Phoenix Education acquires Fuel50 for $31.5M cash; earnout up to $8.5M

Phoenix Education Partners, Inc.

Cash purchase price ~$31.5M, plus earnout up to $8.5M based on milestones through 2027.
Acquisition funded with cash on hand; expected close within 30 days subject to Fuel50 stockholder approval.
Fuel50 is an AI-powered workforce transformation platform with an ontology of 5,000+ skills.
Jo Mills, Fuel50 co-founder and president, to become Fuel50 CEO after close; Anne Fulton remains CEO until then.
Deal advances Phoenix Education's strategy linking workforce intelligence with university education.

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