The deal is a big win for earlier venture capital backers of A Cloud Guru, which include New York-based Elephant Venture Capital, Boston-based Summit Partners, Bain Capital and Australian fund AirTree Ventures. Both approaches have proven to resonate strongly with customers who want depth and breadth in tech education.” “Within our shared missions, we’ve taken different but complementary approaches. “A Cloud Guru and Pluralsight were founded to solve the same problem-closing the technology skills gap by democratising access to technical education,” Mr Kroonenburg said. Neither the Kroonenburgs or Pluralsight chief executive Aaron Skonnard were available for interview before publication, but in a statement Mr Skonnard said A Cloud Guru’s products would fit well alongside its own technology training programs.ĭespite the financial windfall, both Sam and Ryan Kroonenburg will stay on to work within Pluralsight, and in a statement Sam Kroonenburg, who is A Cloud Guru’s CEO, said he was excited by the “next phase” of the company within Pluralsight.Ĭo-founder and CEO of Pluralsight Aaron Skonnard. The deal to buy A Cloud Guru has not officially closed yet, but has been funded in part by US investment firm Vista Equity Partners, which acquired the Nasdaq-listed Pluralsight for $US3.5 billion at the end of 2020, taking it private. The largest deal in local history was KKR’s $2.2 billion acquisition of MYOB in 2018, while Oracle paid $1.6 billion for Aconex that same year. Terms of the deal were not revealed by Pluralsight or A Cloud Guru, but The Australian Financial Review understands from multiple sources that it is among the biggest amounts ever paid for an Australian tech company. The company, founded by Sam and Ryan Kroonenburg in 2015, has been one of the most closely watched Australian start-ups in recent years, after growing at a tremendous rate, with a mainly US and overseas customer base for its online cloud computing training programs.īrothers Ryan and Sam Kroonenburg have grown and sold a global online learning business from Australia.
A Cloud Guru - an online training start-up founded by two brothers in Melbourne - has been acquired by US company Pluralsight for $2 billion, making it one of the largest deals ever for an Australian tech company.
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