Eruditus acquires iD Tech for $200m cash in landmark acquisition
Founded in 2010 by Chaitanya Kalipatnapu and Ashwin Damera, Eruditus offers management programmes and short courses remotely.
Source: msn.com
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Emeritus Expands into K12 through Acquisition of iD Tech Bringing Equitable STEM Education to Adults and Youth Globally
Emeritus Expands into K12 through Acquisition of iD Tech Bringing Equitable STEM Education to Adults and Youth Globally with a shared goal of bridging the STEM opportunity gap SINGAPORE and MUMBAI, India, May 19, 2021 /PRNewswire/ -- Emeritus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today a definitive agreement to acquire iD Tech, the world leader in youth STEM education for $200 million. The acquisition, which is being made through Emeritus' parent company Eruditus, marks Emeritus' exp...
Source: finanznachrichten.de
Mapping out one edtech company's $200M bet on lifelong learning – TechCrunch
Mapping out one edtech company’s $200M bet on lifelong learning Emeritus' scoop of iD Tech and what it means for edtech Mumbai-based Emeritus, an edtech company that works with universities to create online upskilling courses for employed folks, just spent a big chunk of cash to break into K-12. Emeritus, which is part of the Eruditus group, announced today that it plans to acquire iD Tech, a STEM education service for children. The acquisition, which has not yet closed, is estimated to be around $200 million and leaves iD Tech operating as an independent brand for now. In order to execu...
Source: techcrunch.com