Vendor Analysis
published on Aug 09, 2023
Report Overview:
This NelsonHall vendor assessment analyzes Degreed's learning platform
Who is this Report for:
NelsonHall’s Learning Platforms profile on Degreed is a comprehensive assessment of Degreed’s offerings and capabilities, designed for:
- Sourcing managers monitoring the capabilities of existing suppliers of learning platforms and identifying vendor suitability for learning platform RFPs
- Vendor marketing, sales, and business managers looking to benchmark themselves against their peers
- Financial analysts and investors specializing in the learning platform sector.
Scope of this Report:
The report provides a comprehensive and objective analysis of Degreed’s Learning Platform offerings, capabilities, and market and financial strengths, including:
- Identification of the company’s strategy, emphasis, and new developments
- Analysis of the company’s strengths, challenges, and outlook
- Revenue estimates
- Analysis of the profile of the company’s customer base, including the company’s targeting strategy and examples of current contracts
- Analysis of the company’s offerings and key service components
- Analysis of the company’s delivery organization, including the location of delivery centers.
Key Findings & Highlights:
This NelsonHall vendor assessment analyzes Degreed’s offerings and capabilities in learning platforms.
Degreed was founded in 2012. Its mission is to “jailbreak the degree” building a future where learning is always accessible, and all education and skills are recognized, irrespective of how they are acquired. It inspires organizations to develop a culture of lifelong learning to help prepare the workforce of tomorrow. Degreed has acquired several organizations. Between 2016 and 2018, it acquired Gibbon, Pathgather, and Adepto. In January 2023, it acquired Learn In. These acquisitions have shaped Degreed’s evolving and expanding product strategy.
Degreed LXP/LXP+ is a single platform to discover and consume content (curated, internal, created, premium paid-for, free web content). Its acquisition of Learn In brought two products: Degreed Academy (for deep skilling via digital and functional academies) and Degreed Benefits (supporting individual spending via tuition assistance and stipend cards). It continues to deliver on its three-pronged roadmap aligned to clients' needs, with several highly impactful features recently being introduced.
Enterprise organizations seeking a learning platform built around skills that evolves with their needs, offering various innovative features and functionality, some extending beyond learning, should consider Degreed LXP/LXP+.