D2L completed the spin-off of D2L Wave.

D2L, a Canada-based global software company and Brightspace learning management system developer, completed the spin-off of D2L Wave, a workforce education marketplace. Financial terms were not disclosed. "This transaction makes strategic sense for both entities and reflects the reality that Wave is at an earlier stage of development than our core business, and has a different business model and investment requirements. Wave is a unique upskilling technology that has gained traction in an area with long-term potential. As a separate company, we believe it will be better positioned to advance its business plan. For D2L, we are excited to sharpen our focus on our core offerings within the education and corporate learning markets. We have strong momentum in higher education, as reflected in our 50% win rate and number two market position by enrollments in North American higher education and our success in penetrating targeted international markets. We continue to have high conviction in the corporate learning opportunity – this remains a key growth area of our business," Stephen Laster, D2L President.