EdCast Acquires Leapest, the Leading Corporate Training Marketplace with 1,600 Business Customers
EdCast, known as the operating system for the knowledge economy, announces the acquisition of Rotterdam-based Leapest. Founded in 2017, Leapest hosts three integrated training resource marketplaces on one platform, featuring over 5,000 learning products and instructors from all over the world.
The CEO and Founder of Leapest, Sukhbir Jasuja, will be joining EdCast as its Executive Vice President and Managing Director of EdCast’s Blended Learning Marketplace. In conjunction with Annee Bayeux (EdCast’s Chief Customer Officer for Europe), Jasuja will help lead EdCast’s new European operations. This acquisition will accelerate EdCast’s rapid growth in Europe and expand the company’s blended learning capabilities.
With this step, EdCast also builds upon its success with ContentExchange, the global learning content marketplace focused on workforce upskilling.
“We are thrilled to add Leapest and its team to our expanding blended learning and ContentExchange capabilities,” said Karl Mehta, CEO and founder of EdCast. “EdCast is weaving together the key aspects of enterprise training on one integrated Knowledge Cloud platform, creating a unique, critical ecosystem for learning, training and knowledge management.”
Since launching its marketplace two years ago, Leapest continues to grow at an exponential pace. With over 1,600 business buyers from more than 100 countries, Leapest is attracting dozens of new business buyers per week. In addition to its variety of product offerings, Leapest stands out for the integrated cloud-based training delivery environment it offers to L&D departments, corporate universities and training providers.
“We are excited about creating better learning experiences and bringing more choice and convenience for all actors involved in corporate training by joining forces with the global team at EdCast,” said Sukhbir Jasuja, CEO of Leapest. “We look forward to supporting enterprises building the workforces of the future by creating abundant opportunities for learning and upskilling through our marketplace.”
Global industry analyst Josh Bersin discussed the acquisition in an article published recently, stating: “This acquisition demonstrates how the LXP market is growing up. By acquiring Leapest, EdCast becomes both an LXP and a true content network, adding LMS features as well. This changes the game, and has the potential to add tremendous new value for corporate training buyers.”
EdCast is the AI-Powered Knowledge Cloud solution for unified discovery, personalized learning and knowledge management across the enterprise. Its award-winning platform is used internationally by Global 2000 companies and large government organizations, including NASSCOM and World Economic Forum, to solve the discovery and curation problems across all external and internal knowledge sources. EdCast’s offerings include its Learning Experience Platform (LXP) and MyGuide’s in-app guides, intelligence, and automation for business software. Follow on Twitter @EdCast.
Leapest offers a corporate learning marketplace for training content (courseware, eLearning, business simulations, labs), industry certifications and instructor service. Enterprises can define and design the training activities for their teams and have control of creating the learning experiences by being able to choose the content and instructors they need. Leapest is architected for agility, scalability, and reliability; the marketplace model enables enterprises and training providers to offer a variety of learning options and create scalable programs while controlling costs. Leapest pioneers a training resources ecosystem that engenders both transparency and a strong spirit of sharing.
Jeffrey A. Roth
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
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