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Peninsula Land Limited (PENINLAND.NS)

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12.85+0.60 (+4.90%)
As of 11:29AM IST. Market open.
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Previous close12.25
Open12.30
Bid12.85 x 0
Ask0.00 x 0
Day's range12.20 - 12.85
52-week range3.45 - 12.85
Volume239,876
Avg. volume509,240
Market cap3.671B
Beta (5Y monthly)1.68
PE ratio (TTM)N/A
EPS (TTM)-9.33
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date28-Jul-2016
1y target estN/A
  • Pluralsight Announces Fourth Quarter 2020 Results
    GlobeNewswire

    Pluralsight Announces Fourth Quarter 2020 Results

    SILICON SLOPES, Utah, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Pluralsight, Inc. (NASDAQ: PS), the technology workforce development company, today announced financial results for the fourth quarter and year ended December 31, 2020. Fourth Quarter Financial Highlights Billings - Q4 2020 billings were $151.1 million, an increase of 18% period over period. Q4 2020 billings from business customers were $134.0 million, an increase of 18% period over period.Revenue - Q4 2020 revenue was $105.0 million, an increase of 18% period over period.Gross margin - Q4 2020 gross margin was 78%, compared to 79% in Q4 2019. Q4 2020 and Q4 2019 non-GAAP gross margin was 80%.Net loss per share - GAAP net loss per share for Q4 2020 was $0.30, compared to $0.31 in Q4 2019. Adjusted pro forma net loss per share for Q4 2020 was $0.01, compared to $0.09 in Q4 2019.Cash flows - Cash provided by operations was $2.4 million for Q4 2020, compared to cash used in operations of $7.9 million in Q4 2019. Free cash flow was negative $4.0 million for Q4 2020, compared to negative $13.0 million in Q4 2019. Full Year 2020 Financial Highlights Billings - 2020 billings were $430.4 million, an increase of 14% year over year. 2020 billings from business customers were $380.8 million, an increase of 15% year over year.Revenue - 2020 revenue was $391.9 million, an increase of 24% year over year.Gross margin - 2020 gross margin was 79%, compared to 77% in 2019. 2020 non-GAAP gross margin was 81%, compared to 79% in 2019.Net loss per share - GAAP net loss per share for 2020 was $1.15, compared to $1.19 in 2019. Adjusted pro forma net loss per share for 2020 was $0.12, compared to $0.30 in 2019.Cash flows - Cash provided by operations was $9.1 million for 2020, compared to cash used in operations of $11.7 million in 2019. Free cash flow was negative $34.2 million for 2020, compared to negative $28.2 million in 2019. For information regarding the non-GAAP financial measures discussed in this press release, please see the section titled “Non-GAAP Financial Measures.” Reconciliations between GAAP and non-GAAP financial measures are provided in the tables of this press release. About Pluralsight Pluralsight is the leading technology workforce development company that helps companies and teams build better products by developing critical skills, improving processes and gaining insights through data, and providing strategic skills consulting. Trusted by forward-thinking companies of every size in every industry, Pluralsight helps individuals and businesses transform with technology. Pluralsight Skills helps enterprises build technology skills at scale with expert-authored courses on today’s most important technologies, including cloud, artificial intelligence and machine learning, data science, and security, among others. Skills also includes tools to align skill development with business objectives, virtual instructor-led training, hands-on labs, skill assessments and one-of-a-kind analytics. Flow complements Skills by providing engineering teams with actionable data and visibility into workflow patterns to accelerate the delivery of products and services. For more information about Pluralsight, visit pluralsight.com. Pluralsight and the Pluralsight logo are trademarks of Pluralsight, LLC in the United States and in jurisdictions throughout the world. Key Business Metrics Billings. Billings represents total revenue plus the change in deferred revenue in the period, as presented in our condensed consolidated statements of cash flows, less the change in contract assets and unbilled accounts receivable in the period. Billings in any particular period represents amounts invoiced to customers and reflects subscription renewals and upsells to existing customers plus sales to new customers. We use billings to measure our ability to sell subscriptions to our platform to both new and existing customers. We use billings from business customers and our percentage of billings from business customers to measure and monitor our ability to sell subscriptions to our platform to business customers. Non-GAAP Financial Measures Pluralsight has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (GAAP). Pluralsight uses the non-GAAP financial measures of non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating loss, adjusted pro forma net loss, adjusted pro forma net loss per share, and free cash flow in analyzing its financial results and believes that the use of these metrics is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Pluralsight’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. A reconciliation of our historical non-GAAP financial measures to their most directly comparable GAAP measures have been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations. Non-GAAP gross profit. We define non-GAAP gross profit as gross profit plus equity-based compensation, amortization of acquired intangible assets, and employer payroll taxes on employee stock transactions. Non-GAAP gross margin. We define non-GAAP gross margin as non-GAAP gross profit divided by our revenue. Non-GAAP operating expenses. We define non-GAAP operating expenses as operating expenses less equity-based compensation, amortization of acquired intangible assets, and employer payroll taxes on employee stock transactions, and, as applicable, other special items including acquisition-related costs. Non-GAAP operating loss. We define non-GAAP operating loss as loss from operations plus equity-based compensation, amortization of acquired intangible assets, employer payroll taxes on employee stock transactions, and, as applicable, other special items including acquisition-related costs. Adjusted pro forma net loss and adjusted pro forma net loss per share. We define adjusted pro forma net loss as net loss attributable to Pluralsight, Inc. adjusted for the reallocation of loss attributable to non-controlling interests from the assumed exchange of LLC Units of Pluralsight Holdings for newly-issued shares of Class A common stock of Pluralsight, Inc. and further adjusted for equity-based compensation, amortization of acquired intangible assets, employer payroll taxes on employee stock transactions, amortization of debt discount and issuance costs, and, as applicable, other special items including acquisition-related costs. We define adjusted pro forma net loss per share as adjusted pro forma net loss divided by the weighted-average shares of Class A common stock outstanding, assuming the full exchange of all outstanding LLC Units of Pluralsight Holdings for newly-issued shares of Class A common stock of Pluralsight, Inc. Free cash flow. We define free cash flow as cash provided by (used in) operating activities less purchases of property and equipment and purchases of our content library. PLURALSIGHT, INC. Condensed Consolidated Statements of Operations(in thousands, except per share amounts)(unaudited) Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Revenue$104,989 $88,811 $391,865 $316,910 Cost of revenue(1)(2)23,401 19,009 82,552 71,353 Gross profit81,588 69,802 309,313 245,557 Operating expenses(1)(2): Sales and marketing60,785 57,071 238,165 207,085 Technology and content29,782 29,965 118,785 102,902 General and administrative28,918 21,950 95,651 85,560 Total operating expenses119,485 108,986 452,601 395,547 Loss from operations(37,897) (39,184) (143,288) (149,990)Other income (expense): Interest expense(7,523) (7,129) (29,322) (23,565)Loss on debt extinguishment— — — (950)Other income, net1,982 2,966 8,411 11,749 Loss before income taxes(43,438) (43,347) (164,199) (162,756)Income tax benefit (expense)361 (122) 108 (823)Net loss$(43,077) $(43,469) $(164,091) $(163,579)Less: Net loss attributable to non-controlling interests(7,606) (11,492) (36,011) (50,921)Net loss attributable to Pluralsight, Inc.$(35,471) $(31,977) $(128,080) $(112,658)Net loss per share, basic and diluted$(0.30) $(0.31) $(1.15) $(1.19)Weighted-average shares of Class A common stock used in computing basic and diluted net loss per share120,133 102,747 111,798 94,515 (1) Includes equity-based compensation as follows: Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Cost of revenue$335 $193 $1,213 $548Sales and marketing9,860 7,710 41,168 30,677Technology and content6,641 5,917 26,222 21,430General and administrative6,800 8,960 31,250 37,782Total equity-based compensation$23,636 $22,780 $99,853 $90,437 (2) Includes amortization of acquired intangible assets as follows: Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Cost of revenue$1,832 $1,209 $5,458 $3,645Sales and marketing146 50 296 129Technology and content121 176 580 705Total amortization of acquired intangible assets$2,099 $1,435 $6,334 $4,479 PLURALSIGHT, INC. Key Business Metrics and Non-GAAP Financial Measures(dollars in thousands)(unaudited) Key Business Metrics Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Billings$151,088 $128,448 $430,422 $379,051 Billings from business customers$134,022 $113,176 $380,788 $330,143 % of billings from business customers89% 88% 88% 87% Non-GAAP Financial Measures Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Reconciliation of gross profit to non-GAAP gross profit: Gross profit$81,588 $69,802 $309,313 $245,557 Equity-based compensation335 193 1,213 548 Amortization of acquired intangible assets1,832 1,209 5,458 3,645 Employer payroll taxes on employee stock transactions12 5 54 23 Non-GAAP gross profit$83,767 $71,209 $316,038 $249,773 Gross margin78% 79% 79% 77%Non-GAAP gross margin80% 80% 81% 79% PLURALSIGHT, INC. Key Business Metrics and Non-GAAP Financial Measures (cont.)(dollars in thousands)(unaudited) Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Reconciliation of operating expenses to non-GAAP operating expenses: Sales and marketing$60,785 $57,071 $238,165 $207,085 Less: Equity-based compensation(9,860) (7,710) (41,168) (30,677) Less: Amortization of acquired intangible assets(146) (50) (296) (129) Less: Employer payroll taxes on employee stock transactions(169) (81) (1,151) (1,293) Non-GAAP sales and marketing$50,610 $49,230 $195,550 $174,986 Sales and marketing as a percentage of revenue58 % 64 % 61 % 65 %Non-GAAP sales and marketing as a percentage of revenue48 % 55 % 50 % 55 % Technology and content$29,782 $29,965 $118,785 $102,902 Less: Equity-based compensation(6,641) (5,917) (26,222) (21,430) Less: Amortization of acquired intangible assets(121) (176) (580) (705) Less: Employer payroll taxes on employee stock transactions(121) (94) (1,165) (1,073) Non-GAAP technology and content$22,899 $23,778 $90,818 $79,694 Technology and content as a percentage of revenue28 % 34 % 30 % 32 %Non-GAAP technology and content as a percentage of revenue22 % 27 % 23 % 25 % General and administrative$28,918 $21,950 $95,651 $85,560 Less: Equity-based compensation(6,800) (8,960) (31,250) (37,782) Less: Employer payroll taxes on employee stock transactions(156) (142) (1,008) (1,039) Less: Secondary offering costs— — (1,260) (918) Less: Acquisition-related costs(8,097) — (8,438) (835) Non-GAAP general and administrative$13,865 $12,848 $53,695 $44,986 General and administrative as a percentage of revenue28 % 25 % 24 % 27 %Non-GAAP general and administrative as a percentage of revenue13 % 14 % 14 % 14 %Reconciliation of loss from operations to non-GAAP operating loss: Loss from operations$(37,897) $(39,184) $(143,288) $(149,990) Equity-based compensation23,636 22,780 99,853 90,437 Amortization of acquired intangible assets2,099 1,435 6,334 4,479 Employer payroll taxes on employee stock transactions458 322 3,378 3,428 Secondary offering costs— — 1,260 918 Acquisition-related costs8,097 — 8,438 835 Non-GAAP operating loss$(3,607) $(14,647) $(24,025) $(49,893) PLURALSIGHT, INC. Key Business Metrics and Non-GAAP Financial Measures (cont.)(in thousands, except per share amounts)(unaudited) Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Adjusted pro forma net loss per share Numerator: Net loss attributable to Pluralsight, Inc.$(35,471) $(31,977) $(128,080) $(112,658)Net loss attributable to non-controlling interests(7,606) (11,492) (36,011) (50,921)Equity-based compensation23,636 22,780 99,853 90,437 Amortization of acquired intangibles2,099 1,435 6,334 4,479 Employer payroll taxes on employee stock transactions458 322 3,378 3,428 Secondary offering costs— — 1,260 918 Acquisition-related costs8,097 — 8,438 835 Amortization of debt discount and issuance costs6,949 6,571 27,077 21,691 Loss on debt extinguishment— — — 950 Adjusted pro forma net loss$(1,838) $(12,361) $(17,751) $(40,841)Denominator: Weighted-average shares of Class A common stock outstanding120,133 102,747 111,798 94,515 Weighted-average LLC Units of Pluralsight Holdings that are convertible into Class A common stock25,446 36,447 31,434 42,720 Adjusted pro forma weighted-average common shares outstanding, basic and diluted145,579 139,194 143,232 137,235 Adjusted pro forma net loss per share$(0.01) $(0.09) $(0.12) $(0.30) Reconciliation of net cash provided by (used in) operating activities to free cash flow: Net cash provided by (used in) operating activities$2,397 $(7,906) $9,090 $(11,729)Less: Purchases of property and equipment(1)(4,212) (3,562) (35,438) (11,181)Less: Purchases of content library(2,213) (1,504) (7,809) (5,326)Free cash flow$(4,028) $(12,972) $(34,157) $(28,236) (1) Purchases of property and equipment includes cash paid for the construction of tenant improvements at our new headquarters in Utah of approximately $1.2 million and $24.1 million for the three months and year ended December 31, 2020, respectively. PLURALSIGHT, INC. Condensed Consolidated Balance Sheets(in thousands)(unaudited) December 31, 2020 December 31, 2019 Assets Current assets: Cash and cash equivalents$134,395 $90,515 Short-term investments265,220 332,234 Accounts receivable, net118,808 101,576 Deferred contract acquisition costs22,910 18,331 Prepaid expenses and other current assets25,033 14,174 Total current assets566,366 556,830 Restricted cash and cash equivalents17,546 28,916 Long-term investments86,586 105,805 Property and equipment, net64,518 22,896 Right-of-use assets61,157 15,804 Content library, net28,890 8,958 Intangible assets, net18,488 22,631 Goodwill293,863 262,532 Deferred contract acquisition costs, noncurrent10,553 5,982 Other assets3,166 1,599 Total assets$1,151,133 $1,031,953 Liabilities and stockholders' equity Current liabilities: Accounts payable$9,697 $10,615 Accrued expenses57,884 40,703 Accrued author fees12,111 11,694 Lease liabilities10,350 5,752 Deferred revenue252,423 215,137 Total current liabilities342,465 283,901 Deferred revenue, noncurrent23,863 19,517 Convertible senior notes, net497,305 470,228 Lease liabilities, noncurrent74,421 11,167 Contingent consideration liabilities11,050 — Other liabilities259 980 Total liabilities949,363 785,793 Stockholders' equity: Preferred stock— — Class A common stock12 10 Class B common stock1 2 Class C common stock1 1 Additional paid-in capital752,804 641,128 Accumulated other comprehensive income975 225 Accumulated deficit(586,461) (458,381)Total stockholders’ equity attributable to Pluralsight, Inc.167,332 182,985 Non-controlling interests34,438 63,175 Total stockholders’ equity201,770 246,160 Total liabilities and stockholders' equity$1,151,133 $1,031,953 PLURALSIGHT, INC. Condensed Consolidated Statements of Cash Flows(in thousands)(unaudited) Three Months Ended December 31, Year Ended December 31, 2020 2019 2020 2019 Operating activities Net loss$(43,077) $(43,469) $(164,091) $(163,579)Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation of property and equipment3,396 2,468 12,262 9,464 Amortization of acquired intangible assets2,099 1,435 6,334 4,479 Amortization of course creation costs963 702 3,427 2,543 Equity-based compensation23,636 22,780 99,853 90,437 Amortization of deferred contract acquisition costs6,876 6,270 25,894 23,587 Amortization of debt discount and issuance costs6,949 6,571 27,077 21,691 Investment discount and premium amortization, net702 (675) 770 (2,446)Loss on debt extinguishment— — — 950 Other(807) 558 (218) 380 Changes in assets and liabilities, net of acquired assets and liabilities: Accounts receivable(40,557) (39,132) (17,045) (37,274)Deferred contract acquisition costs(12,553) (9,020) (35,044) (27,688)Prepaid expenses and other assets(6,185) (2,154) (10,422) (5,663)Right-of-use assets1,128 1,247 5,615 5,586 Accounts payable1,969 5,203 (1,157) 2,683 Accrued expenses and other liabilities11,023 699 17,903 5,887 Accrued author fees124 400 417 1,692 Lease liabilities59 (1,529) (3,545) (6,659)Deferred revenue46,652 39,740 41,060 62,201 Net cash provided by (used in) operating activities2,397 (7,906) 9,090 (11,729)Investing activities Purchases of property and equipment(4,212) (3,562) (35,438) (11,181)Purchases of content library(2,213) (1,504) (7,809) (5,326)Cash paid for acquisition, net of cash acquired(37,512) — (37,512) (163,771)Purchases of investments(64,148) (164,593) (491,278) (694,246)Proceeds from sales of investments— — — 4,967 Proceeds from maturities of investments129,752 139,841 576,582 252,836 Net cash provided by (used in) investing activities21,667 (29,818) 4,545 (616,721)Financing activities Proceeds from issuance of common stock from employee equity plans11,677 9,952 26,418 24,828 Taxes paid related to net share settlement(2,387) (1,574) (7,992) (1,574)Proceeds from issuance of convertible senior notes, net of discount and issuance costs— — — 616,654 Purchase of capped calls related to issuance of convertible senior notes— — — (69,432)Repurchases of convertible senior notes— — — (35,000)Proceeds from terminations of capped calls related to repurchases of convertible senior notes— — — 1,284 Net cash provided by (used in) financing activities9,290 8,378 18,426 536,760 Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents368 158 449 50 Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents33,722 (29,188) 32,510 (91,640)Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period118,219 148,619 119,431 211,071 Cash, cash equivalents, and restricted cash and cash equivalents, end of period$151,941 $119,431 $151,941 $119,431 Investor Relations Contact:Mark McReynoldsInvestor RelationsPluralsight801-784-9007ir@pluralsight.com Media Contact:DJ Anderson Communications/PressPluralsight801-784-9007dj@pluralsight.com

  • Pluralsight Files Investor Presentation in Connection with Proposed Transaction with Vista Equity Partners
    GlobeNewswire

    Pluralsight Files Investor Presentation in Connection with Proposed Transaction with Vista Equity Partners

    Urges Shareholders to Vote “FOR” Transaction Ahead of Special Meeting of Shareholders on March 2, 2021SILICON SLOPES, Utah, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Pluralsight, Inc. (NASDAQ: PS), the technology workforce development company, today filed an investor presentation highlighting the significant value that the company’s transaction with affiliates of Vista Equity Partners (“Vista”) delivers to shareholders. The Pluralsight Board of Directors recommends that shareholders vote the WHITE proxy card “FOR” all proposals included in Pluralsight’s definitive proxy statement at the upcoming special meeting of shareholders, which will be held on March 2, 2021. The presentation can be found on the investor page of Pluralsight’s website at https://investors.pluralsight.com/investor-relations. The transaction with Vista delivers significant, immediate and certain value to Pluralsight shareholders. As outlined in the presentation, the Pluralsight Board and independent Transaction Committee are each confident that this transaction is in the best interests of Pluralsight and its shareholders. The Transaction Generates Compelling, Certain Value for Shareholders The transaction offers immediate cash value to Pluralsight shareholders at a significant premium that is not subject to execution risk or other potential downside associated with the execution of Pluralsight’s standalone plan.The offer represents premiums of 26% and 25% to the undisturbed price and 30-day VWAP prior to the announcement of the transaction, respectively.The last 12 months’ multiple of 9.2x and the next 12 months’ multiple of 8.1x are well above the median of relevant precedent M&A transactions, and among the highest multiples on a Rule of 40 (growth and profitability adjusted) basis and ever paid for a public SaaS company by a private equity acquiror. Pluralsight’s Growth Potential Is Expected to Remain Challenged by Industry Dynamics Pluralsight competes in a highly competitive, rapidly evolving and fragmented market, which has modest barriers to entry and lower switching costs relative to the broader enterprise software universe.The emergence of well-capitalized competitors and the availability of free/ad-supported offerings has increased competitive pressure, resulting in lower growth, decreasing customer retention and higher costs for Pluralsight to attract and retain customers.Given these headwinds, Pluralsight believes that future growth is likely to be reliant on an acquisition strategy to build out the product portfolio, which introduces significant execution risk and dilution risk to the company’s shareholders.The independent Transaction Committee and the Pluralsight Board determined that the transaction with Vista offers greater value to shareholders than the execution of Pluralsight’s standalone plan in the context of these ongoing market conditions. The Transaction Is the Culmination of a Robust Process The independent Transaction Committee, with the support of financial and legal advisors, engaged in a comprehensive review process to explore all strategic alternatives available to Pluralsight, including remaining a standalone public company. The Transaction Committee met 17 times over the nearly three-month process.During the process, Pluralsight engaged with 14 potentially interested strategic and financial parties, 12 of which entered into confidentiality agreements.After extensive engagement with these 12 parties, only Vista made a firm proposal to acquire Pluralsight.As a result of extensive negotiations, Vista agreed to an offer price that was 23% higher than what it originally proposed.In addition, the independent Transaction committee engaged in extensive negotiations with the beneficiaries under Pluralsight’s Tax Receivable Agreement (“TRA”), resulting in a 70% reduction in the payment obligations under the TRA and a corresponding increase in value to Pluralsight shareholders of approximately $1.80 per share. The Independent Transaction Committee Led Discussions with a Focus on Maximizing Value for All Shareholders The independent Transaction Committee, comprising fully independent directors who were not beneficiaries of the TRA, was fully empowered by the Pluralsight Board to oversee and direct the strategic review process and to say “no.” The Pluralsight Board agreed that it would not engage in a business combination or similar transaction unless it was first approved or recommended by the independent Transaction Committee.There were also several procedural protections put in place to give shareholders a voice in the transaction, including that approval of the transaction is contingent on support by a majority of our unaffiliated shareholders. In its presentation, Pluralsight also addresses certain misleading statements made by shareholders regarding the transaction. The transaction is expected to close in the first half of 2021, subject to customary closing conditions, including approval by Pluralsight shareholders and receipt of regulatory approvals. Qatalyst Partners is serving as financial advisor to Pluralsight and Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal counsel. YOUR VOTE IS IMPORTANT VOTE “FOR” THE TRANSACTION ON THE WHITE PROXY CARD TODAY If Pluralsight shareholders have any questions or need assistance voting their shares, please contact Innisfree M&A Incorporated, Pluralsight’s proxy solicitor: Innisfree M&A Incorporated501 Madison Avenue, 20th FloorNew York, New York 10022Shareholders (Toll-Free): 1-877-687-1866Banks and Brokers (Collect): 1-212-750-5833 About Pluralsight Pluralsight is the leading technology workforce development company that helps companies and teams build better products by developing critical skills, improving processes and gaining insights through data, and providing strategic skills consulting. Trusted by forward-thinking companies of every size in every industry, Pluralsight helps individuals and businesses transform with technology. Pluralsight Skills helps enterprises build technology skills at scale with expert-authored courses on today’s most important technologies, including cloud, artificial intelligence and machine learning, data science, and security, among others. Skills also includes tools to align skill development with business objectives, virtual instructor-led training, hands-on labs, skill assessments and one-of-a-kind analytics. Flow complements Skills by providing engineering teams with actionable data and visibility into workflow patterns to accelerate the delivery of products and services. For more information about Pluralsight (NASDAQ: PS), visit pluralsight.com. Forward-Looking Statements This communication contains forward-looking statements that involve risks and uncertainties, including statements regarding our pending acquisition by affiliates of Vista Equity Partners (the “Transaction”), including items considered by the Transaction Committee and our Board of Directors in approving the Transaction. These forward-looking statements involve risks and uncertainties. If any of these risks or uncertainties materialize, or if any of our assumptions prove incorrect, our actual results could differ materially from the results expressed or implied by these forward-looking statements. These risks and uncertainties include risks associated with: the risk that the conditions to the closing of the Transaction are not satisfied, including the risk that required approvals from the stockholders of Pluralsight for the Transaction or required regulatory approvals are not obtained; potential litigation relating to the Transaction; uncertainties as to the timing of the consummation of the Transaction and the ability of each party to consummate the Transaction; risks that the Transaction disrupts the current plans and operations of Pluralsight; and the risks described in the filings that we make with the Securities and Exchange Commission (the “SEC”) from time to time, including the risks described under the headings “Risk Factors” and “Management Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K, which was filed with the SEC on February 25, 2020, and amended on March 2, 2020, and which should be read in conjunction with our financial results and forward-looking statements. Our filings with the SEC are available on the SEC filings section of the Investor Relations page of our website at http://investors.pluralsight.com. All forward-looking statements in this communication are based on information available to us as of the date of this communication, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law. Contacts Investor Relations Mark McReynoldsmark-mcreynolds@pluralsight.com Media DJ Andersonpress@pluralsight.com Joele Frank, Wilkinson Brimmer KatcherMatthew Sherman / Jed Repko212.355.4449

  • Pluralsight and Degreed Partner to Deliver Enhanced Visibility Into Technology Upskilling Programs
    GlobeNewswire

    Pluralsight and Degreed Partner to Deliver Enhanced Visibility Into Technology Upskilling Programs

    SILICON SLOPES, Utah, Feb. 09, 2021 (GLOBE NEWSWIRE) -- Pluralsight, Inc. (NASDAQ: PS), the technology workforce development company, announced that it has partnered with the learning experience and upskilling platform Degreed. Together, they’ll deliver an integrated experience designed to help customers better measure and track technology-upskilling efforts within the Degreed experience. This partnership enables joint customers to implement strategic plans to improve their employee skill inventory. Pluralsight and Degreed deliver solutions that help L&D leaders manage the necessary skills for organizations’ largest and most important digital transformation projects by providing a way to assess existing tech skills and identify skill gaps. Historically, Pluralsight’s leading technology content has been able to integrate into any Degreed deployment. The integrated content experience is now enhanced by incorporating assessment data from Pluralsight’s Skill IQ into Degreed’s skill analytics to give Pluralsight’s enterprise customers enhanced visibility into individual and team technology skills. As part of this new integration, available Skill IQs will appear on Degreed Skill cards, enabling managers to track skill level and compare it to existing job descriptions or career opportunities. The integration also includes new features for leaders to track skills. Additionally, leaders can use these management tools to direct users to take new Skill IQs inside the Pluralsight Skills experience. “We are excited to partner with Degreed to help our joint customers better track and manage the skills within their organizations. This partnership gives learning and talent leaders greater visibility into their organizations’ technology skills inventory, allowing them to better measure and understand employee skills, using our proven skill assessments,” said Eric Alder, head of partnerships, Pluralsight. “Pluralsight is an industry leader in technology skills development, helping many of our customers around the world to build technology skills they need to innovate. By integrating Skill IQ into the Degreed platform, our customers will have greater visibility into the cumulative abilities of their technology teams, empowering them to devise strategies to ensure that individual and team skill sets align with business objectives,” said Rob Wellington, Director of Experience Partnerships, Degreed. Degreed is the upskilling platform for one in three Fortune 50 companies, helping business leaders equip their workforces with the skills needed now and in the future through formal and informal learning, including articles, videos, podcasts, and on-the-job learning. Through Degreed, people leaders can see their team’s current skills and learning, skill gaps, and goals. They can then link this to relevant learning and work opportunities that align with individual goals and business needs. Pluralsight Skills helps technology teams at many of the world’s biggest and most innovative companies develop the necessary technology skills to deliver on business-critical projects consistently. Learners on its platform can acquire today’s most valuable technology skills through high-quality learning experiences offered by subject-matter experts. Through Skill IQ and Role IQ, real-time measurement and assessment of a learner’s performance on Pluralsight’s platform provide technology leaders with visibility into their teams’ capabilities and confidence to deliver on critical objectives. For more information about how Pluralsight Skills delivers the most effective path to developing technology skills, visit www.pluralsight.com. To learn more about how Degreed helps organizations drive business forward by driving people’s skill development, visit www.degreed.com. About Pluralsight Pluralsight is the leading technology workforce development company that helps companies and teams build better products by developing critical skills, improving processes and gaining insights through data, and providing strategic skills consulting. Trusted by forward-thinking companies of every size in every industry, Pluralsight helps individuals and businesses transform with technology. Pluralsight Skills helps enterprises build technology skills at scale with expert-authored courses on today’s most important technologies, including cloud, artificial intelligence and machine learning, data science, and security, among others. Skills also includes tools to align skill development with business objectives, virtual instructor-led training, hands-on labs, skill assessments and one-of-a-kind analytics. Flow complements Skills by providing engineering teams with actionable data and visibility into workflow patterns to accelerate the delivery of products and services. For more information about Pluralsight (NASDAQ: PS), visit pluralsight.com. About Degreed Degreed is the workforce upskilling platform for one in three Fortune 50 companies. We integrate and curate all the resources people use to learn — including learning management systems and millions of courses, videos, articles, books, and podcasts. Then we use behavioral and data science to analyze everyone's skills, and to automatically personalize career development based on their jobs, strengths, and goals. Founded in 2012, Degreed is headquartered in Pleasanton, California, with additional offices in Salt Lake City, New York, London, Amsterdam, and Brisbane. Media Contact Pluralsight PRDan SorensenDirector of Communicationsdan-sorensen@pluralsight.com Degreed PRSarah DanzlHead of Global Communicationssdanzl@degreed.com