Emeritus Expands into K12 through Acquisition of iD Tech Bringing Equitable STEM Education to Adults and Youth Globally
Summary
Both iD Tech and Emeritus share the belief that such offerings will only continue to grow in interest, and we are confident that we can open access for people everywhere to our courses and instructors.” Damera explained that Emeritus’ global reach — its university partnerships and corporate clients span North and South America, Europe, the Middle East, Asia and Southeast Asia, and 3x growth in emerging markets — combined with the fact that iD Tech has students from 135 countries and all 50 states in the US, makes for an unprecedented life-long learning proposition for students and professionals worldwide. Its unique model of state-of-the-art technology, curriculum innovation, and hands-on instruction from senior faculty, mentors and coaches educates more than 100,000 students per year across 80 countries. Founded in 2015, Emeritus, part of Eruditus Learning Solutions has more than 1,000 employees globally and offices in Mumbai, New Delhi, Shanghai, Singapore, Palo Alto, Mexico City, New York, Boston, London, and Dubai. The company has raised over $160 million in capital and is backed by the Chan Zuckerberg Initiative, Sequoia India, Leeds Illuminate, and Prosus Ventures. The family company was founded by a mother-daughter duo over 20 years ago in Silicon Valley and operates year-round online programs, in addition to summer camps at more than 150 top universities worldwide.