(30 Jun 2021) Skillsoft Corp. (NYSE: SKIL) (“Skillsoft” or the “Company”), a global leader in corporate digital learning, today announced it has acquired Pluma, Inc. (“Pluma”), a leading digital professional development and executive-quality coaching platform, for approximately $22 million in cash. The acquisition deepens Skillsoft’s Leadership Development portfolio, adds a new modality to its blended learning model, and marks the Company’s entry into individualized coaching.
Personalized coaching is an area of growing global demand as organizations seek to foster critical leadership competencies while adapting to the rapidly changing ways their leaders work, learn, and grow in the digital economy. The International Coaching Federation estimates that the number of leadership coach practitioners increased by 33% globally between 2015 and 2019, with the number of leaders using coaches rising by 46%.
Pluma’s responsive SaaS solution accelerates the professional growth and development of leaders through personalized introspective coaching, assessments, and action plans designed to drive behavioral change. The experience is delivered via in-app messaging and video sessions, tailored to meet the specific needs of an organization while driving engagement, enablement, and measurable improvement. Pluma’s global network comprises hundreds of executive coaches across six continents speaking more than 20 languages. Pluma will be integrated into Skillsoft’s AI-driven, immersive Percipio platform, and the Company’s existing customers will gain access to Pluma’s highly skilled coaches and their expertise.
The press release in full can be found here.