Prosus acquires European e-learning firm for €212-million
Global technology investor Prosus has announced the acquisition of a majority stake in GoodHabitz, a European provider of online training for businesses, in a €212-million deal.
According to a statement released by Prosus, GoodHabitz was founded in 2011 and provides enterprise clients with a broad range of cost-effective soft-skills, such as leadership and management skills, digital learning content relevant to their entire employee base – currently delivering 150 courses available across eight languages.
Prosus added that since its inception, GoodHabitz has developed a strong enterprise client base in all market segments. From 2016, GoodHabitz has expanded from its original market in the Netherlands into nine further European markets and is one of the few profitable, scale players in EdTech in Europe.
“If this past year has shown us anything it is that technology can fundamentally change a sector and enable it to scale much quicker, and this is especially true in learning and education. 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,” said Larry Illg, CEO of Prosus EdTech. “There is a significant need across businesses of all sizes to offer their people engaging, easy-to-consume training. GoodHabitz has built a successful business delivering highly polished but fun content that meets that need perfectly and we are looking forward to helping the team expand the business further as part of Prosus.”
According to information supplied to the media, GoodHabitz will continue to be led by Founder and CEO, Maarten Franken.
Franken is described as a seasoned executive with deep experience in the EdTech market, having previously founded and led another education-focused company. He has a successful track record at GoodHabitz and will continue the company’s drive into new markets.
“We look forward to becoming part of the EdTech powerhouse that Prosus is building,” said Franken. “Companies around the world face big challenges effectively educating their workforces, particularly now with the explosion in home working over the last 15 months. We hope to accelerate our international growth working with the Prosus team, helping more customers build a workforce that is ready for the future through enabling more people to access online training.”
Earlier this month Prosus made headlines after announcing the acquisition of New York-headquartered Stack Overflow in a R24-billion deal, and said it was an “invaluable tool for tech-focused collaboration and learning.”