Venero Capital Advisors reposted this
What does Accenture’s acquisition of Udacity signal for Corporate Learning & Development vendors, demand for AI upskilling / reskilling and M&A valuations? 1️⃣ Competition in Corporate Learning is fierce. This impacts KPIs and therefore M&A valuations. Udacity was rumoured earlier this year to be in acquisition talks with Upgrad, with an asking price of $80 million… a precipitous drop in value for a company that raised almost $300 million and sported a $1 billion valuation in 2015. 2️⃣ When major vendors like Accenture enter a space, competitors take notice. Accenture plans to invest $1 billion into LearnVantage, a new artificial intelligence-native learning platform to help enterprises reskill and upskill their people in technology, data and AI. Udacity will be part of that. 3️⃣ Upskilling / reskilling is a major topic for businesses globally, especially at the enterprise level. But Accenture acquired Udacity really to train its customers on AI. This particular acquisition says more about the major impact AI will have, than anything else. The Learning market beyond AI remains huge. #corporatelearning #learninganddevelopment #artificialintelligence #skills #futureofwork
Anthony Onesto
4mo
Smart move. Services business - low margins and human capital dependent Tech - high margin and infinitely scalable Disruption - AI will first disrupt the services industry, so embracing it is smart.
Managing Partner at Venero, the #1 Ranked WorkTech M&A Advisor Globally
4moCurious to hear your thoughts Amanda Nolen