Accenture, a prominent IT consulting company, has recently announced the acquisition of the online learning platform, Udacity, without disclosing the purchase amount. This acquisition will see 230 Udacity employees integrated into a newly established department called Accenture LearnVantage. The primary focus of this department is to develop technology for training organizational clients, emphasizing upskilling in technology-related areas such as data programming and AI.
In the past, Accenture has heavily invested in training programs for organizational clients. The creation of LearnVantage marks the next step in their business strategy, as they plan to merge Udacity’s platform with their content and expertise to reach a wider audience of learners. Additionally, the company will collaborate with major technology service providers like AWS, Google Cloud, and Microsoft to create additional content related to cloud and generative AI.
Udacity, founded in 2011 by a group of computer science professors from Stanford University, has grown from offering in-person courses to expanding its reach online. Co-founded by Sebastian Thrun and David Stavens, notable for their work in autonomous vehicles (Thrun being the founder of Google X and the precursor to Waymo), Udacity currently boasts a learner base of 21 million individuals.
TLDR: Accenture has acquired Udacity to enhance their training programs, integrating Udacity’s platform and expertise to provide extensive skill development opportunities in technology-related fields.
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