The deal is valued at $103 million (R1.4 billion), according to a Forbes report.
“The acquisition of GetSmarter is expected to accelerate our growth, extend our global footprint and provide a broader suite of services by matching more students to the right digital education opportunities – whether graduate programs or short course certificates,” Christopher “Chip” Paucek, CEO and co-founder of 2U, said in a statement.
GetSmarter, a wholly-owned subsidiary of 2U, Inc., is a digital education company that partners with the world’s leading universities to select, design and deliver premium online short courses with a data-driven focus on learning gain.
“With this acquisition, we expect to expand our total addressable market while strengthening our position as a global leader in delivering high-quality, high-touch, digital education focused on student outcomes. We welcome the GetSmarter employees to the 2U team,” said Chip.
GetSmarter is a leader in collaborating with universities to offer premium online short courses to working professionals.
“We are proud and delighted to be joining the 2U family,” Sam Paddock, CEO and co-founder of GetSmarter.
“We now have an even stronger base from which to fully realize our potential in a global market and serve our stakeholders.”
GetSmarter was founded in 2008 with an online course in Wine Evaluation by brothers Sam and Rob Paddock in Cape Town.
Today, its global alumni community is over 50,000 lifelong learners strong; and the company intend to improve a total of 1,000,000 lives through better education by 2030.