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Owners
Pluralsight is a video programming training service launched in 2004. By December 2020, the company employs 1,700 employees and has over 17,000 customers worldwide.
History
2020: Vista Equity Partners bought Pluralsight for $3.5 billion
In mid-December 2020, Vista Equity Partners announced the acquisition of Pluralsight for $3.5 billion. Vista will buy back shares of the video programming training service at a price of $20.26 apiece. The deal is expected to close in the first half of 2021, after which Pluralsight will become a private company.
Vista Flagship Fund Co-Head and Vista Senior Managing Director Monty Sarah noted:
 | We have made sure that demand for skilled software engineers continues to outpace supply, and we expect this trend to continue as we move towards a hybrid online offline world across all industries and interactions, with business leaders recognizing that technological innovation is critical to business success. |  |
Pluralsight CEO Aaron Skonnard sees the merger with Vista Equity Partners as a way to grow the company faster. He noted the following:
| | The global Vista ecosystem, consisting of leading enterprise software companies, provides significant resources and institutional knowledge that will open the door and drive our growth. We are very pleased that we will be able to use the Vista experience to further strengthen our leading positions in the market. | |
In an interview with TechCrunch, the CEO of Pluralsight described the company as a corporate SaaS training platform. This approach goes beyond simply offering courses, allowing professionals in a particular category, such as developers or IT professionals, to compare their skills and abilities with other professionals in that category. According to Skonnard, this type of assessment has a great difference compared to other similar decisions. The CEO added that the platform is focused on reducing the gap in technological skills around the world.
2018: Exit to the exchange
In 2018, Pluralsight entered the exchange, and before that, the company attracted a total of $190 million in investments.[1]
Notes
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