Learn.com®, the leader in cloud delivered workforce development and productivity, today announced that the company's business performance shattered historical records in 2009. The company not only has signed a record number of new clients but the year to date through Q3 2009 has been the best sales bookings period in company history. More importantly, Learn.com was able to achieve this impressive growth while still maintaining positive net income and cash flow on a GAAP basis, an uncommon accomplishment in the Learning and Talent Management space. This strong performance across every metric underscores the value Learn.com brings to its clients and validates Learn.com's best-in-class platform and pure cloud computing business model.
"During the most challenging economic period of the past 80 years, Learn.com was able to accelerate its growth by continuing to demonstrate its significant and unparalleled value proposition to new clients. Learn.com has always been the most innovative company in our space and once again we were pioneers by launching our Guaranteed ROI pledge to our clients. More and more clients were able to prove the many facets of hard and soft dollar savings and ROI using Learn.com. The results are irrefutable - training is how organizations realize excellence in execution. One watershed study points to firms’ investment in training as being the single most powerful predictor of stock price. Our unyielding dedication to client success and satisfaction using Learn.com products and people has paid dividends for our clients and in return, for Learn.com. While most of our competitors were downsizing this year, Learn.com added 25% more in net new headcount, and we are continuing to increase our employee base to maintain our peerless service to our clients. Even more satisfying than our great results is the positive impact Learn.com has had for our clients,” said Jim Riley, Chief Executive Officer at Learn.com.
Beyond deepening current strategic partnerships with some of the world’s biggest names new relationships were forged with Taleo (Nasdaq:TLEO), The Hackett Group (Nasdaq:HCKT) and others. These relationships further demonstrate that Learn.com improves business results and adds significant value to our partners’ ecosystems. These well planned partnerships allow Learn.com to penetrate new channels as well as provide Learn.com clients a one-stop-shop for pre-hire to retire® solutions, with unmatched value, depth of functionality and ease of use.
"Our latest research shows that employee development is one of the most vital elements in a high-performing organization today," said Josh Bersin, CEO of Bersin & Associates, a leading industry research and advisory services firm. "Taleo’s partnership with Learn.com now enables the company to offer a complete solution for corporate learning management."
The relationship with Taleo brings together the unequivocal market leaders in our respective categories to provide the only pre-hire to retire unified talent management platform with a global footprint and world class capabilities and flexibility.
Another milestone was Learn.com’s launching of the World Wide Content Exchange and the Learn.com Personal Edition (my.Learn.com) which has over 30 structured job profiles with skills and curricula mapped to assist the US workforce in skill retraining in an unprecedented time of skill shift in the US Economy. Now any person in the world can access over 30,000 web based courses, live on line courses, college degree programs, accredited courseware for the Healthcare and manufacturing sector as well as course authoring and sharing.
Other YTD 2009 Accomplishments
• Again voted the best Enterprise Learning Management (LMS) system by the 50,000 readers of ELearning! Magazine (3rd Consecutive Year)
• Voted best Talent Management System by the 50,000 readers of ELearning! Magazine
• Over 95% Client Renewal Rates
• Opened and staffed an office in London, UK
• Announced Planned Cloud Computing Center in Amsterdam to supportEMEA clients
• Enhanced the Learn.com Report Exchange to enable clients to share and download free custom reports they can share across their Learn.com applications
• Invested heavily in a state-of-the-art redundant infrastructure and state-of-the-art SAS 70 facility for its Cloud Computing clients - more speed, power and redundancy
• Added 224,000 subscribers with just one new client.
Learn.com also added and expanded relationships with Enterprise clients such as: Pete’s Coffee, Sykes Enterprises, CKE Enterprises, Vermeer Corporation, Smith & Nephew, Intuit, Verigy, Orica USA, St. Jude Children’s Research, US Department of Commerce, Classic Residence by Hyatt, Cartier, Michelin North America, American Association of Critical Care Nurses, General Services Administration (GSA), Jackson Hewitt, Extra Space Storage, and hundreds of others.
Learn.com® is the worldwide leader in on-demand workforce development and productivity with more than 50 million end users around the globe. Our broad suite of Cloud Computing applications can fully automate the pre-hire to retire lifecycle within any organization. Learn.com's unwavering commitment to understanding client needs, goals and objectives allows us to partner with our clients to increase business performance. The Learn.com family of solutions includes the award-winning LearnCenter® learning and talent management suite, the WebRoom® Web conferencing suite, and the 1,000 title Learn2® online course library.
For more information please visit learn.com or call 954-233-4000
Learn.com, its logo, LearnCenter, CourseMaker Studio, Mentor and Learn2 are registered trademarks of Learn.com. All other trademarks are respectfully acknowledged.