Acquisition accelerates Fuel50’s capabilities and its reach with enterprise employers, as workforce intelligence becomes central to the AI-enabled workplace

Phoenix Education Partners, Inc. (“Phoenix Education” or the “Company”) (NYSE:PXED) today announced that it has entered into a definitive agreement to acquire Fuel50, Inc., an AI-powered workforce transformation platform.

For Fuel50, the acquisition accelerates the next stage of its work with enterprise customers. Following completion of the transaction, Fuel50 will continue operating under its own brand. With the same focus that has built its platform to date, and in combination with Phoenix Education, Fuel50 is positioned to:

  • Advance AI-powered workforce intelligence to help employers understand workforce capabilities and anticipate and prioritize future skill needs
  • Accelerate talent mobility and workforce transformation through career pathways, upskilling, reskilling and personalized development
  • Extend its impact with enterprise employers as they navigate changing workforce needs

Following closing, Fuel50 is expected to continue operating as a distinct business within Phoenix Education under its own brand and will continue serving its enterprise customers. It is anticipated to be led by Jo Mills, Co-founder and President of Fuel50, who is expected to assume the role of Fuel50’s Chief Executive Officer following the close of the transaction. The teams will continue to explore how the respective capabilities can complement one another.

The transaction is expected to close within 30 days, subject to customary closing conditions, including receipt of required Fuel50 stockholder approvals and satisfaction or waiver of other closing conditions. Macquarie Capital served as exclusive financial advisor to Fuel50 on the transaction.