Skillsoft enters agreement to sell sumtotal to cornerstone for $200 million

Boston--(business wire)--skillsoft corp. (nyse: skil) (“skillsoft” or the “company”), a platform for transformative learning experiences, today announced it has entered into a definitive agreement to sell its sumtotal business, a provider of learning and human capital management software (“lms” and “hcm”) for highly regulated industries, to cornerstone ondemand, inc. ("cornerstone") for approximately $200 million in a cash transaction. “through the divestiture of sumtotal, we are aligning and s
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