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Docebo

SaaS learning platform for corporate training

Overview

Docebo provides a cloud-based learning platform for businesses to train employees and other stakeholders by combining formal, social, and experiential learning. It operates as a Software-as-a-Service (SaaS) product, where clients subscribe to access features like course management, social learning tools, AI-driven recommendations, and analytics. Users enroll and track training, receive personalized learning paths, and measure progress within a scalable interface that supports multiple learning modalities. Compared with typical LMS options, Docebo emphasizes integrating formal, social, and experiential learning in one system and uses artificial intelligence to tailor content and recommendations to each learner and organization. The goal is to help companies improve workforce development by offering accessible, scalable, and personalized learning experiences that boost skills and performance across their teams.

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About Docebo

Simplify's Rating
Why Docebo is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise SoftwareAI & Machine LearningEducation

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

2005

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What believers are saying

  • Q3 2026 subscription revenue rose 12% to $65.2 million, with Q4 guided 12.8%.
  • Docebo raised 2026 revenue growth guidance to 14% after multiple increases.
  • More than 50 customers piloted Agents, including a retailer saving managers 10 hours monthly.

What critics are saying

  • Docebo depends on a few large customers; one OEM drove 3%-4% of 2026 revenue.
  • AI agents raise security and compliance exposure if permissions fail or data leaks.
  • Special dividend and $150 million debt capacity increase leverage if growth decelerates in 2027.

What makes Docebo unique

  • Docebo’s October 28, 2026 Knowledge and Agents link learning to enterprise knowledge.
  • Docebo’s January 20, 2026 acquisition of 365Talents embeds skills intelligence into workflows.
  • Docebo’s headless MCP integrations reach Microsoft Copilot, ChatGPT, Claude, SharePoint, and Slack.

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Funding

Total Funding

$157.6M

Above

Industry Average

Funded Over

6 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison Coming Soon

Benefits

  • Paid Vacation
  • Employee Stock Purchase Plan
  • Hybrid Work Options
  • Remote Work Options

Stock Price

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
EAA
Nov 9th, 2026
NAR CEO reassures local leaders over new learning platform.

NAR CEO reassures local leaders over new learning platform. By E-A-A / November 9, 2026 National Association of Realtors CEO Nykia Wright recently addressed widespread industry anxiety regarding the upcoming launch of a revamped learning management system. Speaking at the NAR NXT conference, Wright reassured state and local association leaders that the digital initiative represents a collaborative partnership rather than a competitive threat. For deeper insights into how modern structural updates impact the industry, feel free to explore its collection of architecture articles. These resources provide broader context on how professional frameworks continue to evolve over time. Table of Contents Addressing industry anxiety and legacy systems. Association executives had previously expressed worry that NAR intended to infringe upon their independent educational offerings and local programming revenue. Wright clarified these misconceptions by emphasizing that NAR has proudly maintained its Center for Realtor Development for three decades, successfully serving over 800,000 credential holders. The core objective of the reboot is simply to replace an outdated platform that frequently suffered from clunky technical glitches and a dated user experience. By modernizing the digital architecture, NAR hopes to streamline professional development for all active members across the country. Modernizing with Docebo and white-label solutions. To successfully overhaul the system, NAR partnered with the prominent learning vendor Docebo to launch six popular courses initially, with a dedicated mobile application rollout scheduled for early 2027. This technological leap forward ensures that agents can access critical training materials efficiently on any modern device. Furthermore, Wright highlighted that the upgraded platform will empower local associations and individual brokerages to white-label the software using their own unique branding. This built-in customization is specifically designed to alleviate financial burdens on local organizations while collectively elevating national industry professionalism. Future-Proofing professional growth. Alongside the software upgrade, NAR is introducing a comprehensive verified instructor training program coupled with partnerships involving world-class educators. These strategic additions aim to attract top-tier talent and guarantee high educational standards across every single market tier. Ultimately, Wright stressed that the entire modernized ecosystem is intended to share vital information broadly without disrupting established local association businesses. Members can look forward to a seamless transition when the new platform officially goes live on December 1. Additional Reading:

SaasRise
Nov 7th, 2026
Docebo posts 12% YoY subscription revenue rise, highlights strong enterprise LMS demand.

Docebo posts 12% YoY subscription revenue rise, highlights strong enterprise LMS demand. SaasRise - Nov 7, 2026 Docebo (DCBO) posted Q3 2026 subscription revenue of $65.2 million, a 12% year-over-year increase, while total revenue rose 14% to $70.3 million. The LMS vendor also announced a $60 million special dividend, reflecting confidence in recurring cash flow amid expanding enterprise contracts. Why it matters. Docebo's double-digit subscription growth validates the resilience of the corporate learning SaaS segment, where enterprises are allocating larger budgets to upskill workforces. The rise in ACV and professional-services revenue signals a shift toward deeper, multi-product engagements, reinforcing the importance of a hybrid PLG-sales model for SaaS firms targeting large organizations. Moreover, the special dividend and share-repurchase program demonstrate how mature SaaS companies can leverage predictable cash flows to return capital, setting a benchmark for other vertical SaaS players seeking to balance growth with shareholder value. The company's expanded debt capacity and low net-debt-to-EBITDA ratio also illustrate how a strong recurring revenue base can unlock cheap financing for strategic initiatives, such as AI-driven learning analytics or international expansion. Competitors will need to match Docebo's enterprise focus and margin discipline to compete effectively in a market where customers demand both robust content delivery and measurable ROI. Key points. * Subscription revenue rose 12% YoY to $65.2 M, despite a 1-point FX drag. * Total revenue grew 14% to $70.3 M; ARR reached $261.5 M, up 11%. * Average contract value jumped 24% to $77,900, reflecting larger enterprise deals. * Professional services revenue surged 42.2% to $5.1 M, pressuring gross margin to 79.3%. * Docebo announced a $60 M special dividend and $82 M share-repurchase program, funded by increased debt capacity. Analysis. Docebo's Q3 performance underscores a broader inflection point for vertical SaaS firms that have traditionally relied on a pure subscription model. The 24% ACV uplift indicates that enterprise buyers are consolidating learning platforms under a single vendor, a trend accelerated by the need for integrated analytics and compliance reporting. This consolidation creates a defensible moat: once a large organization embeds a learning management system across multiple business units, switching costs rise sharply, protecting future revenue streams. The pronounced growth in professional services suggests that Docebo is effectively monetizing implementation and customization - an increasingly common tactic among SaaS vendors to boost net-new ARR while deepening customer relationships. However, the associated margin compression highlights a trade-off: scaling services can erode the high-margin subscription base if not managed carefully. Companies that can automate more of the implementation process, perhaps through AI-driven onboarding, will preserve margins while still capturing the upside of services revenue. Finally, the special dividend and aggressive share-repurchase program signal that Docebo's leadership views its cash-flow profile as sufficiently predictable to return capital without jeopardizing growth. This approach may set a precedent for other mature SaaS firms in the learning space, especially as investors demand tangible returns in a low-interest-rate environment. The key question for Docebo - and its peers - will be whether they can sustain double-digit subscription growth while expanding the services component and navigating currency volatility, all without diluting the high-margin, recurring nature that defines the SaaS model.

PR Newswire
Oct 29th, 2026
NIIT Learning Systems Limited acquires Bluewater Learning to power ai-driven learning and talent transformation.

NIIT Learning Systems Limited acquires Bluewater Learning to power ai-driven learning and talent transformation. Oct 29, 2026, 12:00 ET Expands HCM Technology Advisory, Integration, and Managed Services Capabilities ATLANTA, Oct. 29, 2026 /PRNewswire/ - NIIT Learning Systems Limited (NSE, BSE: NIITMTS), a global leader in Managed Learning Services, today announced that it has acquired 100% of Bluewater Learning, LLC ("Bluewater"), a strategic learning and talent transformation partner that helps organizations connect workforce capabilities, learning ecosystems, and technology investments to business priorities. The acquisition has been completed through NIIT Learning's wholly owned subsidiary, NIIT (USA), Inc., for an aggregate consideration of up to USD 17.6 million, including performance-based earnouts over the next five years, subject to certain customary adjustments in accordance with the definitive agreements. Founded in 2003 and headquartered in Plano, Texas, Bluewater partners with organizations to help them navigate learning and talent transformation. Combining strategic advisory, technology solutions, and ongoing operations, Bluewater helps clients develop strategies, implement solutions, and support the organizational changes needed for long-term success. Over the past two decades, Bluewater has served more than 1,100 clients and completed more than 5,000 learning and talent projects. As AI transforms how work gets done, talent transformation has become an essential enabler of business change. Enterprises are navigating shifting skills requirements, new and emerging roles, and increasingly complex learning and talent ecosystems built on enterprise HCM platforms and data. The union brings together Bluewater's strategic advisory, implementation, and integration expertise with NIIT Learning's global managed learning services capabilities and scale, creating the right-sized, trusted, global HCM and talent transformation partner for large enterprises. Bluewater's deep partnerships with leading learning and talent technology platforms, including Cornerstone and Docebo, along with NIIT Learning's partnerships with Cornerstone, Docebo, Workday, SuccessFactors, Sana Labs, Degreed, Litmos, and Adobe Learning, further strengthen the combined organization's ability to support clients with a total bench strength of 210 certified HCM consulting and implementation professionals with over 1000 certifications across multiple platforms. Together, the companies offer what large enterprises have been seeking: the global reach and reliability of a large, global managed learning services provider, with the specialist depth in and exclusive focus on HCM technology for learning and talent transformation. The combined organization connects business strategy, talent capabilities, technology and data decisions, and ongoing operations to deliver real-time performance visibility, hyper-personalized learning, and sustainable business outcomes. As organizations take on massive talent transformation in the age of AI, NIIT is evolving into a trusted business partner that leads clients to "Transform and Operate" their AI-enabled L&D. The acquisition supports NIIT Learning's growth strategy through: * Expanded strategic advisory capabilities that help organizations align learning, career development, and workforce strategies with AI-driven business priorities, assess skills and organizational readiness, and build actionable transformation roadmaps. * Deeper learning and talent technology expertise spanning platform strategy, implementation, enhancement, and optimization, along with API-led integration and data orchestration across HCM and other enterprise systems. * Strong operational and managed services capabilities that combine Bluewater's technology expertise with NIIT Learning's global delivery scale to simplify operations, accelerate proficiency development, and sustain the value of technology investments. * Expanded opportunities for clients and technology partners, bringing together complementary capabilities to support evolving learning, talent, and workforce needs at enterprise scale. "AI is driving the most significant transformation of the talent and learning landscape we have ever seen, and enterprise HCM platforms and data will sit at the center of it. For more than two decades, Bluewater has built trusted, strategic partnerships with the world's leading HCM technology companies. Their advisory, implementation, and integration expertise complements NIIT Learning's global managed learning services capabilities and significantly expands our HCM technology solutions portfolio. Together, we offer large enterprises a global, reliable, and specialist partner that combines strategic guidance, deep technology expertise, and delivery at scale to drive meaningful business outcomes," said Sapnesh Lalla, Chief Executive Officer and Executive Director, NIIT Learning. Chris Bond, Founder and Chief Executive Officer of Bluewater Learning, said, "I'm genuinely excited for Bluewater to join the NIIT Learning family. For twenty-three years, our clients have trusted us with some of their most important learning and talent work, and many of those relationships go back well over a decade. That trust is what we're proudest of, and it's what we bring into this next chapter. NIIT Learning brings expanded capabilities and a strong track record of delivering great client experiences, giving us an unprecedented opportunity to drive greater impact together. With the scale to do more and the flexibility our clients count on, we can help organizations strengthen workforce readiness, build organizational agility, and achieve long-term business outcomes." About NIIT Learning Systems Limited NIIT Learning is the trusted, award-winning L&D and talent partner for the world's leading companies, and a recognized leader in AI maturity for learning and development. Established in 1981, NIIT Learning helps enterprises build the AI operating model, infrastructure, and fluency that a human + AI workforce demands, pairing AI-powered managed learning with strategic consulting to solve the most complex challenges in learning, talent, skills, and workforce transformation. Across 40+ countries, our experienced learning teams help clients thrive in an AI-first world with AI-first L&D transformation solutions, reskilling employees at scale through intelligent coaching and dynamic simulations embedded directly into the workflow. With a Net Promoter Score of 9.65/10 and an industry-leading renewal rate, we help leading companies reimagine their learning ecosystems and increase the business value and impact of learning. About Bluewater Learning Bluewater Learning helps organizations transform how learning and talent contribute to business performance. Combining strategic advisory, deep learning technology expertise, and ongoing operational support, Bluewater partners with clients to align workforce priorities with learning strategies and technology investments. Through a business-first, technology-informed approach, Bluewater helps organizations move beyond isolated learning initiatives to build connected, sustainable learning ecosystems that support workforce readiness, organizational agility, and long-term business outcomes. SOURCE NIIT (USA), INC.

MarketScreener
Oct 28th, 2026
Docebo Inc. launches Docebo Knowledge and Docebo Agents.

Docebo Inc. launches Docebo Knowledge and Docebo Agents. Published on 10/28/2026 at 11:37 am EDT S&P Capital IQ Docebo Inc. had launched Docebo Knowledge and Docebo Agents. Docebo Knowledge turns scattered enterprise information into a trusted knowledge layer connected to learning. Learners can search across training content and connected systems across their tech stack without accessing each separately or paying for a dedicated enterprise search tool. Docebo Knowledge indexes content from Docebo, including SCORM and xAPI packages, alongside approved sources such as SharePoint, Confluence, Google Drive, and Slack. People get direct, source-grounded answers, procedures, videos, and source links in one experience, then move from an answer to the course, certification, practice, or workflow that follows. Knowledge inherits the permissions set in each connected source system, so learners and their agents only see content they?re authorized to access. Docebo Agents automate multi-step workflows across Docebo and connected enterprise systems. They take on the workflows behind learning and upskilling, reducing administrative overhead and personalizing the learning experience. These agents include both curated, pre-built agents and a no-code custom agent builder. Four pre-built agents are available at launch: Authoring Agent turns source material, from an uploaded file or a connected source into structured courses in Docebo Creator with interactive elements and assessments; Tutor Agent answers learner questions inside a course or learning plan using the course material and approved company knowledge, so learners don?t have to stop and track down a trainer or colleague; Reinforcement Agent keeps learning active after a course ends with personalized, spaced practice sessions that build on each learner?s previous answers; Marketplace Agent lets admins describe the content they need, compare options from third-party providers side by side, and import courses directly. More pre-built agents will be released in the coming months. Organizations can create custom agents by describing the goal, instructions, and permitted actions, with no coding required. These agents are deeply connected to the learning system and learner profile. Docebo Agents are built with oversight from the start. Admins decide which agents run, who can use them, and which actions need human approval before they happen. Every action respects existing permissions and is logged, giving IT, security, and compliance teams a full audit trail. AI credit usage is visible and manageable, so organizations can expand their use of agents with costs they can predict. Docebo is also continuing to extend learning beyond its own interface as part of its advancing headless platform strategy. Through Model Context Protocol, Docebo connects to the AI assistants and enterprise tools employees already use, including Microsoft Copilot, ChatGPT, and Claude. Employees can find content, check their progress, and enroll in courses without opening Docebo, while admins can complete platform tasks like reporting, enrollments, and more. Docebo Knowledge and Docebo Agents are available to all Learn customers. (C) S&P Capital IQ - Business Wire - 2026

Docebo
Oct 28th, 2026
Docebo expands workforce readiness platform with launch of Knowledge and Agents.

Docebo expands workforce readiness platform with launch of Knowledge and Agents. Organizations can now build workforce readiness at enterprise scale, with trusted answers in the flow of work and agents that take on the manual work behind learning. TORONTO - October 28, 2026 - Docebo Inc. (Nasdaq: DCBO; TSX: DCBO) the Enterprise Platform for the AI-era workforce, unifying skills intelligence, learning, and knowledge in one closed loop, announced today that the Company has launched Docebo Knowledge and Docebo Agents. The launch delivers on the vision Docebo set out at its Inspire conference earlier this year: one AI platform where learning, skills intelligence, and organizational knowledge work together, empowered by agents, to keep employees, customers, and partners ready as work changes. With Knowledge and Agents now live, Docebo brings together people's skills, what they're learning, and knowledge of how the business runs, and puts that context to work through agents that act across systems where the work happens. Now, workforce readiness becomes something customers can build and prove continuously. Docebo Knowledge Docebo Knowledge turns scattered enterprise information into a trusted knowledge layer connected to learning. Now, learners can search across training content and connected systems across their tech stack without accessing each separately or paying for a dedicated enterprise search tool. Docebo Knowledge indexes content from Docebo, including SCORM and xAPI packages, alongside approved sources such as SharePoint, Confluence, Google Drive, and Slack. People get direct, source-grounded answers, procedures, videos, and source links in one experience, then move from an answer to the course, certification, practice, or workflow that follows. By connecting knowledge retrieval to formal learning and action, Docebo helps organizations put existing content to work, reduce time spent searching, and build capability in the moment of need. Knowledge inherits the permissions set in each connected source system, so learners and their agents only see content they're authorized to access. Docebo Agents AI agents are only as useful as the context behind them. Most can reach historical company data, but few know a user's learning history and skills gaps, or the organization's skills taxonomies. Docebo Agents are built to run on this skills and learning data, alongside trusted organizational knowledge. Docebo Agents automate multi-step workflows across Docebo and connected enterprise systems. They take on the workflows behind learning and upskilling, reducing administrative overhead and personalizing the learning experience. These agents include both curated, pre-built agents and a no-code custom agent builder. Four pre-built agents are available at launch: * Authoring Agent turns source material, from an uploaded file or a connected source into structured courses in Docebo Creator with interactive elements and assessments. * Tutor Agent answers learner questions inside a course or learning plan using the course material and approved company knowledge, so learners don't have to stop and track down a trainer or colleague. * Reinforcement Agent keeps learning active after a course ends with personalized, spaced practice sessions that build on each learner's previous answers. * Marketplace Agent lets admins describe the content they need, compare options from third-party providers side by side, and import courses directly. More pre-built agents will be released in the coming months. For anything pre-built agents don't cover, organizations can create custom agents by describing the goal, instructions, and permitted actions, with no coding required. These agents are deeply connected to your learning system and learner profile, in ways third-party agents can't replicate. "Every organization is about to run two workforces: its people and the agents working alongside them," said Alessio Artuffo, President & Chief Executive Officer of Docebo. "Both need the same things to perform well: trusted knowledge and an accurate picture of skills. That's the foundation Docebo is now built on. Agents run through the platform, taking on the manual work that has held learning teams back for years. Every employee gets development shaped around their own skills and goals. Less time on administration. Less budget spent on work that doesn't move the business. More capability where it counts." More than 50 customers across industries including transportation, retail, distribution, and food service piloted Docebo Agents before launch. These customers are already seeing real results: * A leading international electronics distributor used the Marketplace Agent to cut roughly five hours a month of manual content curation for each administrator. * A global restaurant operator used the Reinforcement Agent to save store managers about 10 hours a month on training follow-up and the Tutor Agent to resolve 25% of frontline training questions without an administrator. * A retail company that onboards 2,500 new hires a year built its own custom onboarding agent, which the company expects will give sales managers one to two hours back per new hire. Built for enterprise control As agents take on real work, leaders need to know what each one can do, what it can access, and what it costs. Docebo Agents are built with that oversight from the start. Admins decide which agents run, who can use them, and which actions need human approval before they happen. Every action respects existing permissions and is logged, giving IT, security, and compliance teams a full audit trail. AI credit usage is visible and manageable, so organizations can expand their use of agents with costs they can predict. Learning wherever work happens Docebo is also continuing to extend learning beyond its own interface as part of its advancing headless platform strategy. Through Model Context Protocol (MCP), Docebo connects to the AI assistants and enterprise tools employees already use, including Microsoft Copilot, ChatGPT, and Claude. Employees can find content, check their progress, and enroll in courses without opening Docebo, while admins can complete platform tasks like reporting, enrollments, and more. As more work starts inside AI assistants, Docebo is building the infrastructure to bring learning, skills, and knowledge there too. Docebo Knowledge and Docebo Agents are available now to all Learn customers. To learn more or schedule a demo, visit https://www.docebo.com/demo/ About Docebo Docebo is the AI platform for learning and upskilling. Learning, Skills Intelligence, Knowledge, and Agents work as one connected system; continuously detecting gaps, closing them where people work, and validating that capability actually changed. With Docebo's end-to-end readiness platform, organizations worldwide are equipped to deliver scaled, personalized learning and upskilling across all their audiences and use cases, driving growth and powering their business. This news release may contain forward-looking information and statements, including statements about new product releases and its anticipated benefits. Such information is based on current assumptions and is subject to risks and uncertainties that could cause actual results to differ materially. There can be no assurance that it will prove accurate, and readers should not place undue reliance on it. This information speaks only as of the date of this release, and the Company undertakes no obligation to update it except as required by applicable securities laws. Joe Rosengarten Director, Corporate Communications [email protected] +1.416.455.6459 Mike McCarthy Vice President, Investor Relations [email protected] +1.214.830.0641

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