Whatfix, Software-as-a-service (SaaS) based digital adoption platform, made its second addition by acquiring learning management system Nittio Learn, on Tuesday.
The company’s acquisition arrived after two months when the startup venture raised $90 million as a part of its Series D round headed by Softbank Vision Fund 2, at a market valuation of about $600 million.
The acquisition will act as a symbiosis for Whatfix to come up with newer technology-based learning tools for its customers. Furthermore, it will also build a Nittio Learn’s learning management solution with its product idea.
“Nittio Learn works with learning and development teams and provides newer toolsets to assess the digital adoption capabilities of users. It also provides tech-led presentations to help digital adoptions in enterprises faster and is an organic extension of what Whatfix does,” averred Khadim Batti, chief executive officer and co-founder of Whatfix.
As a conglomerate, Whatfix will be approaching Nittio Learn’s solution to the international clientele. It will also be combining and work in unison with Nittio Learn’s 10-member team with the founders to its 500 member workforce belonging US, Europe and Asia-Pacific.
In the upcoming two years, Whatfix will be mapping Nittio’s platform to 100 of its customers.
“We’re excited to add Nittio Learn’s value proposition to Whatfix’s industry-leading digital adoption solution. Nittio Learn has been helping Learning and Development teams build learning experiences that reduce training turn-around and ramp-up time for today’s digital workers. Whatfix, with their laser focus on helping customers overcome technology complexities, is a perfect match for our product and our team,” added Gagandeep Josan, chief executive officer and co-founder, Nittio Learn.
In the coming 12 months, Whatfix will include about 150 more employees across its product, engineering and ‘go-to-market’ functions. It will also widen its operational scale by targeting a new chunk of customers across Japan, the Nordics in Europe.
