ISG Software Research Recognizes Udemy as #1 Overall Learning Solution, Bestows Digital Innovation Award for Effective Skills Development

Rhea-AI Summary

Udemy (UDMY) has been recognized as the #1 Overall Learning Solution by ISG Software Research, receiving the highest grade in their Buyers Guide for Learning Content Solutions. The company also won the ISG Digital Innovation Award in the human capital management category. These accolades highlight Udemy's innovative advancements in learning solutions for business outcomes, serving over 73 million learners and 16,000 organizations globally.

Additionally, Udemy was named an AWS EdTech and GovTech Champion in the 2024 AWS Champions program and positioned as a Strategic Challenger in the 2024 Fosway 9-Grid™ for Digital Learning. These recognitions underscore Udemy's commitment to delivering cutting-edge offerings and setting industry standards for skills acquisition and validation.

Positive

• Recognized as #1 Overall Learning Solution by ISG Software Research
• Won ISG Digital Innovation Award in human capital management category
• Named AWS EdTech and GovTech Champion in 2024 AWS Champions program
• Positioned as Strategic Challenger in 2024 Fosway 9-Grid™ for Digital Learning
• Serves over 73 million learners and 16,000 organizations globally

Negative

• None.

Insights

Market Research Analyst

This news, while positive for Udemy, is not significantly impactful for investors. The recognition from ISG Software Research and other organizations like AWS and Fosway Group highlights Udemy's strong market position and product quality, but doesn't provide concrete financial or operational metrics. The top ranking in ISG's Buyers Guide and the Digital Innovation Award may contribute to brand reputation and potentially drive future sales, but the immediate impact on stock performance is likely minimal.

From an investor's perspective, while these accolades demonstrate Udemy's competitive strength in the e-learning market, they don't directly translate to financial performance. The mention of 73 million learners and over 16,000 organizations using Udemy is noteworthy, but without context of growth rates or revenue figures, it's difficult to gauge the business impact. Investors should look for future financial reports to see if these recognitions translate into tangible business growth.

New report and award by global research firm honors Udemy’s innovative advancements in learning solutions for business outcomes

Udemy recognized for industry achievements by organizations such as AWS and Fosway, highlighting innovation and excellence

SAN FRANCISCO--(BUSINESS WIRE)-- Udemy (Nasdaq: UDMY), a leading online skills marketplace and learning platform, today announced that it has been recognized with the highest grade for Overall Learning Content Solution in ISG Software Research's Buyers Guide for Learning Content Solutions. This ranking underscores Udemy’s commitment to delivering innovative, impactful solutions in skills acquisition and validation, transforming lives through learning for more than 73 million learners and over 16,000 organizations globally.

The ISG Software Research Buyers Guide for Learning Content Solutions includes a comprehensive evaluation of how software providers create, curate, and deliver training materials for diverse learning needs. Udemy outperformed all other global providers, earning the highest overall rating and securing top-three positions across all seven categories, including product experience, customer experience, capability, adaptability, reliability, and more.

“We recognized Udemy as a top learning solution because of the strength and effectiveness of its solutions in enhancing the learning experience for users across the globe,” said Matthew Brown, Director of Research at ISG Software Research. “Our evaluation, based on a best practices-based methodology, revealed that Udemy consistently delivers cutting-edge offerings, setting the standard for how organizations should access and leverage skills. Their ability to combine emerging technology with unparalleled adaptability truly sets them apart in the industry.”

In addition to the ISG Software Research Buyers Guide, Udemy was honored as a winner in the 17th Annual ISG Software Research Digital Innovation Awards. Udemy received recognition in the human capital management category for being a leader in advancing technology to deliver exceptional value for enterprises.

"We are thrilled to be recognized by industry experts for our continuous innovation as a global learning provider, empowering leaders to future-proof their organizations," said Prasad Raje, Chief Product Officer at Udemy. "Winning the award by ISG Software Research for digital transformation is a testament to Udemy’s ability to create impactful solutions that drive learning outcomes and overall business success. We have relentlessly focused on advancing Udemy’s Intelligent Skills Platform to meet the evolving needs of organizations worldwide, and look forward to helping many more learners and organizations adopt a skills-based approach to talent management.”

This recognition comes on the heels of other recent accolades: Amazon Web Services (AWS) recognized Udemy as an AWS EdTech and GovTech Champion in the 2024 cohort of the AWS Champions program, which recognizes individuals and organizations pioneering meaningful, cloud-powered change to improve outcomes, build resilience, and accelerate progress in service of their respective missions, constituents, and communities. This distinction recognizes Udemy as an organization that is driving progress and transformation across education through its cloud-powered solutions and services. Earlier this year, global HR analyst firm, Fosway Group, positioned Udemy as a Strategic Challenger in the 2024 Fosway 9-Grid™ for Digital Learning, underscoring Udemy’s continued growth as a leading provider of learning solutions surpassing more than one billion learner enrollments.

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About Udemy

Udemy (Nasdaq: UDMY) transforms lives through learning by ensuring everyone has access to the latest and most relevant skills. Through the Udemy Intelligent Skills Platform and a global community of diverse and knowledgeable instructors, millions of learners gain expertise in a wide range of technical and professional skills — from generative AI to leadership. The Udemy marketplace provides learners with thousands of up-to-date courses in dozens of languages, offering a variety of solutions to achieve their goals. Udemy Business empowers enterprises to offer on-demand learning for all employees, immersive learning for tech teams through Udemy Business Pro, and cohort learning for leaders through Udemy Business Leadership Academy. Udemy Business customers include Fender^Ⓡ, Glassdoor, On24, The World Bank, and Volkswagen. Udemy is headquartered in San Francisco with hubs in Austin and Denver, USA; Ankara and Istanbul, Türkiye; Dublin, Ireland; Melbourne, Australia; and Chennai, Gurugram, and Mumbai, India.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240910011649/en/

Media Contact

Risha Tyagi

Senior Global Corporate Communications Manager

press@udemy.com

Investor Contact

Dennis Walsh

Vice President, Investor Relations

dennis.walsh@udemy.com

Source: Udemy

FAQ

What recognition did Udemy (UDMY) receive from ISG Software Research in 2024?

Udemy received the highest grade for Overall Learning Content Solution in ISG Software Research's Buyers Guide and won the ISG Digital Innovation Award in the human capital management category.

How many learners and organizations does Udemy (UDMY) serve globally?

Udemy serves over 73 million learners and more than 16,000 organizations globally.

What recognition did Udemy (UDMY) receive from Amazon Web Services (AWS) in 2024?

Udemy was recognized as an AWS EdTech and GovTech Champion in the 2024 cohort of the AWS Champions program.

How was Udemy (UDMY) positioned in the 2024 Fosway 9-Grid™ for Digital Learning?

Fosway Group positioned Udemy as a Strategic Challenger in the 2024 Fosway 9-Grid™ for Digital Learning.