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Workday acquires video learning company Zaption

It will be integrated into Workday Learning, the company's upcoming learning management systems app

Financial trends and news by Steven Loeb
July 1, 2016
Short URL: http://vator.tv/n/4653

HR software provider Workday made a move into a new space last year, learning management systems, with the announcement of Workday Learning. The app is set to debut in the second half of this year, and it just got a potentially big upgrade.

The company acquired video learning company Zaption, it was announced in a blog post from the Zaption team on Thursday. Financial terms of the deal were not disclosed, but it was revealed that Zaption will be shutting down on September 30.

Zaption is a video-based learning platform that includes "interactive tools that engage learners, deepen understanding, and track progress." Teachers, trainers and instructional designers use the platform to find and share existing online videos, and to add images, text, and questions.

The company decided to join Workday, it wrote, because of its "desire to have an even greater impact on how the world learns."

"Workday serves some of the world’s largest organizations and educational institutions that are eager to have better, more engaging learning experiences," the company said.

Zaption's technology will be woven into Workday's applications, including Workday Learning, which will allow employees to create and share content, make tailored learning recommendations, and to see how quickly employees are learning via measurements and insights. Now the app will also include video learbing,

Until Zaption shuts down, users will still have access to their content, which will be deleted at the end of September. While users will no longer be able to post lessons to the Zaption Gallery or to purchase or renew paid subscriptions, the company has extended all individual Pro subscriptions that were set to expire before the company closes up shop at no additional charge.

Zaption will also be providing a prorated refund for any remaining time left on any subscription past September 30.

The company, which was founded in 2012, had raised $1.5 million in seed funding in April of last year from investors that included NewSchools Venture Fund, Redcrest Enterprises, Scion Capital and Telegraph Hill Capital.

Founded in 2005, Workday offers a suite of solutions for human resources and financial management, including payroll, billing, accounting and cash management. It also helps with time tracking, and human capital management, like absences, benefits and organization.

This is Workday's first acquisition since it bought a similar companycloud-based educational video platform company MediaCore, in September of last year. That was right after the reveal of Workday Learning.

VatorNews reached out to Workday, and Zaption, for more information about the acquisition. We will update this story if we learn more. 

(Image source: zaption.com)