Skillsoft Enters Agreement to Sell SumTotal to Cornerstone for $200 Million
Mr. Walker said, I want to thank our talented SumTotal team members for their unwavering commitment and dedication to our business.
- Mr. Walker said, I want to thank our talented SumTotal team members for their unwavering commitment and dedication to our business.
- Skillsoft and Cornerstone will work closely together to ensure a smooth transition for all of our stakeholders, including uninterrupted support for customers.
- In fiscal year 2022, on a reported basis SumTotal generated approximately $123 million in bookings and $120 million in revenue.
- Adjusted EBITDA was approximately $37 million excluding corporate allocations and approximately $25 million including corporate allocations.