In a bid to expand its global footprint in education technology, top tech investor Prosus has announced to pick a majority stake in online training provider GoodHabitz in an over $3 billion deal.
The company has pumped in about $3 billion in the company since 2016 with the recent stake purchase costing about 212 million euros ($257.05 million).
According to Prosus, the company will support GoodHabitz' plans to expand in new markets outside its home market of the Netherlands. Founded in 2011, GoodHabitz focuses on training businesses and providing their employees with a broad range of digital learning solutions.
The company currently delivers 150 courses in eight languages and is already present in nine European markets. “The future of workplace learning is rapidly evolving and the companies that can engage their employees in a digital environment successfully will do well moving forward,” Larry Illg, CEO of Prosus edtech said.
“There is a significant need across businesses of all sizes to offer their people engaging, easy-to-consume training,” Illg added.
Prosus was an early investor in education technology and has invested in companies including Stack Overflow, Skillsoft, Udemy and Codecademy.