Accenture to Acquire EdTech Leader Udacity to Accelerate Capabilities of Accenture LearnVantage
Summary
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Accenture (NYSE: ACN) has agreed to acquire Udacity, a digital education pioneer with deep expertise in the development and delivery of proprietary technology courses that blend the flexibility of online learning with the benefits of human instruction. The acquisition will bring to Accenture Udacity’s capabilities in integrating proprietary content, expert services and scalable learning technology while seamlessly bridging the gap between online education and workplace relevance. Through its highly regarded network of more than 1,400 experts and a vast library of exclusive content co-created with industry leaders, Udacity has served more than 21 million registered learners in 195 countries, providing localized course offerings in multiple languages, including English, Arabic, Korean and Spanish. “This combined with Accenture’s world-class expertise and global footprint will allow us to reach even more learners and amplify our impact, empowering millions to thrive in the digital economy.” Completion of the acquisition is subject to customary closing conditions, including required antitrust clearances. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied.