D2L, Inc. (TSE:DTOL) has released an update.
D2L Inc. is spinning off its early-stage upskilling technology unit, D2L Wave, into an independent entity named SkillsWave Corporation, with majority ownership going to John Baker’s company and D2L retaining a 30% stake. The move allows D2L to sharpen its focus on the growth and profitability of its core SaaS business, which is led by the Brightspace learning platform, predominantly serving the corporate sector. This strategic realignment is intended to provide continuity for customers and partners while enabling D2L to continue its growth trajectory in the corporate learning market.
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