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The Toronto-based software company said Tuesday it has acquired all of the issued and outstanding shares of the privately held Lyon-based skills development firm in an all-cash deal, marking its largest acquisition since going public in 2019.
(The Logic)
Talking point: Docebo chief executive officer Alessio Artuffo said the acquisition will help companies turn skills data into “learning, behaviour change and workforce outcomes.” The company said it expects 365Talents to generate about US$9 million in revenue through the end of 2026 and funded the transaction with cash on hand and its credit facility, with up to US$5.1 million in earn-out payments tied to performance. However, Bullpen Finance’s Eli Rodney wrote in a note published to Substack that the purchase price implies a valuation of roughly six times 365Talents’ expected revenue over the next year—higher than the multiple at which Docebo’s own shares are currently trading.
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