Skillsoft has completed the sale of its Global Knowledge business to an affiliate of Enduring Ventures. The deal sharpens Skillsoft’s focus on its AI-native skills management platform, while a strategic partnership preserves customer access to instructor-led training.



BOSTON-Skillsoft (NYSE: SKIL), a leading AI-native skills management platform, today announced that it has completed the sale of its Global Knowledge business to an affiliate of Enduring Ventures.

With the transaction complete, Skillsoft has a simplified portfolio focused entirely on its AI-native skills management platform. As AI changes which skills matter and how quickly they evolve, Skillsoft helps organizations track that shift and act on it. Skillsoft expects to maintain a strategic partnership with Global Knowledge, giving Skillsoft customers continued access to instructor-led training and Global Knowledge customers access to the Skillsoft platform, content, and skills intelligence capabilities.

“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."

"Every company right now is trying to figure out how to retrain its workforce for AI," said Zack Onisko, Managing Director at Enduring Ventures. "Global Knowledge has spent decades building the kind of expert, live training customers love, and that experience is exactly what this moment calls for. It's a great business, run by a fantastic team, and we're thrilled to be part of what comes next."

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.

About Skillsoft

Skillsoft (NYSE: SKIL) is a global leader in skills management for the human + AI era. The AI-native Skillsoft platform gives a clear view of workforce capability, closes critical skill gaps, and proves the impact of skills on business outcomes. With Skillsoft, organizations can build AI-ready teams, lower the cost and time of workforce development, and reduce execution risk as work continues to change. Thousands of organizations worldwide trust Skillsoft to power workforce readiness. Learn more at skillsoft.com.

About Enduring Ventures

Enduring Ventures is an entrepreneurial holding company. Founded in 2019, the firm buys and operates durable businesses and now owns more than 25 companies across industries, employing hundreds of people worldwide. Enduring Ventures is run by operators who have built, scaled, and sold their own companies, and it backs founders and management teams who want their businesses run with the same care and discipline that built them.