Recent Awards Practice Labs has recently won prestigious awards such as SIIA CODiE 2021 for Best Virtual Lab and Gold Stevie® Award in the 15th annual Stevie Awards for Sales & Customer Service. Highlighting these accolades can be leveraged as a competitive edge to attract new clients looking for top-notch IT training solutions.

Acquisition by Boathouse Capital Practice Labs was acquired by Boathouse Capital, which integrated its operations with ACI Learning. This acquisition can open up opportunities for cross-selling IT training services to ACI Learning's existing client base and vice versa, tapping into a larger market share.

Cybersecurity Practice Labs Bundle Launch The launch of a special bundle of hands-on cybersecurity Practice Labs by Practice Labs presents a prime opportunity to target organizations seeking to enhance their cyber talent. Positioning this new offering as a solution for upskilling in-demand cybersecurity skills can attract security-conscious clients.

Expanded Product Portfolio With the introduction of the Exam Prep product, Practice Labs extended its product portfolio to cater to learners' diverse needs. This diversification can help in approaching a wider audience segment, including individuals preparing for IT certification exams, thereby expanding the sales funnel.

Targeting Mid-Large Enterprises Given Practice Labs' revenue range of $100M - 1B and focus on IT training, the company is well-positioned to target mid-large enterprises like Pearson VUE and Skillsoft. Tailoring solutions to meet the specific training requirements of such corporate clients can result in lucrative sales opportunities.