Edtech company 2U is set to grow its non-degree offerings and expand internationally after announcing plans to acquire Cape Town and London-based education firm the University of Cape Town for approximately $103m. The deal, set to close during Q3 2017, accelerates 2U's two growth initiatives. the University of Cape Town, which earned $17m in 2016, offers non-degree courses in partnership with Harvard, the Massachusetts Institute of Technology and GetSmarter.
Edtech company 2U is set to grow its non-degree offerings and expand internationally after announcing plans to acquire Cape Town and London-based education firm GetSmarter for approximately $103m. The deal, set to close during Q3 2017, accelerates 2U's two growth initiatives. GetSmarter, which earned $17m in 2016, offers non-degree courses in partnership with Harvard, the Massachusetts Institute of Technology and the University of Cape Town.