Bertelsmann Investments-backed EMBRACE, a progressive brand family, completed the acquisition of Studyflix, the largest e-learning and career platform for pupils, students and graduates in the DACH region. Financial terms were not disclosed. "With the Studyflix acquisition, we are building EMBRACE into one of Germany’s leading HR tech companies. I am very happy for Gero Hesse and his team. The transaction is an important milestone for Bertelsmann Investments in establishing and expanding our future-focused Bertelsmann Next division," Carsten Coesfeld, Bertelsmann Investments CEO.