EdventureCo, the education platform of award-winning impact investment firm and global B Corp, Arowana, has acquired Australia-based Microsoft Application training provider Nexacu in a deal worth $A19.1 million.
EdventureCo’s acquisition of Nexacu is in line with the company’s continued expansion of DDLS. The corporate ICT and digital skills training provider now includes DDLS Australia, DDLS Philippines, The Australian Institute of ICT, Auldhouse, and DDLS People. It follows DDLS’s acquisition of Auldhouse for $A16.6 million in 2021.
With Nexacu now part of its business, DDLS cements its position as the leading provider of digital skills training across APAC. The acquisition also allows the company to continue its significant contribution to reducing the critical digital skills gaps seen across the region.
Jon Lang, Chief Executive Officer of DDLS, believes the deal brings the training prowess of DDLS and Nexacu together. Both companies are committed to innovative technology, up-skilling the technical workforce, and advancing end-user capabilities.
“This will be a perfect union in terms of market adjacency and expansion. We both provide live, instructor-led, digital skills training, with DDLS focusing on technical courses for IT professionals, and Nexacu end-user apps courses,” Lang said.
“Given our growing portfolio of digital products and flexible delivery modalities there will be some great opportunities to continue building out this capability with Nexacu’s product suite.”
Meanwhile, Nexacu cofounder Paul Panebianco said he was positive for the future of the company under the DDLS umbrella.
“I'm delighted that Nexacu has joined the DDLS family, becoming part of the leading digital skills provider in the APAC region. There will be some great benefits for our customers and employees with opportunities to leverage synergies across sales, marketing, and product, in addition to their world-class facilities,” Panebianco said.
“By combining our expertise, we will create stronger, more impactful training options for both organisations and skilled workers across APAC. Both Anita and I couldn't be more excited about what lies ahead for Nexacu, our customers, and employees.”
A Leader in Microsoft End-User App Training
As a Microsoft Gold Partner, Nexacu has established itself as a leading provider of quality Microsoft end-user app training with campuses across Australia. The company currently has a highly diversified customer base across government, education, and commercial sectors, generating more than 42,000 positive participant reviews.
Today, Nexacu trains 13,000 students per annum and the merger will grow DDLS’s training pool to more than 30,000 students each year.
In acquiring Nexacu, DDLS intends to bolt-on the company’s portfolio of end-user courses to its enterprise sales infrastructure.
For more information on EdventureCo and its business units, visit www.edventureco.com.