The terms of the deal were not disclosed; however, Pluralsight chief executive Aaron Skonnard tells us it’s in the “range of significance” of prior Pluralsight deals TrainSignal and Smarterer, valued at $23.6 million and $75 million respectively.
Offering live mentorship to programmers since 2013, HackHands raised $400,000 in total before the acquisition. Following the deal, HackHands’ chief executive Ed Roman says the site will continue operating as normal for at least a few months, but it will eventually merge with Pluralsight — although Roman asserts “there will be no lapse of service.”
Pluralsight has transformed into a significant acquirer these days, having spent at least $190 million snapping up online education startups over the past two years. Recent deals include the $36 million acquisition of learn-to-code site Code School and an even larger $75 million for skill measurement startup Smarterer.
Both Skonnard and Roman dubbed this deal a key move in Pluralsight’s ability to compete with LinkedIn, which bought elearning juggernaut Lynda.com for $1.5 billion in April. “This move positions Pluralsight as a credible competitor to LinkedIn,” Roman told us by phone yesterday. “The training platform wars are going to come down between LinkedIn and Pluralsight.”
“If you think about the Lynda/LinkedIn combination, this is one of those things that will distinguish us from them over time,” Skonnard told us this morning.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more