MOUNTAIN VIEW, Calif. - In a strategic move to enhance its educational services, Accenture (NYSE: NYSE:ACN) has reached an agreement to acquire online learning platform Udacity. The financial terms of the deal, expected to close subject to customary closing conditions including antitrust clearances, have not been disclosed.
Udacity is renowned for its innovative approach to digital education, offering technology courses that combine online learning flexibility with the benefits of human instruction. With this acquisition, over 230 Udacity professionals will join Accenture's newly announced Accenture LearnVantage division.
This integration aims to provide Accenture's clients with extensive technology learning and training services, aiding in the reskilling and upskilling of their workforce in areas such as technology, data, and AI.
The acquisition is poised to enhance Accenture's capabilities by incorporating Udacity's proprietary content, expert services, and scalable learning technology. This move is expected to bridge the gap between online education and workplace applicability effectively.
Udacity has made a significant impact since its inception in 2011, transitioning from a consumer-focused entity to a talent transformation platform. It has delivered career development in AI and tech to over 21 million registered learners across 195 countries.
Udacity stands out in the crowded market with its high-quality content and 'human in the loop' learning model, focused on practical technical skills and outcomes.
Kishore Durg, global lead of Accenture LearnVantage, highlighted the transformative potential of generative AI in the workplace and the growing need for enterprise training in cloud, data, and AI. Udacity's integration is expected to leverage Accenture's expertise in world-class learning to deliver greater business value to clients at scale.
Udacity's CEO, Kai Roemmelt, expressed enthusiasm for the new chapter with Accenture, emphasizing the joint commitment to impactful tech education and potential to reach an even broader audience of learners.
Accenture, a global professional services company, aids clients in building their digital core and optimizing operations. The company boasts approximately 743,000 employees serving clients in over 120 countries. This acquisition aligns with Accenture's talent and innovation-driven strategy, reinforcing its position as a leader in driving technological change.
This article is based on a press release statement.
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