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SkillSoft NETg GmbH Berliner Allee 59 40212 Düsseldorf, Germany http://www.skillsoft.de
Contact Mr Tom McDonald +1 603-324-3000
Company logo of SkillSoft NETg GmbH

SSI Investments II Limited Announces SkillSoft Acquisition of Element K Business from NIIT

Element K Complements Skillsoft's Capabilities for Serving the Global Corporate Training Market

(PresseBox) (Nashua, N.H., )
SSI Investments II Limited (the "Company"), a parent company of SkillSoft Limited (formerly SkillSoft PLC) ("SkillSoft"), a leading SaaS provider of on-demand e-learning and performance support solutions for global enterprises, government, education and small- to medium-sized businesses, today announced that its indirect subsidiaries, SkillSoft Corporation and SkillSoft Ireland Limited (the "Buyers") have acquired the Element K business from NIIT Ventures, Inc., a subsidiary of NIIT Limited. Under the terms of the agreement, pursuant to which the transactions contemplated by the agreement closed effective today, the Element K business was acquired for $110 million in cash, subject to adjustments.

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