DigitalThink explained

DigitalThink, Inc. (acquired by Convergys)
Foundation:	1996
Location:	San Francisco, California
Industry:	Software & Programming
Products:	eLearning Software

DigitalThink was an electronic learning (eLearning) company. Founded in 1996 by Umberto Milletti, Pete Goettner and Steve Zahm ^[1] 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.^[2] 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.^[3]

Acquisition by Convergys Corporation

The company was acquired in March 2004 by Convergys Corporation for $120 million, or approximately $2.40 per share.^[4]

Notes and References

1. Lelic, Simon. Knowledge Management Magazine, (Volume 4, Issue 6) "The future is 'e'"
2. Web site: Welcome internettime.com - BlueHost.com . 2024-07-03 . internettime.com.
3. Web site: McDonald's hires Web trainer . Chicago Sun-Times . July 17, 2001 . December 29, 2011.
4. Web site: 25 March 2004 . Cincinnati company will buy DigitalThink for $120M . bizjournals.com.