Emeritus to acquire iD Tech for $200m.

Emeritus, a startup providing online business and professional programs, agreed to acquire iD Tech, a summer computer camp specialising in providing computer technology education, for $200m. "Emeritus is in the business of teaching the skills of the future like AR/VR, artificial intelligence, cybersecurity, software engineering, design thinking and leadership to professionals. We believe that proficiency and mastery of these skills should begin in K12, and that iD Tech will be instrumental as we jointly pursue our goal of closing STEM skills gaps globally. Their long-term learning system is a perfect complement to what we offer adult learners and will allow us to create a formidable life-long learning ecosystem. Moreover, as a female founded family company, with strong DEI initiatives and a mission-driven culture, the iD Tech team is inspiring and we're excited to be working together," Ashwin Damera, Emeritus Co-Founder and CEO.