Docebo Expands External Training Offering With Acquisition of PeerBoard

Rhea-AI Summary

Docebo (NASDAQ:DCBO) has announced the acquisition of PeerBoard, a community-as-a-service platform operated by Circles Collective Inc. This strategic move aims to enhance Docebo's learning platform by integrating community management and social learning capabilities. The acquisition will allow Docebo to expand its external training offerings and improve the educational experiences for customers, partners, and franchisees. Although financial details of the transaction remain undisclosed, company leaders emphasized the importance of this integration for providing comprehensive enterprise learning solutions.

Positive

• Acquisition of PeerBoard enhances Docebo's social learning capabilities.
• Expands external training offerings, crucial for customer education environments.
• Strengthens Docebo's position as a leader in enterprise learning solutions.

Negative

• None.

The transaction will enable Docebo to incorporate native community management plus social learning capabilities into their learning platform

TORONTO--(BUSINESS WIRE)-- Docebo Inc. (NASDAQ:DCBO; TSX:DCBO) (“Docebo” or the “Company”), a leading learning platform provider with AI capabilities, today announced it has acquired PeerBoard, a plug and play community-as-a-service platform owned and operated by Circles Collective Inc. The acquisition of PeerBoard will expand Docebo’s external training offering and enhance the Company’s social learning capabilities to include those that are, in Docebo’s view, critical to customer, partner, member, and franchise education environments. Financial details were not disclosed.

“PeerBoard is another important step in our transformation to become the partner of choice in enterprise learning solutions,” said Claudio Erba, Founder, and CEO, of Docebo. “Companies who purchase an LMS for external use cases also need a community platform. This acquisition enables Docebo to provide an integrated learning platform and community while enhancing the social learning experience for existing Docebo customers.”

“PeerBoard’s sophisticated community offering will greatly enhance Docebo’s long-standing commitment to innovation,” said Mikhail Larionov, President and Co-Founder of PeerBoard. “Docebo’s understanding of the strategic value community platforms provide for social learning was compelling and decisive, and we are delighted to be able to continue our mission with the Docebo team.”

“Mikhail brings an impressive amount of experience to the team, he was previously product lead on social games at a global media company and led the messaging platform engineering team at one of the world’s largest social media and social networking companies,” said Fabio Pirovano, Chief Product Officer, Docebo. “He and the PeerBoard team have done an outstanding job building an innovative, customer-first community platform keeping the need for training and education in mind. We are excited to welcome Mikhail and his team and look forward to working together to support our customers' continued growth."

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About Docebo

Docebo (NASDAQ:DCBO; TSX:DCBO) is redefining the way enterprises leverage technology to create and manage content, deliver training, and understand the business impact of their learning experiences. With Docebo’s customized end-to-end learning platform, enterprises worldwide are equipped to tackle any learning challenge and create an authentic learning culture within their organization.

Learn why enterprise organizations love Docebo by visiting our customer stories page.

About PeerBoard:

PeerBoard is a plug & play community-as-a-service platform, a place for your members to share in-depth knowledge and help each other. The platform is optimized to integrate directly with your website, and you can integrate it into any setup, from WordPress to custom-built environments. PeerBoard provides everything you need to build a truly branded online community, connect and grow with your customers.

Forward-Looking Information
This news release may contain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws, including, without limitation, statements regarding the impact the acquisition of Circles Collective Inc. is expected to have on the Company and that the acquisition will expand the Company’s market presence.

This forward-looking information is based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, risks that the acquired business will not perform as expected, the Company will not be able to successfully integrate the acquired business and those factors discussed in greater detail under the “Risk Factors” section in our Annual Information Form, available under our profile on SEDAR at www.sedar.com, and should be considered carefully by prospective Investors.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents our expectations as of the date specified herein, and are subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or revise any forward- looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230404005528/en/

For further information:

Ronda Morra

Global Director, PR & Communications

ronda.morra@docebo.com

781-589-7226

Mike McCarthy

Investor Relations

investors@docebo.com

214-830-0641

Source: Docebo Inc.

FAQ

What was the purpose of Docebo's acquisition of PeerBoard?

The acquisition aims to enhance Docebo's learning platform by integrating community management and social learning capabilities.

When was Docebo's acquisition of PeerBoard announced?

The acquisition was announced on April 4, 2023.

What is the expected impact of the PeerBoard acquisition on Docebo?

The acquisition is expected to expand Docebo's external training offerings and enhance the educational experience for customers and partners.

Who is PeerBoard owned by?

PeerBoard is owned and operated by Circles Collective Inc.