An e-learning specialist for twenty years, Studi is a digital pioneer. The Edtech division of Galileo Global Education, Studi employs 750 people, 700 freelance teachers and trains approximately 70,000 students with state-recognized training.
Meeting with its co-founder and CEO Pierre Charvet.
Studi Group announces record turnover of 120 million euros compared to 20 million euros two years ago! How do you explain this growth dynamics?
Studi has been innovating for twenty years to offer the best of online training. We are also officially number one French in online diploma training. We are fortunate to have created an impressive business whose mission is to support as many people as possible in their professional development or revolution. Our strength today is to have a catalog of 200 training courses, from CAP to Bac + 5, and to offer prices available to as many people as possible.
What impact has the health crisis had on your business?
The health crisis is having a global impact on digital and distance. Structures like ours, specializing in digital, have been more than required. The crisis, which has disrupted the socio-economic environment and the organization of work, has in fact accelerated awareness of retraining opportunities. Training is no longer an option reserved for the minority, it becomes universal, throughout the professional life.
What is the main audience of Studi?
Mainly assets. The average age is 30 years, but we also have 20-year-old students. Or more than 70 years! The study accompanies them, monitors them, coaches, according to their availability.
At the same time, the study pays great attention to job seekers to help them move forward. There is a very strong social problem. We also won two public contracts: the Pôle emploi national contract and the distance learning contract for the Ile de France region. We will train more than 6,000 job seekers in today’s and tomorrow’s jobs. The results are convincing: 70% of jobseekers who have obtained diplomas through our training (Studi Ed. Survey) say they have found a job.
Your catalog, already extremely large, contains 14 sectors. Are you considering additional training courses to reach an even wider audience?
Yes, we are launching training in three new sectors: design, sports and tourism, and games at the end of the year. We are also strengthening our current topics in business and HR with an even greater number of Bac + 2 and Bac +3 trainings, which are our main audience.
How is your relocation project, which aims to bring all Montpellier employees (currently 500) in one place, progress?
We are about to inaugurate the first stone of the Study Center, which will open in March 2023, in the city of Pérols, in the metropolis of Montpellier. The building with an area of almost 10,000 m2 will bring together employees, who are currently located in 11 places! It will be a great tool, perfectly adapted to the new hybrid working methods and designed to best suit our hundreds of flexible office employees.
You have deployed training for the French but also the French-speaking market, especially in Africa …
Yes, earlier this year we successfully launched ISM Online, the first online business school in Senegal. We register 500 students who take accredited Bac + 3 and Bac + 5 courses. The next step will be to offer our African neighbors an affordable, affordable public offering in sectors such as finance, accounting, management, or trade to meet their skills development and growth needs.
Do you have ambitions in the European market?
This is the next step planned for 2022. In the coming weeks, we will start producing our first content in English. We will first offer an offer with international bachelor’s and MBA degrees.
Two years ago, you bought Elephorm, a site that specializes in video training. Do you have other acquisition projects?
We have just joined Health Events, a high-performance structure that trains medical and secondary health professions online (doctors, nurses, physiotherapists, pharmacists, etc.). We are constantly looking for acquisition opportunities, especially on an international scale and more specifically in southern Europe.
What are your recruitment prospects?
We are constantly recruiting. The studio currently has 750 full-time employees and so many freelance lecturers. We can offer a great career to the talents who join us. Our base of values and skills is linked to DNA Studies: openness, curiosity, energy, a sense of service. We plan to hire 250 employees next year. The studio will then go through a milestone of 1,000 employees. The same for coaches: we have an active policy of recruiting consultants. With three-digit growth, this is a great adventure that we are proposing, especially since our goal is to become a European leader within four years and achieve a turnover of EUR 500 million.