[South Africa] 2U Inc closes acquisition of GetSmarter

2U, Inc., a market leader in delivering best-in-class digital education in partnership with the world's top colleges and universities, has announced that it has completed its previously announced acquisition of GetSmarter.

GetSmarter, based in Cape Town, South Africa, powers engaging online short courses in partnership with some of the world's most renowned higher education institutions, including the University of Cambridge; the London School of Economics; Harvard University's strategic online learning initiative, HarvardX; the University of Chicago; Massachusetts Institute of Technology (MIT); and Africa's top three universities: University of Cape Town, University of the Witwatersrand and University of Stellenbosch Business School.

"We are pleased to wrap up our acquisition of GetSmarter," said Christopher "Chip" Paucek, CEO and co-founder of 2U. "The acquisition of GetSmarter is expected to accelerate our growth, extend our global footprint and provide a broader suite of services by matching more students to the right digital education opportunities – whether graduate programs or short course certificates. With this acquisition, we expect to expand our total addressable market while strengthening our position as a global leader in delivering high-quality, high-touch, digital education focused on student outcomes. We welcome the GetSmarter employees to the 2U team."

"We are proud and delighted to be joining the 2U family," Sam Paddock, CEO and co-founder of GetSmarter. "We now have an even stronger base from which to fully realize our potential in a global market and serve our stakeholders."

www.2u.com

www.getsmarter.com