DigitalThink
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.