Udacity, a digital education startup based in Mountain View, California, will be acquired by Accenture (NYSE: ACN).
Udacity specializes in creating and delivering exclusive technology courses that combine the advantages of in-person instruction with the flexibility of online learning.
Acquisition completion is contingent upon standard closing conditions, such as obtaining necessary antitrust clearances. The agreement’s specifics were not made public.
Accenture will benefit from Udacity’s ability to bridge the gap between online education and workplace relevance by integrating unique content, professional services, and scalable learning technologies through this acquisition.
The more than 230 professionals at Udacity will become part of Accenture LearnVantage, which offers its clients comprehensive technology learning and training services.
This will enable clients to upskill and reskill their workforce in data, AI, and technology, enabling them to reinvent their businesses and generate more value.
Udacity is a talent transformation platform that was founded in 2011 and is run by CEO Kai Roemmelt. It offers career development in AI and tech to create value for customers.
Udacity has provided customized course offerings in numerous languages, including English, Arabic, Korean, and Spanish, to over 21 million enrolled learners in 195 countries.
It does this through its network of over 1,400 experts and a library of original content co-created with industry leaders.
