DigitalThink was an electronic learning (eLearning) company. Founded in 1996 by Umberto Milletti, Pete Goettner and Steve Zahm At one time it was termed a Business Solution Provider (BSP) but would likely be viewed in modern terms as a software-as-a-service (SaaS) model.
DigitalThink was one of the first eLearning companies to incorporate online mentors and tutors into their offering. A notable accomplishment of the company was to secure a deal with McDonald's corporation to provide McDonald's with a global, web-based training program.
Acquisition by Convergys Corporation
The company was acquired in March 2004 by Convergys Corporation for $120 million, or approximately $2.40 per share.4
References
Lelic, Simon. Knowledge Management Magazine, (Volume 4, Issue 6) "The future is 'e'" http://www.e-learningzone.co.uk/feature7.htm ↩
"Welcome internettime.com - BlueHost.com" (PDF). internettime.com. Retrieved 2024-07-03. http://internettime.com/itimegroup/MOE4.PDF ↩
"McDonald's hires Web trainer". Chicago Sun-Times. July 17, 2001. Retrieved December 29, 2011. http://nl.newsbank.com/nl-search/we/Archives?p_product=CSTB&p_theme=cstb&p_action=search&p_maxdocs=200&p_topdoc=1&p_text_direct-0=0EE3F20596036D61&p_field_direct-0=document_id&p_perpage=10&p_sort=YMD_date:D&s_trackval=GooglePM ↩
"Cincinnati company will buy DigitalThink for $120M". bizjournals.com. 25 March 2004. http://www.bizjournals.com/sanfrancisco/stories/2004/03/22/daily34.html ↩