Edtech major Byju’s on Monday announced the acquisition of Singapore-based Great Learning in a transaction valued at $600 million, comprising cash, stock and earnout.

The company has also earmarked an additional $400 million investment in the professional and higher education segment to accelerate Great Learning’s growth, a press statement said.

“The acquisition marks Byju’s strong push into the professional upskilling and life-long learning space globally with a total commitment of $1 billion, expanding its offerings beyond the K12 and test prep segments, and further accelerating the company’s growth plans,” it added.

Great Learning will continue to operate as an independent unit under the Byju’s group under the leadership of its founder and CEO Mohan Lakhamraju and co-founders, Hari Nair and Arjun Nair.

The acquisition comes only days after the firm bought Epic, a digital reading platform for kids, for $500 million (Rs 3,729.8 crore).

The company is planning to invest an additional $1 billion in North America to accelerate its vision of “helping students fall in love with learning”.

The acquisition is expected to help Byju’s expand its footprint in the US by providing access to the more than two million teachers and 50 million kids in Epic’s existing global user-base, which has more than doubled over the last year.

Epic CEO Suren Markosian and co-founder Kevin Donahue will remain in their roles.

“Our partnership with Epic will enable us to create engaging and interactive reading and learning experiences for children globally. Byju’s has aggressive plans for the international and US market expansion. The acquisition with Epic will not only lead to significant investments in technology that will help to further personalised learning for students but also enable Byju’s to become a natural part of America’s learning culture,” the company had added.