Accenture Will Acquire Udacity to Build Its Own Learning Platform

IBL News | New York

Accenture announced it will acquire Udacy as part of an effort to build its own technology learning platform focused on AI, in which it will invest $1 billion.

This platform, called LeanVantage, will provide Accenture’s clients with learning and training services to upskill their workforce in technology, data, and AI. Udacity’s team of more than 230 professionals will join Accenture LearnVantage,

Accenture didn’t disclose how much it paid for Udaciy. The completion of the acquisition is subject to regulatory review and antitrust clearance.

“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,” said Kishore Durg, global lead of Accenture LearnVantage.

This year, Udacity seemed it was to be acquired by Indian edtech company Upgrad, with an asking price of $80 million. Apparently, that deal fell through, and Accenture ended up buying them instead.