Thinkific Announces Multiple Feature Advancements for its Enterprise Customer Education Platform, 'Plus' to Continue Growth Momentum

• Advanced API facilitates rich data analysis and the development of custom applications
• Suite of new features enhance user engagement creating more interactive and 'sticky' learning experiences
• SCORM support allows users to seamlessly migrate to Thinkific Plus from other LMS providers and enhance learner experience and engagement

VANCOUVER, BC, June 5, 2024 /CNW/ - Thinkific, a leading platform in digital learning and creator economy tools, announced today a series of platform updates and feature enhancements to its enterprise customer education solution, Thinkific Plus. Building on the growth momentum of the Plus business, these improvements are designed to make it easier to get started and enhance functionality for its rapidly expanding base of SMEs and enterprise customers.

Thinkific Plus provides a powerful platform for organizations building external training programs to accelerate their customer onboarding, reduce churn, and fuel growth. Thinkific Plus, which saw growth reach 28% in Q1, 2024, caters to a broadening array of notable clients with recent additions including Columbia University, the New Zealand Parliament, go-to-market AI platform, CopyAI, and global task automation firm, Make.com.

As the demand for comprehensive digital learning solutions rises, Thinkific unveiled its all new open API which allows enterprise customers flexibility to customize and shape their educational environments. By integrating seamlessly with existing tools, the API facilitates actionable insights through rich data analytics and the development of custom applications. This enables organizations to build out highly personalized educational experiences that are beyond what many Learning Management System (LMS) providers can deliver.

The Plus platform has also recently introduced several new features designed to boost user engagement. Features include advanced customization options such as digital badges (to encourage learning and reward participation), notifications, in-course pop-ups, and timers, all designed to empower educators to create more interactive and 'sticky' learning experiences.

Additionally, Thinkific has built SCORM functionality (Sharable Content Object Reference Model), an e-learning standard that ensures content can be seamlessly integrated across various LMSs, making it easier to migrate to Thinkific from other platforms. It also supports the use of third-party content authoring tools, such as Rise 360, Storyline and Adobe Captivate, to drive higher learning engagement by creating interactive experiences such as games, choose-your-own-adventure paths and simulations. This delivers on Thinkific's promise to help customers get started quickly by accelerating their onboarding, reducing churn and fueling their bottom line.

Greg Smith, CEO of Thinkific, shared his enthusiasm about the trajectory of the Plus business commenting: "Our strategic investments in Thinkific Plus are beginning to expand the platform's capabilities ahead of many competitors in the space and significantly enhancing the value we deliver to our customers. With continuous enhancements, we are equipping our clients with the tools necessary to build and scale exceptional customer education programs."

For more information about Thinkific Plus and its new features, visit www.thinkific.com/plus.

About Thinkific
Thinkific (TSX:THNC) makes it simple for creators and established businesses of any size to scale and generate revenue by teaching what they know. Our platform gives businesses everything they need to build, market, and sell digital learning products - from courses to communities - and to run their business seamlessly under their own brand, on their own site. Thinkific's 50,000+ active creators earn hundreds of millions of dollars in direct course, membership and community sales while teaching tens of millions of students. Thinkific is headquartered in Vancouver, Canada, with a distributed team.

For more information, please visit www.thinkific.com.

This news release includes forward-looking statements and forward–looking information within the meaning of applicable securities laws ("forward-looking statements"). Often, but not always, forward–looking information can be identified by the use of words such as "plans", "is expected", "expects", "scheduled", "intends", "contemplates", "anticipates", "believes", "proposes" or variations (including negative and grammatical variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include statements regarding the Company's introduction of new Plus features designed to help businesses leverage Thinkific's Plus platform to enhance their company's growth, and increase customer retention; the anticipated benefits that these new features can have for our Plus customers including enhanced learner experience, ability to quickly develop and integrate custom tools, rich data analytics that can drive actionable insights; the Company's addressable markets for its solutions; capturing market share; competitive advantage; advances in and expansion of the Company's offered platform service; the continued development and success of new products and services; expectations related to increased adoption of Thinkific's platform and standalone products; and expectations regarding revenue and the revenue generation potential of Thinkific. Such statements and information are based on the current expectations of Thinkific's management, and are based on assumptions and subject to risks and uncertainties. Although Thinkific's management believes that the assumptions underlying these statements and information are reasonable, they may prove to be incorrect. Except as required by applicable securities laws, forward–looking statements and information speak only as of the date on which they are made and Thinkific undertakes no obligation to publicly update or revise any forward–looking statement or information, whether as a result of new information, future events or otherwise.

SOURCE Thinkific Labs Inc.

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