BYJU'S owned upskilling platform Great Learning has acquired Northwest Executive Education, a Singapore-based executive education company in a stock and cash deal of around $100 million, according to sources.
Post the acquisition, Northwest will continue to operate as an independent organisation and its cofounders, Mohit Jain, Tamhant Jain and Maitreyi Singhvi will remain its leaders, sources further said.
Co-founded by alumni of Harvard Business School, Berkeley Haas School of Business and IITs, Mohit Jain, Maitreyi Singhvi and Tamhant Jain in 2015, Northwest Executive operates in executive education, continuous learning and corporate learning domain focusing on adult learners across the world. The platform offers programmes in management, leadership, technology, healthcare, innovation and other in-demand executive learning areas. It is said to have participants from over 50 countries.
The programs have been designed to fit the needs of senior executives, high potential and high performing emerging business leaders and professionals as well as family business owners and entrepreneurs. Its executive education programs are well suited for individuals who want to accelerate their careers and help lead their businesses and organizations to the next level of growth and success.
The company has partnerships with universities like MIT, UC Berkeley, Yale, UCLA, University of Chicago, and others. Taking the journey forward, Northwest Executive Education and Great Learning would work on leveraging synergies to expand their offering across markets like India, Asia, US, Latin America and Europe.
In February this year, Great Learning announced its first acquisition with Superset, a university recruitment and campus placement automation platform backed by Blume Ventures.
Great Learning, acquired by BYJU'S in 2021, is on a mission to enable transformative learning and career success in the digital economy for professionals and students across the globe. The platform has expanded operations and now has around four million learners from more than 170 countries along with a network of over 4,700 industry experts. It collaborates with the best universities in the world including Stanford University, Massachusetts Institute of Technology, Wharton, The University of Texas at Austin, North-western University, and the National University of Singapore among others.
Backed by Silver Lake, Blackrock, and other investors, BYJU'S spent more than $2 billion in acquisitions last year with brick-and-mortar coaching network Aakash Institute being its biggest M&A till date. The Aakash deal was valued at nearly $ 1 billion. Epic, Toppr are some of its other prominent acquisitions.
The Bengaluru-based EdTech leader BYJU'S is valued at $22 billion after it announced $800 million in a funding round in March where company founder Byju Raveendran is investing $400 million on his own to increase his stake in the firm. Sumeru Ventures, Vitruvian Partners, and BlackRock were the other investors who participated in the capital raising.