NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Emeritus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today a definitive agreement to acquire iD Tech, the world leader in youth STEM education for $200 million. The acquisition, which is being made through Emeritus’ parent company Eruditus, marks Emeritus’ expansion into K12 STEM education, as the company grows to prepare individuals of all ages to succeed in the workforce, and positions Emeritus as one of the largest and fastest growing skilling platforms. Upon the closing of the transaction, iD Tech will operate independently, maintaining its all-star team of instructors and employees. Emeritus and iD Tech’s distinct, yet highly complementary, offerings will be scaled to support a global audience with improved learning experiences.

STEM career opportunities are projected to grow exponentially, with an estimated 3.5 million jobs in the U.S. alone that need to be filled by 2025. With offerings from both companies in coding, math, game development, robotics and more, Emeritus and iD Tech are positioned to make STEM learning more accessible, paving the way for brighter futures in STEM occupations.