Pluralsight: Difference between revisions

Revision as of 00:45, 29 May 2022

Revision as of 00:46, 29 May 2022

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{{Short description|Online education company}}

{{Short description|Online education company}}'''.''' is an American privately held company that offers a variety of video training courses for , IT administrators, and through its website. Founded in 2004 by Aaron Skonnard, {{no self-redirect|Keith Brown (author)|Keith Brown}}, Fritz Onion, and Bill Williams, the has its headquarters in . {{As of|2018|July}}, 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.

{{Infobox company

| name = Pluralsight

| logo = Pluralsight Logo.svg

| logo_caption =

| type = Private

| industry = [[Software as a service|SaaS]]

| foundation = {{Start date|2004}}

| founder = {{unbulleted list|[[Aaron Skonnard]]|{{no self-redirect|Keith Brown (author)|Keith Brown}}|Fritz Onion|Bill Williams}}

| location_city = [[Draper, Utah]]

| key_people = Aaron Skonnard ([[Chief executive officer|CEO]])

| products = [[Virtual learning environment|Technology learning platform]]

| owner = [[Vista Equity Partners]]

| location_country = US

| revenue = {{Increase}} $500.2 million (2019)<ref>{{Cite web|title=Pluralsight Announces Fourth Quarter and Year End 2019 Results|url=https://investors.pluralsight.com/news-releases/news-release-details/pluralsight-announces-fourth-quarter-and-year-end-2019-results|date=12 February 2020}}</ref>

| num_employees = 1,766

| homepage = {{URL|https://www.pluralsight.com/}}

}}

'''Pluralsight, Inc.''' is an American privately held [[online education]] company that offers a variety of video training courses for [[software developers]], [[Information technology|IT administrators]], and [[creative professional]]s through its website.<ref>{{cite web | url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=225723693 | title=Pluralsight LLC: Private Company Information - Businessweek | publisher=[[Businessweek]] | access-date=2014-09-12}}</ref> Founded in 2004 by [[Aaron Skonnard]], {{no self-redirect|Keith Brown (author)|Keith Brown}}, Fritz Onion, and Bill Williams,<ref name="Perez1">{{cite web | url=https://techcrunch.com/2013/01/02/developer-training-platform-pluralsight-raises-27-5-million-from-insight-venture-partners/ | title=Developer Training Platform Pluralsight Raises $27.5 Million From Insight Venture Partners To Expand Its Online Catalog - TechCrunch | publisher=[[TechCrunch]] | author=Perez, Sarah}}</ref> the company has its headquarters in [[Farmington, Utah]]. {{As of|2018|July}}, it uses more than 1,400 [[subject-matter expert]]s as authors, and offers more than 7,000 courses in its catalog.<ref>{{Cite web|url=https://seekingalpha.com/article/4192231-pluralsight-foresight-20-20|title=Pluralsight: Foresight Is Not 20/20|date=2018-07-31|website=Seeking Alpha|language=en|access-date=2019-04-25}}</ref><ref name="Karol1">{{cite web | url=http://smallbusiness.foxbusiness.com/technology-web/2014/08/27/pluralsight-raises-135m-to-help-grow-enterprise-customer-base/ | title=Pluralsight Raises $135M to Help Grow Enterprise Customer Base - Fox Small Business Center | publisher=[[Fox Business Network]] | author=Karol, Gabrielle}}</ref><ref name=":1">{{Cite web|last=Komiya|first=Kantaro|title=Online Learning Is Booming. That Will Help Boost Pluralsight Stock, Analysts Say.|url=https://www.barrons.com/articles/online-learning-is-booming-that-will-help-boost-pluralsight-stock-analysts-say-51598282734|access-date=2020-08-31|website=www.barrons.com|language=en-US}}</ref> Since first moving its courses online in 2007, the company has expanded, developing a full enterprise platform, and adding skills assessment modules.<ref name=":0" />

==History==

[[File:Pluralsight Headquarters.jpg|thumb|250px|Former Pluralsight headquarters in Farmington, Utah]]

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.<ref name="Perez1">{{cite web |author=Perez, Sarah |title=Developer Training Platform Pluralsight Raises $27.5 Million From Insight Venture Partners To Expand Its Online Catalog - TechCrunch |url=https://techcrunch.com/2013/01/02/developer-training-platform-pluralsight-raises-27-5-million-from-insight-venture-partners/ |publisher=[[TechCrunch]]}}</ref>

Since 2011, the company has seen rapid growth. It has been named to the [[Inc. 5000]] list of fastest growing private companies, ranking as the #9 Top Education company and the #19 Top Utah company.<ref>{{cite web | url=http://www.inc.com/profile/pluralsight | title=Pluralsight - Layton, Ut | publisher=[[Inc. (magazine)|Inc.]] | access-date=2014-09-12}}</ref> In October 2017, Pluralsight was named #29 on MountainWest Capital Network's Utah 100 list.<ref>{{Cite news|url=http://www.mwcn.org/utah-100/|title=Utah 100|work=Mountain West Capital Network|access-date=2017-10-13|language=en-US}}</ref> In 2017, it ranked #20 on the [[Forbes]] Cloud 100 list.<ref>{{Cite news|url=https://www.forbes.com/cloud100/list/|title=Cloud 100|work=Forbes|access-date=2017-11-06|language=en}}</ref> That same year, it appeared in Great Place To Work's 2017 Best Workplaces in the small and medium-sized company category.<ref>{{Cite web|url=https://www.greatplacetowork.com/best-workplaces/smb/2017/medium-companies|title=Best Medium Workplaces 2017|website=Great Place To Work United States|language=en-gb|access-date=2017-11-06}}</ref> The following year, it ranked #9 in the category.<ref>{{Cite web|url=https://www.greatplacetowork.com/best-workplaces/smb/2018|title=Best Small & Medium Workplaces 2018|website=Great Place To Work United States|language=en-gb|access-date=2019-05-09}}</ref>

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In April 2018, Pluralsight filed for an [[initial public offering]].<ref>{{Cite news|url=http://www.businessinsider.com/pluralsight-confidentially-filed-for-ipo-2018-4|title=Pluralsight, an online learning startup for coders, has confidentially filed for an IPO|last=Peterson|first=Becky|date=2018-04-02|work=[[Business Insider]]|access-date=2018-04-02}}</ref><ref>{{Cite web|url=https://www.fastcompany.com/40553035/ed-tech-unicorn-pluralsight-just-filed-confidentially-for-an-ipo|title=Ed-Tech Unicorn Pluralsight Just Filed Confidentially For An IPO|last=Harris|first=Ainsley|date=2018-04-02|website=Fast Company|language=en-US|access-date=2019-04-25}}</ref> 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.<ref>{{Cite web|url=https://www.forbes.com/sites/alexkonrad/2018/05/17/utah-pluralsight-ipo/|title=Utah Ed Tech Leader Pluralsight Pops 33% In First-Day Trading, Keeping Window Open For Software IPOs|last=Konrad|first=Alex|website=Forbes|language=en|access-date=2019-04-25}}</ref><ref>{{Cite web|url=https://www.fool.com/investing/2018/12/14/the-7-best-performing-tech-ipos-of-2018.aspx|title=The 7 Best-Performing Tech IPOs of 2018 -|last=Duprey|first=Rich|date=2018-12-14|website=The Motley Fool|language=en|access-date=2019-04-25}}</ref>

In 2020, Pluralsight had 18,000 corporate clients which includes 70% of [[Fortune 500]] companies.<ref name=":1">{{Cite web |last=Komiya |first=Kantaro |title=Online Learning Is Booming. That Will Help Boost Pluralsight Stock, Analysts Say. |url=https://www.barrons.com/articles/online-learning-is-booming-that-will-help-boost-pluralsight-stock-analysts-say-51598282734 |access-date=2020-08-31 |website=www.barrons.com |language=en-US}}</ref>

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.<ref>{{Cite web|title=Vista acquires IT education platform Pluralsight for $3.5B|url=https://social.techcrunch.com/2020/12/14/vista-acquires-it-education-platform-pluralsight-for-3-5b/|access-date=2020-12-14|website=TechCrunch|language=en-US}}</ref>

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==Business model==

Through a [[subscription business model]], Pluralsight provides online professional tech training to individual and business customers.<ref name="Karol1">{{cite web |author=Karol, Gabrielle |title=Pluralsight Raises $135M to Help Grow Enterprise Customer Base - Fox Small Business Center |url=http://smallbusiness.foxbusiness.com/technology-web/2014/08/27/pluralsight-raises-135m-to-help-grow-enterprise-customer-base/ |publisher=[[Fox Business Network]]}}</ref> The company pays its course authors a [[Royalties|royalty]], based on how often their videos are viewed. In 2013, author Scott Allen became the first of its authors to earn over $1 million in royalties from his courses.<ref>{{cite web | url=http://pando.com/2013/07/08/lessons-from-the-first-millionaire-online-teacher/ | title=Lessons from the first millionaire online teacher | publisher=PandoDaily | date=2013-07-08 | author=Lacy, Sarah}}</ref>

The company also offers a complete [[Software as a service|SaaS]] platform for its enterprise users.<ref>{{Cite news|url=https://www.computerworlduk.com/it-vendors/how-pluralsights-saas-training-platform-plans-close-skills-gap-3660159/|title=How Pluralsight's SaaS Training Platform Plans To Close The Skills Gap|last=Carey|first=Scott|work=ComputerworldUK|access-date=2017-10-20|language=en-GB}}</ref>