Shamrock Makes Strategic Investment in Learn on Demand Systems, a Leading Provider of Virtual Labs for Technology Training
Investment will Support Expansion of Learn on Demand Systems’ Full-Service Virtual Labs Platform and Robust Technology Training Offerings
LOS ANGELES – March 23, 2021 – Shamrock Capital, a Los Angeles-based investment firm, today announced that it has made an investment in Learn on Demand Systems, a leading provider of virtual labs used to power hands-on, experiential technology training. Terms of the transaction were not disclosed.
Learn on Demand Systems provides cloud-based virtual lab environments to address a range of organizations’ information technology (IT) needs across skills validation, education, sales enablement, and customer support. The company’s offerings empower organizations to accelerate skills acquisition through scored hands-on experiences across a diverse set of topics including DevOps, cloud, security, and software development. The company has experienced record growth at a time when the IT skills gap continues to widen and upskilling technical workforces remains a top priority for many companies. This investment will be used to drive product enhancements, fuel growth with enterprise technology customers, and expand offerings.
“The education technology sector is a key focus area for Shamrock and one where we see tremendous tailwinds. Learn on Demand Systems is a pioneer in the technology training space, delivering comprehensive real-world learning environments to the world’s leading enterprise technology and IT training companies,” said Mike Wilkins, Partner at Shamrock Capital. “As many organizations continue to operate remotely, it’s more important than ever that they have virtual environments and training systems in place that enable seamless scalability and validated outcomes. We look forward to leveraging our extensive technology expertise across industries to support Learn on Demand Systems as they continue to grow.”
“The IT space is rapidly transforming, which is requiring companies to rethink how employees, partners and customers build new skills and validate existing ones,” said Corey Hynes, CEO of Learn on Demand Systems. “Shamrock Capital has a long and impressive track record of collaborating with technology companies to grow their businesses. We look forward to partnering with them during the next phase of our growth to accelerate innovation, drive transformation, and continue delivering our leading technology and services to companies around the world.”
Cooley LLP served as legal advisor to Shamrock on the transaction. Harris Williams served as financial advisor and Foley & Lardner LLP served as legal advisor to Learn on Demand Systems on the transaction.
About Learn on Demand Systems
Learn on Demand Systems, an Inc. 5000 company, empowers organizations to accelerate technology learning through hands-on experience and skills validation. Its platforms enable organizations of all sizes, including industry leaders Microsoft, AWS, Veritas, Global Knowledge, New Horizons, and Pearson VUE, to deliver hands-on challenge-based learning, learning management, performance-based testing, and badging solutions to customers, partners, and employees. Their innovative “challenge labs” are paving the way for the broad adoption of performance-based testing across the IT training and certification industry.