Simplilearn Americas, Inc.
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Simplilearn Americas, Inc. - overview
Established
2009
Location
San Francisco, CA, US
Primary Industry
Education/Training
About
Based in California, US, and founded in 2009, Simplilearn Americas, Inc. operates as a provider of training and professional certification courses. The firm was founded by its CEO Krishna Kumar. As of 2021, the company provides over 400 certification training courses and employs more than 2000 professionals.
In September 2016, Simplilearn Americas, Inc. raised USD 3 million in venture debt financing led by new investor InnoVen Capital and in July 2021, Blackstone agreed to acquire over 60 percent stake in the company for USD 250 million. Simplilearn Americas, Inc. provides training and educational programs on its online platform and mobile application, allowing individuals and employees of corporate companies to obtain professional certifications.
The company partners with educational institutions such as Caltech, PURDUE University, and Amazon Web Services to provide its offerings which include postgraduate programs, master's programs, and certification courses. Simplilearn also offers free courses through its SkillUp division on topics ranging from data analytics, cloud computing to business and leadership, and it provides services such as 24/7 teaching assistance and live virtual classes for its certification programs. The company generated a revenue of INR 1,490 million in the financial year of 2017-18 and has a revenue run rate of INR 3,000 million as of 2019. Upon Blackstone's acquisition, the company will develop its partnerships with businesses and universities as it continues to expand around the world.
Current Investors
Brand Capital, InnoVen Capital, Kalaari Capital
Primary Industry
Education/Training
Sub Industries
Education & Training Website, Education & Training Services, Web Applications
Website
www.simplilearn.com
Verticals
EdTech, Mobile Apps
Total Amount Raised
Subscriber access only
Simplilearn Americas, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sale to Management | Completed | Simplilearn Americas, Inc. | - |
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