KnowledgeNet Stands Out Among E-Learning Providers - InformationWeek
IoT
IoT
News
News
6/21/2002
04:29 PM
50%
50%

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.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
How Enterprises Are Attacking the IT Security Enterprise
How Enterprises Are Attacking the IT Security Enterprise
To learn more about what organizations are doing to tackle attacks and threats we surveyed a group of 300 IT and infosec professionals to find out what their biggest IT security challenges are and what they're doing to defend against today's threats. Download the report to see what they're saying.
Register for InformationWeek Newsletters
White Papers
Current Issue
2017 State of IT Report
In today's technology-driven world, "innovation" has become a basic expectation. IT leaders are tasked with making technical magic, improving customer experience, and boosting the bottom line -- yet often without any increase to the IT budget. How are organizations striking the balance between new initiatives and cost control? Download our report to learn about the biggest challenges and how savvy IT executives are overcoming them.
Video
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.
Flash Poll