LRN

What LRN does

LRN Corporation is a private, PE-backed ethics and compliance technology company founded in 1994 and headquartered in New York. The company sells a modular SaaS platform called Catalyst — composed of Catalyst Reach (training delivery), Catalyst Design (course editing), Catalyst Phishing (behavior-based phishing simulations), Catalyst Reveal (analytics and benchmarking), Catalyst Disclosures, Catalyst Mobile, Catalyst Supplier, plus adjunct products Smart Code of Conduct and E&C Culture Assessment — alongside an extensive proprietary content library covering anti-bribery, anti-money laundering, data privacy, financial conduct, sanctions, government contracting, and code of conduct topics in multiple languages and jurisdictions. LRN also delivers advisory and bespoke training services that complement the platform. The company has served 2,500+ organizations globally since inception, with named enterprise customers spanning financial services (Standard Chartered, American Express, Orix), manufacturing (Dupont, Bosch, Lippert), technology (HP, Dell, HCLTech), pharmaceuticals (Sanofi, Lilly), logistics (FedEx), retail (Victoria's Secret), energy (Schneider Electric), and healthcare (IQVIA), and claims 15 million+ end users across 700+ companies served.

The business operates on an enterprise field sales motion with annual SaaS subscription contracts plus professional services revenue, supplemented by localized marketing operations in the UK, Germany, France, Spain, Japan, Singapore, and Hong Kong. The company is backed by Leeds Equity Partners, which invested in 2018 and supported the 2022 acquisition of Thomson Reuters' Compliance Learning business unit that materially expanded LRN's European and Asia-Pacific footprint. Early 2026 brought a new CEO (Bob Lemmond), a first Chief People & Culture Officer (Patsy Doerr), and a new CMO (Jean Brody), signaling organizational scaling under PE ownership. Recent brand recognition includes the 2024 Inc. 5000 list and Regulation Asia's Best Compliance Training Initiative Provider award, alongside thought-leadership assets such as the annual E&C Program Effectiveness Report and Principled Podcast.

Name

LRN

Legal name

LRN Corporation

Website

https://lrn.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

501–1,000 employees

Short description

LRN is a private, PE-backed ethics and compliance SaaS company that sells the modular Catalyst platform, proprietary training content, and advisory services to enterprise customers across 12+ verticals in North America, Europe, and Asia-Pacific.

Ownership category

akta.pro rank

Product category

Ethics and Compliance Management Software

NAICS

Software Publishers (513210)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Policy Management, Training & Ethics/Whistleblowing (BPAEAPAI)

akta.pro secondary industry

GRC, Policy Management & Controls Testing (SOX/ICFR, audit management) (FSAGAFAM)

Keywords

• Ethics compliance software
• Compliance training platform
• Regulatory compliance solutions
• Code of conduct management
• Compliance advisory services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription - Catalyst Platform: LRN generates revenue primarily through subscription-based SaaS licensing of the Catalyst platform, which includes training delivery, course management, analytics, and compliance tools. Enterprise customers typically purchase comprehensive platform access with modular components.
2. Professional Services - Advisory: Advisory services for ethics and compliance program design, implementation, and optimization complement the software platform, providing a services layer that supports enterprise sales cycles and customer success.
3. Training Content Licensing: LRN offers bespoke training development and licenses pre-built course content covering anti-bribery, anti-harassment, anti-money laundering, data privacy, financial conduct, sanctions, and government contracting topics.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

LRN sells the Catalyst platform, a cloud-based ethics and compliance management SaaS suite that delivers training, course customization, analytics, phishing simulations, disclosures, and supplier training. It complements the software with a large library of pre-built ethics and compliance courses covering anti-bribery, anti-harassment, AML, data privacy, financial conduct, sanctions, and government contracting, plus professional advisory services for program design and implementation. Customers are large enterprises and multinational organizations.

Product overview

LRN offers a platform-plus-modules product architecture built around the Catalyst platform, a comprehensive ethics and compliance management system. The core Catalyst platform provides centralized access, course customization, and metric tracking, which is then extended through specialized modules including Catalyst Reach (training delivery), Catalyst Design (course editing), Catalyst Phishing (phishing awareness training), Catalyst Disclosures (certifications management), Catalyst Reveal (advanced analytics), Catalyst Mobile (mobile access), and Catalyst Supplier (supplier training). Additional offerings include the Smart Code of Conduct (interactive digital code of conduct) and E&C Culture Assessment (culture evaluation tool), complemented by an extensive library of ethics and compliance training courses covering topics such as anti-bribery, anti-money laundering, data privacy, and financial regulations. The company serves 2,500+ organizations worldwide and has helped more than 15 million people across 700+ companies since 1994.

Differentiator

Problem solved

Functional benefit

Brands

• Catalyst: Comprehensive ethics and compliance management platform including Catalyst Reach (training delivery), Catalyst Design (course editing), Catalyst Phishing (awareness training), Catalyst Disclosures, Catalyst Reveal (advanced insights), Catalyst Mobile, and Catalyst Supplier.
• Smart Code of Conduct
• E&C Culture Assessment

Products and services

• Catalyst Platform Cloud-based ethics and compliance management SaaS platform that centralizes training delivery, course editing, phishing awareness, disclosures, advanced analytics, mobile access, and supplier training for enterprise compliance programs.
• Ethics and Compliance Training Courses Pre-built and licensed library of compliance training courses covering anti-bribery and corruption, anti-harassment and DEI, anti-money laundering, code of conduct, data privacy, financial conduct, government contracting, and sanctions and trade controls for enterprise workforces.
• Advisory Services Professional consulting services for ethics and compliance program design, implementation, and optimization delivered directly by LRN advisors to enterprise clients.
• Bespoke Training Custom-developed training content tailored to an organization's specific ethics and compliance needs, policies, and risk areas.
• Smart Code of Conduct Interactive digital code of conduct microsite solution that transforms a company's code into an engaging website, tracks employee interactions, identifies training gaps, and monitors compliance risks.
• E&C Culture Assessment Assessment tool that evaluates and measures an organization's ethics and compliance culture maturity, providing diagnostic insights for program improvement.

Quantifiable outcome

• 81% of organizations report responding well to recent global challenges according to 2026 Ethics & Compliance Program Effectiveness Report
• +3 more outcomes

Named customers19 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

One partnership is on record.

• Nordic Business EthicsminorStrategic or Co-development Partner · 24 November 2025LRN sponsored the 2025 Nordic Ethics & Compliance Survey conducted by Nordic Business Ethics to explore how organizations in the Nordic region integrate ethics, responsibility, and compliance into decision-making. Survey findings are unveiled at regional events, positioning LRN as a thought leader in the Nordic market.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• NAVEX Global: NAVEX Global is the leading pure-play ethics and compliance software vendor, offering policy management, training, whistleblowing, and risk solutions. It is LRN's most direct competitor in enterprise E&C, serving overlapping Fortune 500 customer bases with comparable product scope.
• Skillsoft: Skillsoft is a long-established enterprise learning and compliance training provider offering content libraries across compliance, leadership, and technology topics. It directly competes with LRN's Catalyst training delivery and content offerings in the enterprise market.
• Cornerstone OnDemand: Cornerstone OnDemand is a major enterprise learning management platform with compliance training capabilities. It competes with LRN by bundling compliance modules into a broader talent management suite, often winning against pure-play E&C vendors in mid-market and large enterprise deals.
• SAI Global (SAI360): SAI360 (formerly SAI Global) provides ethics, compliance, and risk management software including policy management and training. It is a direct competitor in the integrated GRC and E&C space, with similar modular product architecture and enterprise customer base.

Broad incumbents

• Workday: Workday Learning is a module within the broader Workday enterprise cloud suite that includes HR, finance, and learning. While not a pure E&C specialist, Workday's bundled compliance training competes with LRN by offering a single-vendor HCM experience attractive to large enterprises standardizing on Workday.
• Wolters Kluwer Compliance: Wolters Kluwer offers compliance and ethics solutions (including its former Thomson Reuters Compliance Learning business acquired by LRN) alongside broader legal, tax, and regulatory products. It competes with LRN in financial services compliance and broader regulatory training, particularly in Europe.

Emerging players

• Docebo: Docebo is an AI-powered enterprise learning platform with growing compliance training capabilities. It represents an emerging threat to LRN from the LMS side, particularly with mid-market enterprises seeking more flexible, modern platforms.
• Absorb Software: Absorb is a cloud LMS provider that includes compliance training functionality. It is a partial competitor targeting enterprise and mid-market buyers seeking modern, user-friendly learning platforms with built-in compliance modules.
• Litmos (by SAP): Litmos, part of SAP, is a cloud LMS offering compliance training and content libraries. It competes with LRN in the mid-market and enterprise segment with the backing of SAP's broader HCM ecosystem (SuccessFactors).
• EQS Group (Convercent/Integrity Hotline): EQS Group acquired Convercent to expand into ethics and compliance software. It offers compliance and whistleblowing solutions that partially overlap with LRN's offerings, particularly in European markets where EQS is headquartered.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/lrn
• LinkedInlinkedin.com/company/lrn

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds3 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LRN