KnowledgeNet Stands Out Among E-Learning Providers - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

KnowledgeNet Stands Out Among E-Learning Providers

Four-year old KnowledgeNet racked up $17.5 million in its fifth round of funding, which was led by General Motors Investment Management. The depth of KnowledgeNet's courseware library with 15,000 titles, the strength of its management team, and customers such as McDonald's and the U.S. Postal Service make the company an attractive investment option, GM Investment says.

This is GM Investment's first venture into the E-learning market. KnowledgeNet, which has approximately $80 million in total funding, says it had 70% revenue growth in the first quarter compared with the same quarter a year ago and has achieved revenue growth for 11 consecutive quarters.

That's not a bad showing in a market where companies are struggling to make a profit. E-learning vendor SmartForce called off a proposed acquisition of Centra Software earlier this year because both companies reported weak earnings. Yet some startup E-learning companies are winning over investors. Last month, 3-year-old OutStart raised $11 million in cash in a second round of funding led by General Catalyst Partners.

KnowledgeNet says it will use the new money to hire staff and invest in developing more courseware and its learning-management system.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How COVID is Changing Technology Futures
Jessica Davis, Senior Editor, Enterprise Apps,  7/23/2020
Slideshows
10 Ways AI Is Transforming Enterprise Software
Cynthia Harvey, Freelance Journalist, InformationWeek,  7/13/2020
Commentary
IT Career Paths You May Not Have Considered
Lisa Morgan, Freelance Writer,  6/30/2020
Register for InformationWeek Newsletters
Video
Current Issue
Special Report: Why Performance Testing is Crucial Today
This special report will help enterprises determine what they should expect from performance testing solutions and how to put them to work most efficiently. Get it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll