and to learning from their two decades of success in the L&D space.”
As part of the acquisition, AcademyX CEO Stephen Fraga will join Learnit in an advisory capacity to support the transition of its more than 650 customers to the Learnit portfolio. In total, Learnit will now serve a customer base of more than 2,000 organizations including major brands such as Kaiser Permanente, Netflix, Oracle and Visa.
“AcademyX has been providing high-quality technical training to prepare people to thrive professionally for 20 years. Today’s modern workplace has evolved and success now also requires possessing excellent soft skills,” Fraga said. “Learnit is a clear leader in the soft skills space and partnering with them is a win-win for our customer bases. By integrating AcademyX’s portfolio, Learnit now offers the full package – a comprehensive offering unmatched in scope and quality across both technical and soft skills training.”
Organizations interested in Learnit’s suite of workshops, on-demand coursework and custom programming can learn more at learnit.com/solutions-for-organizations.