Half a year has passed since Lanham education technology company 2U Inc. closed on an $800 million deal to acquire nearly all of online education company edX Inc.’s assets, and that still leaves plenty of work to do to integrate the two.
It’s been what 2U CEO Chip Paucek called “a very significant transformation — not just an acquisition” during a company earnings call Thursday.
As part of that shift, edX is becoming the face of 2U’s products and services, while 2U takes on more of a parent company’s role. Historically, 2U has focused on partnering with universities to offer online master’s degrees; with the edX acquisition, that’s expanding to other projects, such as a recent $1 million commitment to create 10 free courses on skills for the virtual age.
But the transition also comes at an arguably challenging time for educational technology companies, which saw a wave of higher use and M&A consolidation during the first couple of years of the pandemic. And some of that…
Read the full story from the Washington Business Journal.
