About This Deal

Accenture plc acquired Udacity, a transaction completed in May 2024.

Udacity operates in Learning, is based in Mountain View, California, USA. Udacity, based in Mountain View, California, is a digital-education pioneer whose technology courses blend the flexibility of online learning with human instruction; it has served more than 21 million registered learners across 195 countries. Accenture acquired it — adding around 230 people — to power Accenture LearnVantage, its enterprise reskilling business, with proprietary content and scalable learning technology for the AI economy.

Accenture tied the deal to surging enterprise demand to train and upskill people in cloud, data and AI as generative AI reshapes how work gets done.

Accenture LearnVantage

Deal Terms

Acquirer
Accenture plc
Target
Udacity
Value
Not disclosed
Date
May 2024
Type
Full acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Mountain View, California, USA
Segment
Learning
Announced
March 5, 2024
Closed
May 20, 2024

In Their Words

The rise of generative AI represents one of the most transformative changes in how work gets done and is driving a growing need for enterprises to train and upskill people in cloud, data and AI as they build their digital core and reinvent their enterprises. The addition of Udacity to Accenture LearnVantage will enable us to bring Accenture's deep capabilities as a world-class learning organization to clients at scale, helping them build the skills of their people to achieve greater business value.Kishore Durg, Global Lead, Accenture LearnVantage
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.Kai Roemmelt, CEO, Udacity

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗ · SEC filing ↗

See how VectorShift works for your firm

Request Demo