※This is a machine-translated text of the original article.

Benesse Holdings Inc announced that its subsidiary, Benesse Corporation officially agreed to a contract to invest US$50 million (approximately ¥5,500 million) in Udemy, which has concluded a comprehensive business alliance in Japan, in order to further strengthen cooperation.

Benesse Holdings will be Udemy’s sole shareholder, according to the company. In addition, Benesse Corporation acquired the exclusive right to jointly operate with Udemy in Japan through this equity alliance.

The company plans to further strengthen collaboration. In the future, the company will accelerate the development of new services for working people in cooperation with instructors and businesses and the development of career support projects based on the concept of “linking universities and society through learning,” based on the analysis of Udemy’s historical learning data of working persons, including individuals and corporations.

In April 2020, the company will cooperate with Study Hacker on English learning services for working people, and the capital tie-up with Udemy will be based on the following efforts to strengthen the provision of services in the lifelong learning domain.

Original Text: https://ampmedia.jp/2020/02/18/udemy-2/