Tyton Partners acted as exclusive financial advisor to Pathgather in its sale to Degreed. The deal merges the two companies that invented the learning experience platform (LXP) category.
Founded in 2012, Pathgather has developed a learning experience platform that aggregates all content across channels and ties specific skill development to employees’ performance needs and companies’ strategic goals. Its platform unifies, tracks, and reports on informal and formal learning taking place within any organization; empowers managers, experts and learning professionals to recommend, endorse and curate content; and aligns employees with their employers to gain skills and increase employee engagement broadly.
Degreed plans to combine technologies from both companies and create a single learning platform. The combined entity will have a client base of more than 200 organization, over 4 million licensed users, and over 230 employees dedicated to simplifying learning experiences and aligning people’s skills to business goals.
Read the press release here.
HAS BEEN ACQUIRED BY
Transaction Type: Sell side M&A
Transaction Date: June, 2018