Noodle acquires Hubble Studios, South Africa-based studying design agency


Dive Transient: 

  • Noodle, a distinguished on-line program administration firm, introduced Thursday that it has acquired Hubble Studios, a South Africa-based firm that helps develop on-line training content material and expertise.  
  • The businesses didn’t disclose the phrases of the deal. The OPM says the acquisition will assist the corporate faucet into the worldwide market and convey it dozens of latest company purchasers seeking to upskill their employees, together with Johnson & Johnson and the World Financial institution. 
  • Noodle is retaining all of Hubble Studios’ roughly 50 staff below the deal. Hubble Studios’ chief govt, Hannes Geldenhuys, is turning into Noodle’s senior vice chairman of worldwide. Hubble Studios’ chief tutorial officer, Chelsey Pienaar, is turning into Noodle’s managing director for studying. 

Dive Perception: 

Noodle payments itself as an alternative choice to conventional OPM corporations, which frequently assist faculties launch and handle on-line packages in change for a reduce of their income, roughly between 40% and 60%. Noodle, then again, is basically recognized for providing fee-for-service preparations for diploma packages. 

The corporate stated it first began working with Hubble Studios in 2021. Collectively, they’re constructing greater than 100 programs for purchasers together with Yale College’s nursing college, Butler College and the New England Faculty of Optometry, in accordance with the announcement. 

With the acquisition, Noodle now has contracts with greater than 40 universities and 30 companies throughout the globe. 

“The acquisition underscores and strengthens Noodle’s dedication to constructing world-class on-line studying design that’s reasonably priced for our companions and modernizes instructing and studying,” Noodle CEO John Katzman stated in a press release. 

Noodle has historically outsourced among the providers it gives faculties to third-party corporations. Nonetheless, the brand new deal helps Noodle proceed a bigger effort to convey extra of these choices in home, together with advertising and marketing, enrollment and pupil help, in accordance with the announcement. 

The acquisition comes about two years after Noodle introduced it was shopping for the important thing property of HotChalk, an OPM that confronted backlash when one in all its greatest purchasers, Concordia College Portland, shuttered in 2020 as a result of monetary difficulties. 

Native reporting blamed the closure on the OPM’s revenue-share cope with the faculty, although HotChalk later sued the college’s father or mother establishment, alleging it’s owed cash for breach of contract and different allegations. 

By the deal, Noodle took over the net packages HotChalk helped run, together with these provided at New York College’s training college, EdSurge reported. Noodle additionally stated on the time that it was having conversations to maneuver the packages from revenue-share agreements to fee-for-service contracts, in accordance with Inside Increased Ed

Lee Bradshaw, Noodle’s chief technique officer, stated in an e-mail Wednesday that these transitions are “in progress,” including that the partnerships are “very complicated with dozens of labor streams.”

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