D2L Inc. Announces Closing of Previously Announced Spin-out Transaction for D2L Wave
D2L Inc. Announces Closing of Previously Announced Spin-out Transaction for D2L Wave |
[28-June-2024] |
TORONTO, June 28, 2024 /CNW/ - D2L Inc. (TSX: DTOL) ("D2L" or the "Company"), a global learning technology company, announced today that it has completed the previously announced transaction to spin-out D2L Wave into a new independent standalone company, SkillsWave Corporation ("SkillsWave"). The terms of the transaction are consistent with those previously disclosed in the Company's press release dated April 3, 2024. SkillsWave provides workforce education through a platform and marketplace created with a network of education providers, and is separate from D2L's corporate learning core business. This transaction enables D2L to increase focus on the continued growth and profitability of the core SaaS business, led by its industry-leading learning platform Brightspace in the global education and corporate markets. About D2L Inc. (TSX: DTOL) SOURCE D2L Inc. | ||
Company Codes: Toronto:DTOL |