Prosus Takes Control of European Online Training Provider GoodHabitz in $ 257 Million Deal

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LONDON, June 15 (Reuters)Technology investor Prosus PRX.AS on Tuesday announced that it has purchased a controlling stake in online training provider GoodHabitz with the aim of expanding its presence in education technology where it has committed more than $ 3 billion since 2016.

The purchase of the stake was worth around 212 million euros ($ 257.05 million) and will support GoodHabitz’s plans to expand into new markets outside of its home market of the Netherlands.

Founded in 2011, GoodHabitz focuses on training businesses and providing their employees with a wide range of digital learning solutions.

It currently offers 150 courses in eight languages ​​and is already present in nine European markets.

“The future of workplace learning is changing rapidly and companies that can engage their employees in a digital environment successfully will do well in the future,” said Larry Illg, CEO of Prosus EdTech, the division that focuses on education technology.

“There is a significant need in businesses of all sizes to provide engaging and easy-to-use training for their employees,” he added.

Prosus was an early investor in education technology and has invested in companies such as Stack Overflow, Skillsoft, Udemy, and Codecademy.

($ 1 = 0.8247 euros)

(Report by Pamela Barbaglia edited by Rachel Armstrong)

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