Skillsoft Completes Sale of Global Knowledge Business

With the transaction complete, Skillsoft has a simplified portfolio focused entirely on its AI-native skills management platform.

"The companies that win in the next decade will be the ones that can see, build, and prove workforce capability in real time, managing skills as a supply chain that flexes with the business," said Ron Hovsepian, Chief Executive Officer of Skillsoft. "The Skillsoft platform allows them to do exactly that. This transaction removes a layer of complexity so we can put all our resources behind our platform, strengthening our ability to help organizations manage their skills as quickly as their businesses change. Our partnership with Global Knowledge means customers continue to have access to the instructor-led training they value."

"Global Knowledge’s success has always come down to our people: the instructors, partners, and teams who help organizations turn technology investment into real capability," said Darren Bance, Chief Executive Officer of Global Knowledge. "As an independent business with Enduring Ventures, we have a clear and exciting path ahead. Our customers are navigating the most significant workforce transformation in a generation — driven by AI and cybersecurity — and independence positions us to serve them with the focus, speed, and tailored solutions this market now requires."

The sale of Global Knowledge follows the previously disclosed strategic assessment of the business. Pursuant to the Sale and Purchase Agreement announced on May 20, 2026, Skillsoft received initial consideration of approximately $5.4 million in the form of a seller note (after the application of agreed adjustments based on the estimated working capital, including cash, and indebtedness of the Global Knowledge Business), which amount is subject to further adjustment as set forth in the agreement. Skillsoft will also be entitled to deferred consideration in an aggregate amount of $10.0 million, less approximately $2.0 million, related to long-term employee liabilities.