New Training Partnerships and Alliances (July 2022)

The latest training industry mergers, acquisitions, partnerships, and more.

  • Cornerstone OnDemand, Inc., a leader in adaptive cloud-based HR software solutions, backed by Clearlake Capital Group, L.P., entered into a definitive agreement with Skillsoft to acquire SumTotal, a provider of learning and human capital management software-as-a-service for customers in highly regulated and complex industries.
  • Degreed, a global innovator in professional lifelong learning, acquired talent academy platform Learn In. Learn In helps companies establish internal talent academies that bring together all the resources needed for building a highly skilled workforce. Learn In’s core features supplement those of the Degreed LXP (Learning Experience Platform), including a prepaid learning stipend card, a skills marketplace and custom program builder, a tuition benefits manager, and dedicated coaching.
  • Alpine Investors, a people-driven private equity firm, launched Axcel, its newly formed professional education platform. In conjunction with the launch, Axcel announced new partnerships with SAP training provider Michael Management Corporation and IT training company Web Age Solutions. Axcel will sit within AlpineX, an Alpine-backed investment platform focused on market-leading services businesses. The partnerships with MMC and Web Age build upon AlpineX’s existing partnership with Interskill Learning, an independent supplier of online mainframe training that also will be part of Axcel.
  • MedTrainer, a leader in healthcare credentialing, training, and compliance management, has become the exclusive healthcare content partner for Absorb Software’s global learning management system (LMS). Some 500 of MedTrainer’s healthcare learning courses are available today on Absorb’s LMS platform for its customers, who comprise more than 26 million people worldwide.
  • Access Learning, part of The Access Group, a leading provider of business management software to mid-market organizations, acquired Bookboon, a self-directed soft skills content provider. Bookboon is a next-generation digital learning platform that enhances access to knowledge through a suite of exclusive eBooks, audio learning, live virtual classrooms, and online courses. It will work with the Access Talent Suite.
Lorri Freifeld is the editor/publisher of Training magazine. She writes on a number of topics, including talent management, training technology, and leadership development. She spearheads two awards programs: the Training APEX Awards and Emerging Training Leaders. A writer/editor for the last 30 years, she has held editing positions at a variety of publications and holds a Master’s degree in journalism from New York University.