Kris Gopalakrishnan-backed edtech firm AEON Learning acquires Acadgild for $10M

Edtech firm AEON Learning has acquired online edtech startup Acadgild for $10 million in an all-stock deal.
Acadgild offers high-end tech skills to mid-career IT professionals in a hybrid model that combines live classes and an online platform for learning.
The company counts GrowthStory's K Ganesh, Jupiter Capital, and Enki as investors. It works with various corporates to offer over 35 industry ready skill development courses like Android Programming, Analytics, and Big Data among others.
On the other hand, AEON Learning provides technology to universities for their courses through its platform Avagmah. It has raised a total $6.5 million from investors like Meena Ganesh, Infosys co-founder Kris Gopalakrishnan, Aptech and Hexaware founder Atul Nishar and Lion Rock Capital founding partner Srihari Kumar.
"Acadgild’s leadership and strengths in delivering cutting-edge short-term IT skills complement Avagmah’s leadership in supporting universities in offering their long-term courses using technology. This acquisition offers us an opportunity to shape the future of the global workforce to produce readily deployable skilled talent" said Karthik KS, founder and CEO of AEON Learning.
“There are clear synergies in the business processes and target markets of both Avagmah and Acadgild and this acquisition puts us in a formidable position to address both education and reskilling needs of working professionals and will help us grow and scale faster than ever” said Acadgild co-founder Vikalp Jain who will be joining AEON Learning as president.