Earlier this month, SkillSoft
SkillSoft develops eLearning software for topics such as leadership, regulatory compliance, and IT skills. Some of its customers include Yahoo!
On Friday, SkillSoft reported that Q1 revenue increased 5% to $57.1 million and net income rose 85% to $7.5 million, or $0.07 per share. There was traction from its $4.5 million acquisition of Leadership Development Channel in February. There was also a nice $900,000 increase in billings.
The Leadership Development Channel division has a library of more than 450 videos from CEOs and management gurus like Stephen Covey, Tom Peters, and Ken Blanchard. The content is even available on Apple's iPod and Research In Motion's
The deal for NETg also has lots of promise. SkillSoft has picked up more than 1,000 course titles and now has a customer base in excess of 3,000 organizations. Both companies also use a subscription-based revenue model. Yet there are big integration challenges. SkillSoft expects to cut about 400 employees, get rid of some low-margin divisions, and integrate disparate technology platforms.
In the highly competitive world of enterprise software, it's tough to grow operations. As seen with companies like Oracle
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