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With other edtech stuck in freemium models, US spending on corporate training grew by 15% last year (the highest growth rate in seven years) to over $70 Billion in the US. And monetization translates to scale with corporate learning SaaS platforms going public (Cornerstone On-Demand, Healthstream) or getting acquired by IBM (Kenexa/Outstart), Oracle (Taleo/Learn.com) and SAP (SuccessFactors/Plateau) -- with each of these companies valued at nine or ten figures!
Certainly, an improving economy and the generally more liquid corporate budgets play a part in this, but are there any lessons that might be applied from corporate learning to K-12 and higher education models? And where are the shortfalls and gaps in current corporate learning solutions that could be served by new entrants or through partnership with other start-ups?
Come learn about this market and opportunities to work with local corporate learning focused ventures:
• Ethan Linkner co-founder VLinks Media and Learncore. Learncore is a learning platform focused on improving employee performance including through its unique sales force prep tool PitchIQ.
• Steve Lowenthal - head of Kineo, a Chicago-based learning and technology provider for businesses and employees named the eLearning Development Company of the Year (ELearning Awards 2013) and recently acquired by the UK organization City & Guilds.
• Marty Rosenheck - founder of Cognitive Advisors a learning strategy consultancy that has also developed TREK, a Learning Experience Manager for tracking and measuring informal and experiential learning.
• Trish Uhl - founder of Owl's Ledge, a full service consulting firm specializing in learning and performance and project management initiatives.
• Mike Kritzman - founder of Skillnet, a skill management and development platform to measure, develop and recognize employees.
The Bersin 2014 Corporate Learning Factbook can be found at: http://www.bersin.com/corporate-learning-factbook-2014