D2L Inc. Spins Off Upskilling Unit, Focuses on Core Growth
Company Announcements

D2L Inc. Spins Off Upskilling Unit, Focuses on Core Growth

D2L, Inc. (TSE:DTOL) has released an update.

D2L Inc. is spinning off its early-stage upskilling technology unit, D2L Wave, into an independent entity named SkillsWave Corporation, with majority ownership going to John Baker’s company and D2L retaining a 30% stake. The move allows D2L to sharpen its focus on the growth and profitability of its core SaaS business, which is led by the Brightspace learning platform, predominantly serving the corporate sector. This strategic realignment is intended to provide continuity for customers and partners while enabling D2L to continue its growth trajectory in the corporate learning market.

For further insights into TSE:DTOL stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskD2L Inc. Welcomes New Board Member Marta DeBellis
TipRanks Canadian Auto-Generated NewsdeskD2L Inc. Reports Strong Revenue Growth in Q2
Ryan AdistDTOL Upcoming Earnings Report: What to Expect?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App