M&A Deal Summary

2U Acquires edX

On June 29, 2021, 2U acquired internet software and services company edX for 800M USD

Acquisition Highlights
  • This is 2U’s 1st transaction in the Internet Software and Services sector.
  • This is 2U’s largest (disclosed) transaction.
  • This is 2U’s 3rd transaction in the United States.
  • This is 2U’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2021-06-29
Target edX
Sector Internet Software and Services
Buyer(s) 2U
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

edX

Cambridge, Massachusetts, United States
edX is the education movement for restless learners. The company brought over 39 million learners, the majority of top-ranked universities in the world, and industry-leading companies onto one online learning platform that supports learners at every stage. edX was formed in 2012 and is based in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

2U

Lanham, Maryland, United States
Category Company
Founded 2008
Sector Internet Software and Services
Employees2,961
Revenue 946M USD (2023)
DESCRIPTION

2U is a provider of cloud-based software-as-a-service (SaaS) technology and technology-enabled services, 2U provides schools with the comprehensive operating infrastructure they need to attract, enroll, educate and support students globally. 2U was founded in 2008 and is based in Lanham, Maryland.

DEAL STATS #
Overall 4 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-08 Trilogy Education Services

New York, New York, United States

Trilogy Education Services, Inc. is a workforce accelerator partnered with universities to create and manage skills-based training programs. Trilogy Education Services is based in New York.

Buy $750M
Mergr

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