Accenture to Acquire EdTech Startup Udacity to Build Its Own Learning Platform Focused on AI

By Jace Dela Cruz

Mar 06, 2024 02:50 AM EST

Accenture has announced its plan to acquire the EdTech startup Udacity to bolster its educational offerings in response to the growing demand for AI-focused learning resources.

While the financial details of the acquisition were not disclosed, Accenture also revealed its plan to invest $1 billion in developing a technology learning platform, LearnVantage.

(Photo : PAU BARRENA/AFP via Getty Images)
The Accenture logo is displayed at the Mobile World Congress (MWC) in Barcelona on February 26, 2019. - Phone makers will focus on foldable screens and the introduction of blazing fast 5G wireless networks at the world's biggest mobile fair as they try to reverse a decline in sales of smartphones.

Accenture Plans to Acquire Udacity

In a press release, Accenture said Udacity's team of more than 230 professionals will join Accenture LearnVantage, a platform designed to provide clients with comprehensive technology learning and training services.

These services aim to help people reskill and upskill in technology, data, and AI to reinvent their organizations and achieve greater business value.

Udacity's services combine online flexibility with personalized instruction. By acquiring Udacity, Accenture aims to leverage its expertise in developing proprietary technology courses and its ability to bridge the gap between online education and practical workplace skills.

'Cutting-Edge Tech Education'

"As we join forces with Accenture, we are thrilled to embark on this next chapter of our journey. Together, we are dedicated to delivering impactful and cutting-edge tech education that enables individuals and organizations to unlock their potential," said Kai Roemmelt, CEO of Udacity.

"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," he added.

The completion of the acquisition is still subject to customary closing conditions, including the necessary antitrust clearances.