lynda.com

lynda.com
Screenshot
Type of site
 Private
Founded 1995 (1995)
Headquarters Carpinteria, California, U.S.
Owner Microsoft
Founder(s) Lynda Weinman and Bruce Heavin[1]
Key people Eric Robison, CEO
Industry Online services
online education
online publishing
online training
Products Online training library
Revenue US$100 million (2013)[1]
Employees 500+ (2014)
Website lynda.com

lynda.com is an American online education company offering video courses taught by industry experts in software, creative, and business skills. It was founded in 1995 by Lynda Weinman.[2] The company is based in Carpinteria, California, and has more than 500 employees worldwide. Microsoft acquired lynda.com's parent company Linkedin in December 2016.

History

lynda.com was founded in 1995 in Ojai, California, as online support for the books and classes of Lynda Weinman, a special effects animator and multimedia professor who founded a digital arts school with her husband, artist Bruce Heavin.[3]

In 2002, the company began offering courses online.[4] By 2004, there were 100 courses, and in 2008, the company began producing and publishing documentaries on creative leaders, artists, and entrepreneurs.[5]

In 2013, lynda.com received its first outside investment, raising $103 million in growth equity from Accel Partners and Spectrum Equity, with additional contributions from Meritech Capital Partners.[6]

On January 14, 2015, lynda.com announced it had raised $186 million in financing, led by investment group TPG Capital.[7]

In 2016, lynda.com began to broadcast courses on their Apple TV application.[8]

Acquisitions

In February 2013, lynda.com acquired video2brain, an Austrian-based provider of online classes in web design and programming, available in German, French, Spanish, and English.[9]

On April 7, 2014, lynda.com purchased Canadian startup Compilr, provider of an online editor and sandbox.[10]

On April 9, 2015, LinkedIn Corp. announced its intention to buy lynda.com in a deal valued at $1.5 billion, which officially closed on May 14, 2015.[11] The site re-branded to "Lynda.com® From LinkedIn".[12]

On June 13, 2016, Microsoft announced that it would acquire lynda.com's parent company LinkedIn for $26.2 billion. The acquisition was completed on December 8, 2016.[13][14][15]

References

  1. 1 2 "Lynda.com Lands $103 Million in Biggest Education Financing". Bloomberg. 2013-01-16. Retrieved 2014-02-22.
  2. ↑ "Lynda.com Founder: I Was Educating Online Before Online Education Was Cool". ReadWrite. Retrieved 2014-02-22.
  3. ↑ Roush, Wade (2013-03-28). "Knowledge When You Need It: Lynda.com and the Rise of Online Education". Xconomy.
  4. ↑ "A Paywall That Pays Off: How Lynda.com Broke All the Rules and Won". WIRED. Retrieved 2018-01-20.
  5. ↑ Meyer, Stephen J. "LinkedIn's Blockbuster Deal With Lynda.com: What It Means To The Online Learning Industry". Forbes. Retrieved 2018-01-20.
  6. ↑ Empson, Rip (2013-01-15). "After 17 Years, Education Platform Lynda.com Raises Its First Round of Funding, $103M From Accel & Spectrum". TechCrunch.
  7. ↑ Singer, Natasha (2015-01-14). "Investors Put $186 Million Into Lynda.com, an Online Tutorial Service". The New York Times.
  8. ↑ "LinkedIn makes all Lynda.com courses available on Apple TV | VentureBeat". venturebeat.com. Retrieved 2018-01-20.
  9. ↑ Heussner, Ki Mae (2013-02-13). "Flush with cash, Lynda.com buys European online learning site video2brain". Gigaom.
  10. ↑ Lunden, Ingrid (2014-04-07). "E-Learning Platform Buys Compilr To Add In-Browser Coding Tools, Price Around $20M". TechCrunch.
  11. ↑ Roslansky, Ryan (2015-04-09). "Welcome to the LinkedIn Family, lynda.com". blog.linkedin.com. Retrieved 2017-11-01.
  12. ↑ "About Us". Lynda.com – from LinkedIn. Retrieved January 19, 2018.
  13. ↑ "Microsoft to acquire LinkedIn | News Center" (Press release). Microsoft. June 13, 2016. Retrieved 2016-06-13. Microsoft Corp. and LinkedIn Corporation on Monday announced they have entered into a definitive agreement under which Microsoft will acquire LinkedIn for $16 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash.
  14. ↑ Greene, Jay; Steele, Anne (2016-06-13). "Microsoft to Acquire LinkedIn for $26.2 Billion". Wall Street Journal. Retrieved 2016-06-13.
  15. ↑ Weiner, Jeff (2016-12-08). "LinkedIn + Microsoft: Our Next Play Begins". LinkenIn.
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