Mergers and Acquisitions, Mergers and Acquisitions, Content, Vertical markets

2U Acquires Trilogy Education Services

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Lenham, Maryland-based education technology provider 2U Inc. has officially acquired Trilogy Education Services, a New York City-based education technology company.

Trilogy bills itself as a workforce accelerator that prepares adult learners for high-growth careers in the digital economy. Trilogy will be relabelled as a 2U Inc brand, the company said.

LinkedIn: 2u Inc. CEO Chip Paucek
LinkedIn: 2U Inc. CEO Chip Paucek

2U Co-Founder and CEO Christopher "Chip" Paucek commented on the deal:

"Technology is transforming and redefining the future of work globally. More people at more stages in their lives are investing in themselves and their futures, upskilling and reskilling to keep pace and remain competitive in the job market. With our growing portfolio of now 68 great university partners, 2U is well positioned to deliver the in-demand skills working adults need–whether that's through a degree, professional certificate, boot camp, or short course."

Trilogy Founder and CEO Dan Sommer added:

"Trilogy was created to help communities across the world better prepare for the changing workforce. Our fast growth is a testament to the winning collaborations between working professionals, universities, and employers. Together with 2U, our combined reach and impact will better serve even more students in even more places throughout more of their lives. We are uniquely solving an otherwise unmet need in our global economy."

2U is expecting this deal will help it reach its goal of $1 billion in revenue by 2021, as well as expand its current offerings.