Solidprofessor, The Leading On-Demand Training Platform For Engineers, Acquires Streamingteacher

Sep 08, 2022•over 3 years ago

Acquiring Company

SolidProfessor

Acquired Company

StreamingTeacher

Corporate TrainingTrainingEducationSoftwareE LearningEducation

Description

SolidProfessor, the leader in on-demand training for engineers, announced the acquisition of the online training solution Streamingteacher. This acquisition will add over 160 hours of Mastercam training content to SolidProfessor’s comprehensive online training platform.

Company Information

Company

SolidProfessor

Location

Clyde Ave

About

Since its founding in 2003, SolidProfessor has evolved into the largest online training platform for design engineers. With more than 15,000 video tutorials covering SOLIDWORKS, Autodesk, CAMWorks, Mastercam, and more, engineering teams can improve their skills to achieve higher rates of accuracy, productivity, and innovation for their businesses. To learn more, please visit https://www.solidprofessor.com/business/.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Solidprofessor, The Leading On-Demand Training Platform For Engineers, Acquires Streamingteacher

Description

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M&A Insights

Company Information