Skillsoft Corp, a global corporate digital learning, has announced that its common stock will commence trading on the New York Stock Exchange (NYSE) under the ticker symbol “SKIL” at the market open. This follows the completion of Software Luxembourg Holding S.A.’s merger with Churchill Capital Corp II and combination with Global Knowledge Training LLC (“Global Knowledge”) on June 11, 2021, with the combined company now operating as Skillsoft.
Skillsoft is moving forward as one of the industry’s largest and most profitable digital learning companies, focused on helping organisations build a future-fit workforce, skilled and ready for the jobs of tomorrow. The Company serves a blue-chip enterprise customer base that includes approximately 70 per cent of the Fortune 1000, customers in over 160 countries and more than 45 million learners globally. The Company’s solutions are an advantage for the entire enterprise, enabling organisations to overcome critical skill gaps and drive demonstrable behavior-change while generating ROI at scale. Skillsoft operates with an attractive business model, characterised by recurring revenue, strong free cash flow conversion, high operating leverage and low capital requirements. With a global salesforce and footprint, and a strong, deleverage balance sheet, Skillsoft is well-positioned to drive growth and value creation both organically and through acquisitions in the rapidly growing digital learning industry.
Jeffery R. Tarr, Chief Executive Officer, Skillsoft said, “As the new Skillsoft, we will further build on our enterprise learning solutions to help companies prepare for the future of work. Together with Global Knowledge, we will serve our customers with unmatched learning technologies and the industry’s most comprehensive suite of premium and original content – including the deepest library of technology and developer curricula – delivered on an open learning platform. With an unparalleled global reach and the financial flexibility to drive sustained organic and acquired growth, we see tremendous opportunities to expand our capabilities, solidify our leadership position and create value for our shareowners, customers, learners, team members and other stakeholders.”
Michael S. Klein, Board Director, Skillsoft and Chairman and CEO, Churchill Capital Corp II said, “The combination of Skillsoft and Global Knowledge not only provides compelling opportunities to cross-sell, upsell and enhance customer retention, but also creates a powerful platform to drive consolidation in a rapidly growing and highly fragmented industry with a total addressable market of US$ 28 billion. We are proud to support Skillsoft’s transition into a public company and look forward to watching its continued evolution as it capitalises on strong secular growth drivers and executes on a value-enhancing M&A strategy.”