Kahoot !, a global education platform, announced the acquisition of Clever Inc., a privately held California-based company that is one of the most widely used digital education platforms used by U.S. elementary schools .
The collaboration between two of the most popular platforms in education, with different, but also highly complementary offerings, will provide enhanced education solutions and offerings to US schools, accelerating the global expansion of Clever’s solutions, the company said in its release.
Kahoot! The Group will acquire 100% of the shares in Clever Inc. for an enterprise value of USD 435 – 500 million on a cash and debt-free basis, including a performance-related element for 2021-2022. The consideration will be a combination of cash and Kahoot! Shares.
The company will become wholly owned by the Kahoot! Group upon closing of the transaction. Clever remains an open platform and continues to operate under the Clever brand. Clever Inc. will operate as an independent company within the Kahoot! group, led by a strong management team.
Founded in 2012, Clever’s industry-leading and open platform brings schools, educators, students and application developers together in a single-sign-on education network that simplifies accessible education and provides an easy solution for all users.
“Today’s announcement marks a milestone in Kahoot! ‘S mission to make learning great. Clever and Kahoot! Are two-purpose led organizations that are just as passionate about the education and potential of each student,” said Eilert Hanoa , CEO of Kahoot !. “Through this acquisition, we see significant potential to collaborate on educational innovation to better serve all of our users – schools, teachers, students, parents and perpetual college students and by leveraging our global scale to bring Clever’s unique platform. Worldwide, I am delighted to welcome Tyler and his team to the Kahoot! family.
“In the same way as we enhance our offering with Kahoot! At Work towards enterprises with Kahoot! Spirit and our acquisitions of Actimo and Motimate, the acquisition of Clever will enhance our offering to schools, districts and families in Kahoot! At school and Kahoot! At home. amplify, ”explains Hanoa.
“We founded Clever because we believed technology can be a powerful lever to make education more fun and engaging – and no one embodies that more than Kahoot!” Said Tyler Bosmeny, CEO and Co-Founder of Clever. “Being part of the Kahoot! Family gives us the opportunity to not only continue our mission, but also to accelerate our plans to serve international markets. We are inspired to be part of the Kahoot! Group and excited to work with Eilert and the team to bring these opportunities to schools around the world. “
The proposed collaboration between Kahoot! and Clever will provide complementary digital solutions that make education more efficient, effective and great for everyone. Clever will also launch Kahoot’s suite of education apps! integrate into its platform, enabling the distribution channels for Kahoot! will be expanded and efficient implementation through Clever APIs will be available to millions of students and educators in U.S. primary education.
Both companies have powerful but different capabilities. Kahoot! is a leading education platform for user and partner generated content, including its wide range of family-friendly education apps, rapidly growing viral distribution model and global scale. Clever provides a popular and ubiquitous single sign-on platform, a trusted ecosystem, loyal partners and close relationships in the education system. As partners, the companies expect to offer an attractive market offer for all education applications, as well as simplification of access and a steadily improved offering of educational resources for all users.
The transaction is expected to generate synergies that will create additional growth potential and provide more users with leading EdTech tools and resources. The acquisition will add value to Kahoot’s already strong presence! in the education sector in the US and will provide the opportunity to expand Clever’s platform beyond the existing scope of Kahoot! from more than 200 countries, making application partners a springboard to international markets.
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