Emeritus Expands into K12 through Acquisition of iD Tech Bringing Equitable STEM Education to Adults and Youth Globally
with a shared goal of bridging the STEM opportunity gap
SINGAPORE and MUMBAI, India, May 19, 2021 /PRNewswire/ -- Emeritus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today a definitive agreement to acquire iD Tech, the world leader in youth STEM education for $200 million. The acquisition, which is being made through Emeritus' parent company Eruditus, marks Emeritus' expansion into K12 STEM education, as the company grows to prepare individuals of all ages to succeed in the workforce, and positions Emeritus as one of the largest and fastest growing skilling platforms. Upon the closing of the transaction, iD Tech will operate independently, maintaining its all-star team of instructors and employees. Emeritus and iD Tech's distinct, yet highly complementary, offerings will be scaled to support a global audience with improved learning experiences.