WHERE TO? 2U, the publicly-traded online program manager for universities, has acquired a minority stake in Chicago-based Keypath Education, which provides a similar service. Financial terms of the deal were not disclosed.
Founded in 2014, Keypath currently works with 23 universities to create online degree programs, from institutions spanning Australia, Canada, the U.K. and U.S.
According to the release, this partnership will “allow 2U to expand the scope of services it offers to university partners by supporting smaller or lower-tuition degree programs than those it typically supports.” Historically, 2U has focused on offering its OPM services to larger universities with sizable student enrollments.
2U’s investment in Keypath is just one of a flurry of updates about its expansion efforts. The company also announced its foray into Latin America, thanks to a partnership with EGADE Business School at Tecnológico de Monterrey, Mexico, to launch an online MBA program.
Last week it expanded on its existing partnership with WeWork, to give all 2U students and faculty free access to any of WeWork’s co-working locations, and offer $5 million in scholarships for WeWork members to take classes from 2U’s partner universities and GetSmarter. 2U students will also have free access to LinkedIn Premium subscriptions, as part of the company’s efforts to expand career pathways and opportunities for its learners.
