M&A Deal Summary

Emeritus Acquires iD Tech

On May 19, 2021, Emeritus acquired education company iD Tech for 200M USD

Acquisition Highlights
  • This is Emeritus’ 1st transaction in the Education sector.
  • This is Emeritus’ largest (disclosed) transaction.
  • This is Emeritus’ 1st transaction in the United States.
  • This is Emeritus’ 1st transaction in California.

M&A Deal Summary
Date 2021-05-19
Target iD Tech
Sector Education
Buyer(s) Emeritus
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

iD Tech

Campbell, California, United States
iD Tech is a provider of STEM education that operates year-round online programs, in addition to summer camps at more than 150 top universities worldwide. Course topics include coding, 3D modeling, artificial intelligence, robotics, and game design. iD Tech is dedicated to bridging the digital divide and is committed to gender diversity. Since its inception, iD Tech has donated more than $6 million in life-changing educational experiences to underrepresented communities. iD Tech was founded in 1999 and is based in Campbell, California.

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Buyer(S) 1

Buyer

Emeritus

Singapore, Singapore
Category Company
Founded 2015
Sector Education
DESCRIPTION

Emeritus is a provider of education accessible and affordable to individuals, companies, and governments around the world. Emeritus' short courses, degree programs, boot camps, and senior executive programs help individuals learn new skills and transform their lives, companies, and organizations. Its unique model of state-of-the-art technology, curriculum innovation, and hands-on instruction from senior faculty, mentors, and coaches educates more than 100,000 students per year across 80 countries. Emeritus was founded in 2015 and is based in Singapore.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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