NASHUA, N.H., Aug. 21, 2014 — e-Learning company Skillsoft has announced a deal to buy SumTotal Systems from U.S.-based private equity firm Vista Equity Partners for an undisclosed amount.
SumTotal provides flexible, human resources solutions to 3,500 customers and 49 million users worldwide. Skillsoft officials said the acquisition will expand their solution portfolio and global reach.
Skillsoft provides electronic learning solutions to over 6,000 customers globally, including companies and governments. It uses cloud computing, which allows clients to reduce costs by ditching bulky local servers for network-based software and storage in remote data centers.
About Skillsoft
Skillsoft is a pioneer in the field of learning with a long history of innovation. Skillsoft provides cloud based learning solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. Skillsoft’s customer support teams draw on a wealth of in-house experience and a comprehensive learning e-library to develop off-the-shelf and custom learning programs tailored to cost-effectively meet customer needs. Skillsoft’s courses, books and videos have been developed by industry leading learning experts to ensure that they maximize business skills, performance, and talent development.
About SumTotal Systems
SumTotal Systems, LLC, the largest independent provider of integrated HR solutions, is increasing the performance of some of the world’s most successful organizations, including AstraZeneca, Amway and Seagate. The only HR solution provider to deliver Talent Expansion, a whole new approach to discovering, developing and unleashing hidden potential within our customers’ workforce, SumTotal delivers employee enablement solutions that help organizations become great places to work. SumTotal’s people-focused applications, available on premise and in the Cloud, enable contextual, just-in-time development designed to advance employees’ skills and knowledge. Today, more than 3,500 organizations, including several of Fortune’s “Best Places to Work,” rely on SumTotal’s on premise and cloud-based Talent Expansion applications to enable their employees.
