lynda.com

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lynda.com
Official-company-logo-for-lynda.com 400x400px.png
Screenshot
Lynda.com screenshot.jpg
Type of site
Private
Founded 1995; 23 years ago (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[edit]

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[edit]

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[edit]

  1. ^ a b "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.

External links[edit]