Mumbai, 30 November 2021: Simplilearn, the world’s #1 Online Bootcamp for digital economy skills training, today announced its first-ever Employee Stock Option Plan (ESOP) buyback worth Rs. 48.74 crore. This event is the first time ESOPs have been bought back by the company.
The buyback was undertaken as part of the recent investment by Blackstone earlier this year.
The company had offered active employees to liquidate up to 25% of their vested ESOPs as part of this buyback. 65% of the active employees with ESOPs liquidated their options as part of this buyback process.
The company also rewarded all these employees with additional new ESOPs for their continued contribution to its growth and their help in establishing Simplilearn as the World’s No. 1 Online Bootcamp.
Deriving over 60% of business currently from international markets, Simplilearn is on an aggressive growth path and is further strengthening its global team.
With employee wealth creation as a key part of the people strategy, Simplilearn is hiring leaders across all levels in the Indian and U.S. markets.
This hiring includes the recent addition of Deborah Quazzo to the company’s board of directors and the appointment of Saurabh Arya as the Vice President- Simplilearn Enterprise, with many others joining in the next few months.
Krishna Kumar, Co-Founder and Chief Executive Officer, Simplilearn, Said :
Simplilearn’s programs span all essential digital skills such as AI, Data, Full-stack, Cloud, and Digital Marketing and across 30+ critical digital economy roles in an enterprise, with comprehensive learning paths.
These programs are co-create with leading universities like MIT and Caltech and leading industry partners like IBM, Microsoft Azure, and Facebook, ensuring the best learning outcomes.
Simplilearn’s platform has learners from 400 of the Fortune 500 companies.
The Simplilearn engagement models with partners primarily provide solutions for New Hire On-Boarding, Role Aligned up-skilling with Organization-wide Digital Transformation Skill Development, and Leadership Development.
About Simplilearn:
world’s #1 online Bootcamp for digital economy skills training. Simplilearn offers access to world-class work-ready training to individuals and businesses around the world.
The Bootcamps are design and deliver with world-renown universities, top corporations, and leading industry bodies via live online classes featuring top industry practitioners, sought-after trainers, and global leaders.
From college students and early career professionals to managers, executives, small businesses, and big corporations, Simplilearn’s role-based, skill-focused, industry-recognized, and globally relevant training programs are ideal upskilling solutions for diverse career or/and business goals.