Guild Education has purchased US-based consultancy and product studio Entangled Group for an undisclosed sum.
The deal, which marks the company’s first acquisition, will accelerate the development of services used by employers to solve complex work challenges, including the transition of displaced workers to in-demand jobs.
Guild will integrate the target’s existing employees into its core teams and broaden its geographic footprint with offices in New York and San Francisco.
Established in 2015, Entangled provides a range of services for companies in the education sector, including strategy consulting, expertise access, non-profit management programmes and revenue generation.
The venture studio invests in and incubates a number of startups, namely Yellow Brick, Target, RaiseMe and Course Hero.
Guild recently launched its new product Next Chapter, which allows companies to connect laid-off and furloughed workers with the group’s educational resources and Entanglement’s job marketplace and career services platform.
Paul Freedman, the target’s founder, said: “Through this acquisition, we’ve together established a platform and suite of products that reinforces our team’s commitment to unlocking human potential through education at massive scale.”
Guild’s chief executive, Rachel Carlson, noted the deal would allow the company to quickly design, test and launch offerings which combine technology and coaching services during the ongoing COVID-19 pandemic.
Headquartered in Colorado, the buyer delivers educational resources, including tuition and access to online classes, to help upskill frontline workers across the US.
The group’s clients include the likes of Walmart, Taco Bell, Lowe’s and the Walt Disney Company.
Its academic network, which offers high school and master’s degree courses, is partnered with some of the country’s largest educational institutions, namely the University of Arizona, the University of Denver and Southern New Hampshire University.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 3,703 deals targeting data processing, hosting and related services providers announced globally in 2020 to date.
In the most valuable of these, Morgan Stanley acquired US-based E*Trade Financial for USD 13.00 billion.
© Zephus Ltd