Dive Brief:
- Degreed has acquired Pathgather, the e-learning company recently announced. Pathgather is a self-described learning experience platform.
- The acquisition brings the Degreed team to more than 230. "Together, we're a force to be reckoned with," Degreed said; "This acquisition brings together the two real innovators in learning experience platforms — our two organizations literally created this market."
- With a new CEO at the helm, the company said it plans to expand its functionality by adding more content and resources, improving admin and reporting capacity, and continuing its investment in proprietary skill rating and certification tech. The new team also will focus on machine learning and data science, it said.
Dive Insight:
Degreed appears to be on the move: it recently announced $42 million in Series C funding, along with 100% growth annually for the past three years. A portion of the funding is slated for a new product, Degreed Skill Certification, which the company believes will be "the world's first system to both certify and rate any skill."
Last year, HR.com teamed with Degreed to provide online certification and accreditation programming for professionals in the HR space. The partnership added more than 1 million members to Degreed, it said, along with more than 5,000 learning modules. Through the programs, learners can earn certification at both the Society for Human Resource Management and the HR Certification Institute.
The company now boasts a client base that includes more than 200 organizations and 4 million licensed users, some of which are making high-profile moves in employee development. Boeing, for example, recently committed $100 million to employee learning through the platform. Boeing said it wants to improve employee digital literacy and understand the trends that will impact skilled manufacturing jobs in the future.
