French-founded US-based corporate learning platform 360Learning has acquired French-based AI-powered skills management platform eLamp. Looking to become the ‘go-to-learning platform’ the acquisition sees 360Learning strengthen its hold on the reskilling and upskilling market. No financial details of the deal were disclosed.
In early 2022 360Learning acquired UK-based edtech Looop for $20 million shortly after it bagged a $200 million investment round co-led by Sumeru, SoftBank, and Silver Lake Waterman.
Founded in 2015 eLamp’s platform is aimed at the manufacturing and highly technical industries. Its client list includes Artelia and Bouygues Construction, and nuclear company, Naval Group - due to its expertise in the construction and engineering skills sector. 360Learning will integrate the company’s technology into its platform from day one providing skills-based capabilities 'to solve the continuous challenges facing modern businesses through upskilling and reskilling'.
“With our acquisition of eLamp, 360Learning is the first learning vendor to integrate the whole value chain of upskilling on one platform: from understanding skill gaps to designing and delivering the right training plan that optimises each employee's career evolution. Unlike lagging skill matrixes of the past, AI now does it for you in real-time. It's the biggest revolution in the history of HR tech,” says Nick Hernandez, co-founder and CEO of 360Learning.
"What's exciting with 360Learning’s acquisition is that we'll now be able to fully unlock the value of becoming a skills-based organisation – from understanding skill gaps to launching upskilling and reskilling initiatives powered by collaborative learning. It’s what our customers have been clamouring for and we’re delivering it. We need to learn new skills and we need to know what those skills are to receive the right education - it's a perfect match," says Olivier Rohou, co-founder and CEO of eLamp.
Lead image: Nick Hernandez (CEO and co-founder of 360Learning) and Olivier Rohou (CEO and co-founder of eLamp). Photo: Uncredited.
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