Le Libraire – News – Cengage acquires cybersecurity e-learning company Infosec for £146m
Educational technology company Cengage Group has agreed to acquire cybersecurity education provider Infosec for $190.8m (£146m).
The acquisition will allow Cengage to “expand in the cybersecurity professional training market and significantly increase the size of its rapidly growing workforce skills business.” The transaction is expected to close in the first calendar quarter of 2022, subject to the satisfaction of customary closing conditions. and regulatory approvals.
Infosec will join Cengage Group’s ed2go business, an e-learning platform that offers online college courses, professional training and continuing education as part of its workforce skills business. Cengage said it would “retain and invest in” Infosec’s employees and products to support future growth.
Michael E Hansen, CEO of Cengage, said: “The cybersecurity industry is at a critical inflection point where the shortage of skilled labor could have profound and lasting effects on the security of businesses and organizations. people. At the same time, it provides an opportunity for unemployed or underemployed workers who can upskill or retrain to advance in their careers. With our scale and resources, more cybersecurity professionals will have access to an affordable and faster option to develop the skills they need.
“The online employer-paid cybersecurity training segment is currently a $1 billion market, and is expected to grow to $10 billion per year by 2027. Combining Infosec with our already successful Workforce Skills business will deliver revenue growth, expand our recurring revenue base and accelerate our opportunity in the space.
Since its inception in 2004, Infosec has already trained more than 100,000 cybersecurity professionals and helped more than five million trainees to improve cybersecurity knowledge and home and workplace safety, the agency said. organization.
Jack Koziol, CEO and Founder of Infosec, said, “Infosec was created by talented employees who truly believe that knowledge equals power and who care deeply about creating training materials that help cybersecurity professionals advance in their careers and keep employers and staff abreast of cybersecurity threats at home and at work. The Cengage Group has the same level of passion for making learning accessible, affordable, and applicable to today’s cybersecurity professionals. Building on ed2go’s history in online training, Infosec will benefit from the scale and expertise of the Cengage Group, meaning we can reach more cybersecurity professionals and employers looking not only to develop their careers, but also to protect companies, governments and people against cyber threats. ”
Cengage “will leverage its expertise and scale to extend the reach of Infosec’s products and services to educate learners in the United States and around the world,” the company said. Through Infosec Skills, cybersecurity professionals have access to over 1,400 cybersecurity courses and the ability to upgrade to boot camp-style training to prepare for certifications.