2U,INC. (NASDAQ:TWOU) Files An 8-K Other Events

ME Staff 8-k
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2U,INC. (NASDAQ:TWOU) Files An 8-K Other Events
Item 8.01 Other Events

On January19, 2018, 2U,Inc. (the “Company”) entered into an agreement to purchase a perpetual source code license for the Learn.co platform from Flatiron School,Inc. (“Flatiron”), a wholly owned subsidiary of WeWork Companies,Inc. (together, “WeWork”), to a Software License Agreement (the “License Agreement”) entered into by and between the Company and WeWork. Under the terms of the License Agreement, the Company received a perpetual source code license to the Learn.co platform and agreed to pay a total license fee of $13,200,000 over time. In connection with the License Agreement, the Company and Flatiron also entered into an Integration Services Agreement, to which certain Flatiron employees will provide integration software development services to the Company for a total fee of $1,300,000 paid upon achievement of certain milestones.

A copy of the press release dated January22, 2018 is attached as Exhibit99.1 to this Report.

Item 8.01 Financial Statements and Exhibits

(d) Exhibits

ExhibitNumber

ExhibitDescription

99.1

Press release, dated January22, 2018, “WeWork and 2U,Inc. Announce Strategic Partnership to Enhance the Future of Work and Learning.”


2U, Inc. Exhibit
EX-99.1 2 a18-3543_1ex99d1.htm EX-99.1 Exhibit 99.1   WeWork and 2U,…
To view the full exhibit click here

About 2U,INC. (NASDAQ:TWOU)

2U, Inc. is a provider of an integrated solution consisting of cloud-based software-as-a-service (SaaS) combined with technology-enabled services (together, the Platform) that allows colleges and universities to deliver online degree programs. The Company’s SaaS technology consists of an online learning environment, Online Campus, which acts as the hub for student and faculty academic and social interaction, and operations applications. The Company also provides technology-enabled services that support the complete lifecycle of a higher education program. Its clients use the Online Campus portion of its Platform to offer educational content, instructor-led classes averaging over 10 students per session in a live setting, accessible through Web-based and mobile applications. Its clients use the operations applications within its Platform to enable and support their online operations, and integrate those operations with their existing university systems.