Investment will Support Expansion of Skillable’s Full-Service Virtual Labs Platform and Robust Technology Training Offerings
Los Angeles, CA – March 23, 2021 – Shamrock Capital, a Los Angeles-based investment firm, today announced that it has made an investment in Skillable, a leading provider of virtual labs used to power hands-on, experiential technology training. Terms of the transaction were not disclosed.
Skillable 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. Skillable 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 Skillable 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 Skillable. “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 Skillable on the transaction.
About Shamrock Capital
Shamrock Capital is a Los Angeles-based investment firm with approximately $3.5 billion of assets under management, investing exclusively in the media, entertainment, and communications sectors. Shamrock was originally founded in 1978 as the family investment company for the late Roy E. Disney and has since evolved into an institutional money manager with a leading group of investors including endowment and pension funds. Shamrock partners with strong management teams and takes an active, collaborative approach to creating value in each investment. In addition to its diverse portfolio of Entertainment IP, Shamrock’s current investments include Ad Results Media, Adweek, Appetize, Bayard Advertising, Branded Cities, Canopy Spectrum, DeCurtis, Excel Sports Management, Iyuno Media Group, Maple Media, Mobilitie, Omega Wireless, Pixellot, and Wpromote. For more information, visit shamrockcap.com.
Skillable is the virtual labs platform built to adapt quickly in the face of constant change. A three-time Inc. 5000 company, Skillable believes validated experiences and challenge-centric learning will transform the way organizations upskill their customers, partners and employees. Industry leaders such as Microsoft, Amazon, IBM, Veritas, Global Knowledge and New Horizons trust Skillable’s full stack lab development and hosting platform, generating nearly 5 million lab launches to date in 2021 and more than 20 million lab launches over its tenure.