Degreed, the innovator in professional lifelong learning chosen by one in three Fortune 50 companies, announced the acquisition of talent academy platform, Learn In, and the return of Co-founder David Blake as CEO. Blake was previously the Co-founder and CEO of Learn In.
What is the market offering of Learn In?
Learn In’s core features supplement those of the category-defining Degreed LXP (Learning Experience Platform), including a prepaid learning stipend card, a world-class skills marketplace and custom program builder, a tuition benefits manager, and dedicated coaching.
“A corporate capability academy goes beyond ‘a library of content.’ It’s a place people go to advance their job-related capabilities. It goes beyond technical and functional skills and focuses on the real business capabilities a company needs to thrive” commented global industry analyst and Chief Executive Officer of the Josh Bersin Company, Josh Bersin.
Degreed plus Learn In will unify the broader range of development options people use, spanning daily learning to long-term upskilling for individual career growth and innovation within organizations. Blake’s plans for the future of Degreed were divergent with the current direction, so an amicable decision was made that he return to the company as CEO.
Degreed thanks Dan Levin for his stewardship of the Degreed mission over the past 15 months, and is grateful for his accomplishments, including increasing client base, establishing operational rigor for scale, and expanding partner ecosystem and overall global footprint.
What were the executive thoughts on the acquisition?
“Businesses that can quickly build effective talent are the ones that will be able to deliver on strategic business goals,” commented David Blake, Co-founder and CEO of Degreed.
“Just as Degreed created the LXP market, Learn In has begun for talent academies. Now together, we have the product and technology to help our customers deliver business capabilities at scale with continued innovation in the learning and skills space,” David said.
“At BMO, our strategy is to build a digitally-enabled bank. This means we need to equip employees with the skills they need for their job, for the future of work, and as they follow their personal passions,” says Gina Jeneroux, Chief Learning Officer at BMO Financial Group.
“As Degreed and Learn In come together, it will offer a more integrated opportunity for organizations like ours to engage employees and build a broader range of skills—from curious, ‘in-the-moment’ learning through to deeper reskilling and credentials,” Gina said.