Skillsoft Acquires Pluma to Expand Leadership Development Capabilities
@Skillsoft, a global leader in corporate digital learning, today announced it has acquired @Pluma_inc, a leading digital professional development and executive-quality coaching platform, for approximately $22 million in cash.
Plumaās Innovative, Scalable Platform Enables Organisations to Build the Next Generation of Leaders with Personalised Coaching.
The acquisition deepens Skillsoftās Leadership Development portfolio, adds a new modality to its blended learning model, and marks the Companyās entry into individualised coaching.
Personalised coaching is an area of growing global demand as organisations 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%.
Plumaās responsive SaaS solution accelerates the professional growth and development of leaders through personalised introspective coaching, assessments, and action plans designed to drive behavioural change.
The experience is delivered via in-app messaging and video sessions, tailored to meet the specific needs of an organisation while driving engagement, enablement, and measurable improvement. Plumaās global network comprises hundreds of executive coaches across six continents speaking more than 20 languages. Pluma will be integrated into Skillsoftās AI-driven, immersive Percipio platform, and the Companyās existing customers will gain access to Plumaās highly skilled coaches and their expertise.
āWe are committed to accelerating our growth by acquiring businesses with comprehensive, industry-leading content and solutions that will benefit our current and future customers,ā said Jeffery R. Tarr, Chief Executive Officer of Skillsoft.
āThe shift from classroom to digital and blended learning has continued to increase demand for personalised virtual coaching to help companies address leadership blind spots and develop talent. Plumaās solution quickly addresses gaps and achieves meaningful, quantifiable improvement with a highly scalable model. We are excited to bring Plumaās innovative solution to our customers around the world.ā
Alexandra Connell, Plumaās Co-Founder and CEO, said,
āWith its award-winning Percipio platform and global enterprise customer base serving approximately 70% of the Fortune 1000, Skillsoft is the ideal partner for Pluma. Combined, we will make leadership development far more accessible by moving one-on-one leadership coaching beyond the executive levels to managers and individual contributors within companies. We believe that our customers will also benefit from Skillsoftās blended learning model and industry-leading content, and we look forward to accelerating our vision for the future of leadership development together with Skillsoft.ā
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