FLORIANÓPOLIS, Brazil, Sept. 02, 2022 (GLOBE NEWSWIRE) — Vitru Limited, or “Vitru” (Nasdaq: VTRU) in the present day introduced the acquisition of Rede Enem, a platform that gives free content material by an ecosystem that features blogs, free preparatory programs, and social media profiles.
The objective of Rede Enem is to enhance the efficiency of secondary training college students, primarily coming from public faculties, in the National Secondary Education Examination (Exame Nacional do Ensino Médio, or ENEM). The ENEM result’s half of the standards for the choice course of in the University for All Program (Programa Universidade para Todos, or PROUNI), Student Financing Program (Fundo de Financiamento Estudantil, or FIES), and scholarships in personal academic establishments. Rede Enem additionally gives preparatory course with free content material for the National Certification of Skills for Young People and Adults Examination (Exame Nacional para Certificação de Competências de Jovens e Adultos, or Encceja).
Rede Enem had greater than 24,2 million views contemplating solely two of its primary domains in 2021, is the main share of voice between platforms targeted on ENEM from June to August 2022, and is one of the 5 largest preparatory programs channels for ENEM in quantity of customers and views on YouTube. The platform has a big circulation of customers and is a chance to get nearer to our target market.
The buy worth paid to sellers quantities to R$3 million, of which R$1.5 million was paid in money, and an earn-out of as much as R$ 1.5 million might be paid inside 24 months upon the fulfilment of obligations and outcomes objectives.
“We believe that this deal is aligned with our mission, promoting access to knowledge through education but also an opportunity to open doors for our educational institutions”, in response to Pedro Graça and William Matos, Vitru’s Co-CEOs.
About Vitru
Vitru is the main pure distance studying training group in the postsecondary distance studying market in Brazil. Through its invested firms, Vitru gives a whole pedagogical ecosystem targeted on hybrid distance studying expertise for undergraduates and persevering with training college students.
Vitru’s mission is to democratize entry to training in Brazil by a digital ecosystem and empower each scholar to create their very own profitable story.
Forward Looking Statements
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