Consolidation is happening once more among E-learning vendors. Saba Software Inc., which makes software designed to help companies manage training, has unveiled plans to acquire Centra Software Inc., which offers online learning apps for about $60 million in a stock and cash swap.
The two say their combined software will create an end-to-end learning-management suite. Combined, they have revenue of about $100 million and more than 1,100 customers.
The Saba-Centra deal follows another big E-learning merger; SumTotal Systems Inc. said in August it would acquire Pathlore Software Corp. in a $47 million deal.
The consolidation could prove beneficial to businesses that are looking for comprehensive E-learning software from a single vendor. The E-learning market, which has had a number of ups and downs over the last several years, is on the upswing again. Companies are turning to E-learning to help handle skills development as well as training for compliance-related topics, like the Health Insurance Portability and Accountability Act and, more recently, Sarbanes-Oxley.
The Business of Going DigitalDigital business isn't about changing code; it's about changing what legacy sales, distribution, customer service, and product groups do in the new digital age. It's about bringing big data analytics, mobile, social, marketing automation, cloud computing, and the app economy together to launch new products and services. We're seeing new titles in this digital revolution, new responsibilities, new business models, and major shifts in technology spending.