Varsity Tutors acquires Veritas Prep to expand into live online classes

TechCrunch | 1/22/2019 | Staff
Caris (Posted by) Level 3
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Varsity Tutors, the online learning platform that launched in 2011, has today announced the acquisition of Veritas Prep.

The terms of the deal were not disclosed, but, according to the press release, the Veritas Prep team will remain at its Calabasas, CA office and that the product will continue on as a separate brand.

Veritas - Prep - Suite - Test - Prep

Veritas Prep launched in 2002 with a suite of test prep courses. Over the years, Veritas built out its online live classes as well as a business around admissions consulting. As Varsity Tutors focuses on geographical and product expansion, the Veritas Prep acquisition allows the company to get into live online courses (alongside one-to-one tutoring).

“Over the course of its 17 years, Veritas has built up a lot of expertise in how to deliver exceptional live online classes,” said Varsity Tutors founder and CEO Chuck Cohn. “We looked at a lot of companies out there, and we saw huge potential to really accelerate our own product development cycle by buying that expertise.”

Varsity - Tutors - Platform - Students - Tutors

Varsity Tutors originally launched with a platform that connected students with tutors for IRL study sessions and lessons. Over time, that...
(Excerpt) Read more at: TechCrunch
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