The AI-native learning platform Accenture LearnVantage is tailored to help industries and governments identify gaps in relevant skills being created by technological advancements and to provide industry-specific training at speed and scale
Accenture plans to invest $1bn in Accenture LearnVantage over three years and to acquire Udacity. (Credit: JiriMatejicek/Wikimedia Commons)
Accenture has agreed to acquire US-based digital education company Udacity to bolster the former’s newly introduced artificial intelligence (AI)-native learning platform Accenture LearnVantage.
The financial terms of the deal were not revealed.
Following the completion of the deal, Udacity’s team of over 230 professionals will join Accenture LearnVantage.
Launched on the same day, Accenture LearnVantage will offer clients extensive technology learning and training services.
It will help them to reskill and upskill their people in technology, data and AI to reinvent their organisations and achieve greater business value.
Accenture plans to invest $1bn in the new AI-native learning platform over three years.
Accenture LearnVantage is tailored to help industries and governments identify gaps in relevant skills being created by technological advancements and to provide industry-specific training at speed and scale.
Accenture LearnVantage global lead Kishore Durg said: “The rapid rise of generative AI has grown our clients’ need for training and upskilling their people in cloud, data and AI as they build their digital core, which is essential for reinvention.
“Accenture LearnVantage will help our clients not only advance their business goals but also help their people build the skills they will need for the next waves of technology change.”
Through the acquisition, Accenture aims to bring Udacity’s capabilities in integrating proprietary content, expert services and scalable learning technology along with seamlessly bridging the gap between online education and workplace relevance.
Established in 2011, Udacity offers an advanced learning approach that prioritises the development of practitioner-level technical skills.
The firm has evolved from being primarily consumer-focused to a talent transformation platform that delivers customer value creation through career development in AI and tech.
Udacity CEO Kai Roemmelt said: “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 organisations to unlock their potential.
“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.”
The completion of the acquisition is contingent upon customary conditions, including required antitrust clearances.