2/28/2025

speaker
Alessio
CEO

And this number is only set to grow. We expect this to reach about 100 million users over the next five years. And that's a pretty conservative estimate. So, you know, but what does the Chebo today ultimately enable for our customers? Today, as you all understand very well, we've essentially supported upskilling and reskilling strategies at scale. And as our users grow and continue to grow, what we've been doing with these new products, these new modules, we've continued to add capabilities and NGIN AI and AI are helping us accelerate that. Now, that is the job of today. But what's changing? The workforce is changing. There is work transformation occurring. Over the next five years, about 40% of the workforce and their skills are going to change dramatically. And even more, organizations in most instances don't have the tools and the knowledge to understand their current skill gaps. So we are effectively anticipating this transformation in the market. We are going to execute aggressively on our roadmap to transform what it is the CHEVO today, the LMS for enterprises, to an AI-first learning platform that addresses a broader set of learning needs. What does that mean? In short, LMS learning means addressing primarily passive use cases combined with the classroom or virtual classroom at best. But the future of learning, the transformation that is undergoing, requires a different approach. That is hyper-personalized learning, automated, highly experiential hands-on, and effectively measurable. Okay? That is our vision. Our vision is to transform the table from the strongest enterprise LMS into an AI-first learning platform, an ecosystem that adapts to individual needs. And finally, the way we're going to do that is to leverage Gen AI in a really significant way. And we're going to leverage techniques like Adgentic to augment and accelerate things like platform administration and business process management. But I can't share it all, because the Chebwin Spot is upcoming in April. I hope to see many of you there, and I will be sharing a lot more insights pertaining to the strategy. In conclusion, I am so happy with the recent updates to our product and new modules, but I'm equally thrilled and incredibly excited about our strategy and vision for the future.

speaker
Unnamed Analyst
Analyst

Okay. Thank you. And for my second question, just Could you give us a quick update on FedRAMP, all the activities, where traction is, and whether there's any impact from Doge on the current customer base or on the engagement you've gotten around FedRAMP, you know, how that might be changing your expectations for the near term. And I'll hop back in the queue.

speaker
Alessio
CEO

Exciting update, and I pass it to Brandon Farber.

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