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Pluralsight
Pluralsight, LLC is an American privately held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. Founded in 2004 by Aaron Skonnard, Keith Brown, Fritz Onion, and Bill Williams, the company has its headquarters in Draper, Utah. As of July 2018[update], it uses more than 1,400 subject-matter experts as authors, and offers more than 7,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules.
Pluralsight was founded in 2004 as a classroom training company that involved sending an instructor to a business or training event. By 2007, the company shifted its emphasis to online video training.
In April 2018, Pluralsight filed for an initial public offering. On May 17, 2018, the company opened on the NASDAQ exchange at a $15 share price, and closed its first day of trading at $20.
The company raised $456 million from investors with a secondary public offering in March 2019.
In 2020, Pluralsight had 18,000 corporate clients which includes 70% of Fortune 500 companies.
In December 2020, Pluralsight announced it would be acquired by private equity firm Vista Equity Partners for $3.5 billion. Regulatory approval is expected in the first half of 2021, and Pluralsight would no longer be publicly traded.
In April 2021, Vista Equity Partners successfully completed its acquisition of Pluralsight for $22.50 per share.
In May 2024, Vista Equity Partners announced they had written off the entire value of Pluralsight. That July, the company announced that it would move its headquarters from Draper, Utah to Westlake, a Dallas suburb in North Texas, and reduce its workforce by 17%. In August, lenders, led by Blue Owl and Ares Management, took full ownership of Pluralsight, erasing Vista Equity Partners' shareholdings.
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Pluralsight
Pluralsight, LLC is an American privately held online education company that offers a variety of video training courses for software developers, IT administrators, and creative professionals through its website. Founded in 2004 by Aaron Skonnard, Keith Brown, Fritz Onion, and Bill Williams, the company has its headquarters in Draper, Utah. As of July 2018[update], it uses more than 1,400 subject-matter experts as authors, and offers more than 7,000 courses in its catalog. Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules.
Pluralsight was founded in 2004 as a classroom training company that involved sending an instructor to a business or training event. By 2007, the company shifted its emphasis to online video training.
In April 2018, Pluralsight filed for an initial public offering. On May 17, 2018, the company opened on the NASDAQ exchange at a $15 share price, and closed its first day of trading at $20.
The company raised $456 million from investors with a secondary public offering in March 2019.
In 2020, Pluralsight had 18,000 corporate clients which includes 70% of Fortune 500 companies.
In December 2020, Pluralsight announced it would be acquired by private equity firm Vista Equity Partners for $3.5 billion. Regulatory approval is expected in the first half of 2021, and Pluralsight would no longer be publicly traded.
In April 2021, Vista Equity Partners successfully completed its acquisition of Pluralsight for $22.50 per share.
In May 2024, Vista Equity Partners announced they had written off the entire value of Pluralsight. That July, the company announced that it would move its headquarters from Draper, Utah to Westlake, a Dallas suburb in North Texas, and reduce its workforce by 17%. In August, lenders, led by Blue Owl and Ares Management, took full ownership of Pluralsight, erasing Vista Equity Partners' shareholdings.