Athens, Ga., USA, (Nov. 23, 2015) — Docebo, a provider of cloud-based corporate learning management solutions, is pleased to announce that Klass Capital has partnered with management to acquire a controlling interest in the business. Klass acquired the shares of leading Italian venture capital firm Principia SGR and made an additional growth equity investment to support the company’s rapid growth. Docebo’s management continues to own a significant stake of the company.
Docebo is regarded as one of the industry’s most flexible solutions for learning management and has been chosen by some of the world’s most respected companies. The company has been ranked in the world’s Top 10 for SaaS E-Learning solutions providers and in the Top 3 for B2B LMSs. The Docebo platform is highly regarded for having an easy-to-use, modern interface, with a modular design that allows companies to extend and scale their solution according to their needs.
Since Klass’ initial investment early this year, Docebo has accelerated its growth trajectory, as the company has experienced consistent triple digit growth and has been adding over 10 enterprise customers per month. The company has become the partner of choice for leaders in the technology space including FreshBooks, Shopify, Zendesk and Optimizely, as well as for Fortune 500 companies Thomson Reuters, Bloomberg and Petronas.
“We continue to be impressed with how quickly Docebo has been able to scale internationally,” said Daniel Klass, Managing Partner of Klass Capital. “We also believe that Docebo is in a strong position to address the social and informal learning management needs that exist in the market.”
“Organizations are beginning to understand that collaboration and informal learning are more effective than formal training methods,” said Claudio Erba, President and CEO of Docebo. “We have two new modules in private beta, Docebo Coach and Docebo Share, which cater to a more social way of learning and building knowledge across the organization.”
Over the last year, Docebo has significantly increased their presence in North America and now have over 20 full-time employees in Atlanta. The company will continue to work closely with Klass to build out the North American team.
“During our initial meetings, I was very impressed with the management team at Docebo, and over the last year they have consistently exceeded our expectations,” said Daniel. “We are excited to have increased our ownership in Docebo and we look forward to working alongside them as they continue to scale their business.”
About Docebo
Docebo’s Cloud-based, Software-as-a-Service (SaaS) enterprise learning management system (LMS) is sold in more than 80 countries. Established in 2005, Docebo (Latin for “I will teach”) has more than 28,000 installations and offers an enterprise solution for mid-size to large organizations. Customers benefit from Docebo solutions thanks to a scalable pricing model, a third party integration (via API), and reliable service available 24/7 to further enhance the user experience.
About Klass Capital
Klass is a growth equity firm established to provide expansion stage capital to high growth enterprise software businesses. The company’s target equity investment size is between $1 million and $20 million. Klass moves quickly, has a collaborative approach, and strongly believes in adding value to its partners. Klass has built a portfolio of 16 high growth enterprise software businesses.
For more information about Klass, visit its website at www.klass.com or contact Nadia Santoli nadia@klasscapital.com