NORTH SYDNEY, Australia — Oct. 11, 2022 — EdventureCo, the education platform of award-winning impact investment firm and global B Corp, Arowana, has successfully completed its acquisition of Australia-based Microsoft Application training provider Nexacu in a deal worth $A19.1 million.
The acquisition of Nexacu is part of EdventureCo’s continued expansion of its corporate ICT and digital skills training business DDLS, which now includes DDLS Australia, DDLS Philippines, The Australian Institute of ICT, Auldhouse, and DDLS People. The company had acquired Auldhouse for $A16.6 million in 2021.
By adding Nexacu to its business units, EdventureCo intends to cement DDLS’s position as the leading provider of digital skills training across APAC, as well as continue the company’s significant contribution to reducing the critical digital skills gaps seen across the region.
Jon Lang, Chief Executive Officer of DDLS, describes the acquisition as a merger of DDLS and Nexacu’s training prowess. Both organisations 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.”
Paul Panebianco, the cofounder of Nexacu, said he was optimistic about the company’s future 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.”
Nexacu is a Microsoft Gold Partner with a reputation for delivering quality Microsoft end-user app training with campuses in all major Australian cities. The company has a highly diversified customer base across government, education, and commercial sectors, generating over 42,000 positive participant reviews.
Nexacu currently trains 13,000 students per annum and the merger will grow DDLS’s training pool to more than 30,000 students each year.
EdventureCo’s acquisition of Nexacu will allow DDLS to bolt-on the company’s portfolio of end-user courses to its enterprise sales infrastructure.
