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Kahoot! acquires US K-12 EdTech learning platform Clever

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Kahoot! acquires US K-12 EdTech learning platform Clever

Kahoot!, the global learning platform company, has completed  the acquisition of Clever, a privately-held, California-based company that is one of the most widely-used digital learning platforms in U.S. K-12 education.

Kahoot! and Clever are joining forces as two mission-driven companies, passionate about improving education through the use of technology. The Clever platform brings schools, teachers, students and education application developers together in a single sign-on digital learning platform that simplifies accessible learning. Kahoot!’s learning platform offers engaging learning experiences and user and partner-generated content to millions of learners worldwide, including its suite of family-friendly learning apps, rapidly growing viral distribution model and global scale.

Together, Kahoot! and Clever will provide improved digital learning solutions and offerings for educators, students, parents, schools and districts globally, helping learners unleash their full learning potential. Clever serves educators in more than 90,000 U.S. K-12 schools, 96 of the top 100 U.S. school districts as well as more than 20 million active students monthly. Kahoot! is used by more than 9 million educators globally and had 1.9 billion participating players from 200 countries on its platform in the last 12 months.

Making learning awesome, together

“This is a huge milestone for the Kahoot! Group,” said Eilert Hanoa, CEO at Kahoot!. “First and foremost, we see in Clever a passionate leadership and a world-class team that are just as committed to empowering educators and learners as we are. With that foundation, we see tremendous potential for the combined companies to serve even more educators, learners, parents and partners with consistently innovative products and practical solutions that respond to their specific needs, and provide the seamless experiences they’ve come to expect from both Kahoot! and Clever. We can’t wait to start making learning awesome together.”

“We founded Clever inspired by the belief that technology would become a powerful way to make learning more engaging, make teachers’ lives easier, and increase equity in education,” said Tyler Bosmeny, co-founder and CEO, Clever. “Today we’re thrilled to be joining Kahoot! to make this vision more real every day for students and teachers around the world.”

Complementary strengths that create unique advantage 

On the heels of a busy back-to-school season, as students and teachers return to the classroom for the new school year and others continue to follow either remote or blended learning models, digital learning tools that streamline access to engaging educational content and experiences will remain essential.

As a first step, the Kahoot!’s family of learning apps will gradually be made available on the Clever platform enhancing distribution channels for Kahoot! and provide unprecedented reach to Clever’s audience of thousands of schools and districts and millions of students. In return, the collaboration will generate synergies that will create additional potential for geographic market expansion for both companies. The acquisition will add value to Kahoot!’s already strong presence in the U.S. education sector and similarly will provide the opportunity to extend Clever’s platform across Kahoot!’s existing reach of over 200 countries in the years to come.

By joining forces, both Kahoot! and Clever will strengthen their ability to serve not only at the individual teacher and consumer level, but also possess the knowledge and expertise to effectively provide their offerings at the school and district level. This is especially critical with the continued rapid expansion and complexity of the U.S. EdTech ecosystem as it relates to data privacy, security and compliance required by school districts. The combined teams of Kahoot! and Clever will generate additional opportunities for larger school district agreements in the U.S. and globally.

In addition, the companies will jointly work to offer a compelling marketplace proposition for all learning apps, as well as continuous improved offering of learning tools to all users.

Transaction Terms 

As per the previously announced transaction terms, Kahoot! Group has acquired 100% of the shares in Clever Inc. for a total consideration reflecting an Enterprise Value (EV) of USD 435 – 500 million, on a cash and debt free basis, including an up to USD 65 million 2021-2022 performance-based element. The total consideration will be settled by a combination of approximately 82% cash and 18% Kahoot! shares.

Clever is now wholly-owned by the Kahoot! Group, and Clever Inc. will continue to operate as an independent company, led by its strong management team to continue to provide an open platform and operate under the Clever brand.

Forward looking statement

  • For the full year 2021, the Kahoot! Group reiterates the ambition to reach $90-100 million in invoiced revenue with continued solid positive cash flow from operations and to reach 1.1 million paid subscriptions. In addition, Clever Inc, which is now part of the Kahoot! Group, is expected to exceed $15 million in invoiced revenue for the four month period from September till December 2021, and exceed $46 million in invoiced revenue for the full year 2021.
  • For the third quarter 2021, the Kahoot! Group expects invoiced revenue of $22 million, representing approx. 90% YoY growth, and to reach 1 million paid subscriptions. In addition, Clever is expected to exceed $4 million in invoiced revenue for the month of September 2021.
  • The Company will explore the opportunity for a secondary listing, with timing of the listing being subject inter alia to the closing of the Clever transaction.

A company presentation with Clever will be held on Wednesday September 8, 2021. Sign up on www.kahoot.com/clever.

For more information about Clever, see the Clever overview on www.kahoot.com/clever.

Kahoot!

Alejandro Viquez, Communications Manager at Kahoot!

alejadror@kahoot.com or press@kahoot.com

Clever

Liz Stein, Whiteboard Advisors for Clever

liz.stein@whiteboardadvisors.com

About Kahoot!

Kahoot! is on a mission to make learning awesome! We want to empower everyone, including children, students, and employees to unlock their full learning potential. Our learning platform makes it easy for any individual or corporation to create, share, and play learning games that drive compelling engagement. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. In the last 12 months, 300 million games have been played on the Kahoot! platform with 1.9 billion participating players in more than 200 countries. The Kahoot! family also includes award-winning DragonBox math learning apps, the Poio learn to read app, the Drops language learning apps, the Actimo and Motimate employee engagement and corporate platforms and Whiteboard.fi, the online whiteboard tool for all educators, teachers and classrooms. The Kahoot! Group is headquartered in Oslo, Norway with offices in the US, the UK, France, Finland, Estonia, Denmark and Spain. Kahoot! is currently listed on the Oslo Stock Exchange under the ticker KAHOT. Let’s play!

About Clever

Clever is on a mission to unlock new ways to learn for all students. Since 2012 our team has been driven by a belief that technology is a powerful lever to make learning more engaging, give teachers superpowers, and advance educational equity. Now, more than 50% of US K-12 students use Clever’s single sign-on and secure portal for simplified access to a world of digital learning. Over 90,000 schools, including 96 of the top 100 U.S. school districts, and a network of leading application partners rely on the Clever API for speedy implementation and seamless student engagement. Clever has offices in San Francisco, California and Durham, North Carolina, and you can visit us anytime at clever.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/kahoot-completes-acquisition-of-leading-us-k-12-edtech-learning-platform-clever-301368111.html

SOURCE Kahoot!

Acquisition

Managed application solutions provider Contegix Acquires Ascend Integrated

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Managed application solutions provider Contegix Acquires Ascend Integrated

Contegix, a leading provider of managed application solutions and DevOps consulting services today announced the acquisition of Ascend Integrated. Ascend Integrated, an Atlassian Gold Partner, delivers advanced system solutions for Agile, DevOps, and system implementation and is primarily focused on the federal government market. This acquisition will augment Contegix’s expertise in Agile, SAFe, DevOps, ITSM, and solidify Contegix as the leading provider of Atlassian solutions to the public sector.

An Atlassian Verified Government Partner and Platinum Partner, Contegix helps public sector organizations more quickly advance their technology initiatives. Through a combination of business process consulting, technical engineering services and FedRAMP compliant managed cloud services, Contegix optimizes its customers’ Atlassian toolsets and supports implementations 24×7. With the acquisition of Ascend Integrated, Contegix increases its capacity to better serve these customers and offer new services such as custom application development, as well as professional services for GitLab, Smartsheets, and Monday.com.

“The acquisition of Ascend Integrated positions Contegix as the leader in DevOps solutions to the Federal market,” said Brad Hokamp, CEO of Contegix. “We selected Ascend Integrated because of the team’s depth of technical expertise and proven success in implementing complex systems at scale.”

Ascend Integrated has delivered solutions to large government entities including the United States Air Force, the United States Space Force, The Department of Health and Human Services and the Department of Commerce. Additionally, Ascend has a proven track record of implementing DevOps solutions and services for multiple commercial organizations, healthcare organizations, and financial institutions.

“Our mission of providing quality Agile IT and secure DevOps solutions aligns perfectly with the Contegix vision of accelerating innovation,” said Michael Brown, Founder and CEO of Ascend Integrated. “Now more than ever, customers will be able to take advantage of a wide range of services, resources, and expertise to directly support their Agile and DevOps goals following this merger. Additionally, Contegix’s FedRAMP compliant cloud provides customers with a secure, compliant environment.”

About Contegix

Contegix helps developers and operations teams securely accelerate application delivery. Our technology solutions optimize and support a select ecosystem of tools, enabling teams to collaborate more efficiently in secure and compliant environments. We specialize in the Atlassian toolset, security platforms, Web Content Management systems, AWS, and GitLab, and enthusiastically support our customers 24×7 with a U.S.-based team of application experts. To learn more, visit www.Contegix.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/contegix-acquires-ascend-integrated-301370684.html

SOURCE Contegix

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Sitecore Acquires AI-Powered Digital Search Platform Reflektion

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Sitecore Acquires AI-Powered Digital Search Platform Reflektion

Sitecore®, the global leader in digital experience management software, today announced the acquisition of San Mateo-based Reflektion, an AI-powered digital search platform that understands and predicts patterns, context, and needs in order to convert shoppers into buyers. The combination of Sitecore and Reflektion enables Sitecore to engage, educate, and empower shoppers to make purchase decisions faster – increasing buyer confidence, long-term revenue, and overall customer satisfaction and loyalty.

The acquisition – a continuation of Sitecore’s ongoing $1.2 billion growth plan – will help marketers solve the information overload that is characteristic of traditional search solutions, which leave customers unable to find and select the right product. 93% of all online experiences start with search, making it an integral part of the customer buying journey, and Reflektion elevates search into a conversational, guided experience that provides more personal, accessible, and tailored answers for the customer. Reflektion’s platform can be leveraged across all aspects of the Sitecore digital experience platform, from transforming product data into understandable consumer-friendly language to understanding shopper intent, behavior, and product preferences.  

“Search is about more than just entering words into a box and hoping for the right results – it is the cornerstone of a digital experience. With Reflektion, a brand can add various types of search including personalized search, preview search, conversational search, and voice search,” said Steve Tzikakis, CEO, Sitecore. “This reduces customers’ effort and anxiety to find exactly what they need – with more convenience and speed – and leads to increased customer satisfaction with more conversions and revenue. Acquiring Reflektion reinforces Sitecore’s position as the leader in digital experience technologies that meets customers in the moment with more relevant, intuitive, and human experiences.”

Reflektion includes complementary Commerce, AI and personalization capabilities that, alongside Sitecore’s acquisition of Four51, Boxever, and Moosend, offer even more power to seamlessly deliver targeted intelligent, personalized and real-time information across channels.

“Since its inception eight years ago, Reflektion has become recognized for its unique approach to search-product discovery technology. Our technology uses AI to adjust each consumer’s digital experience, in the moment, based on diverse data from multiple channels,” said Amar Chokhawala, Founder and Chief Executive Officer at Reflektion. “I am proud of the passionate team at Reflektion who has been successful in bringing our AI-first approach to many site-search deployments for large e-commerce and retailers’ websites. With Sitecore, the Reflektion team and customers will be able to continue to leverage the enhancement of digital experiences, leading to continued growth and results for all.”

The acquisition is expected to close in September 2021.

About Sitecore

Sitecore delivers a digital experience platform that empowers the world’s smartest brands to build lifelong relationships with their customers. A highly decorated industry leader, Sitecore is the only company bringing together content, commerce, and data into one connected platform that delivers millions of digital experiences every day. Leading companies including American Express, ASOS, Kimberly-Clark, L’Oréal and Volvo Cars rely on Sitecore to provide more engaging, personalized experiences for their customers. Learn more at Sitecore.com.

Sitecore is a registered trademark of Sitecore Corporation A/S in the USA and other countries. All other brand names, product names or trademarks belong to their respective holders.

About Reflektion

Reflektion’s Digital Commerce Experience Platform for eCommerce and Retail listens to the behaviors of each individual shopper, utilizes Artificial Intelligence to calculate their preferences and intent, and then responds to every moment-to-moment interaction by displaying the most relevant content and products in real-time and across the digital touchpoints that matter most—including preview and site search, product recommendations, category and landing pages, and email.

Leading retail brands such as Skechers, Ulta, Reeds, Petco, Ascena and RiteAid rely on Reflektion’s platform.

Founded by pioneers in Artificial Intelligence and awarded both the Best eCommerce Solution and Best Overall Business Technology Solution by SIIA in 2019, Reflektion combines individual shopper insights, product intelligence, and AI to create more relevant and impactful eCommerce experiences.

Contact

Shannon Lyman

Senior Director of Communications

shannon.lyman@sitecore.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/sitecore-acquires-ai-powered-digital-search-platform-reflektion-301368443.html

SOURCE Sitecore

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Acquisition

Prodapt Acquires Innovative Logic, will Expand to Silicon Valley, and Serve Global Digital Platform Companies

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Prodapt Acquires Innovative Logic, will Expand to Silicon Valley, and Serve Global Digital Platform Companies

Prodapt, the leading consulting, technology & managed services provider to the Connectedness vertical, announced that it has acquired Innovative Logic, a Silicon Valley-based hi-tech services company building next-generation solutions for global digital platform players.  Innovative Logic works with leading operators of the connected economy – including several FAANG, and leading global digital platform companies.

With the burgeoning demand for hi-tech services arising due to the explosive growth of 5G, IoT, AR/VR, the acquisition will enable Prodapt to play a vital role in the early stages of the innovation cycle, acquire new capabilities, and deepen relationships with digital platform companies in the connectedness industry.

Innovative Logic has built an impressive business with a marquee customer base and we’re excited to welcome them to the Prodapt family,” said Vedant Jhaver, Chairman and CEO, Prodapt. “Our combined expertise in the hi-tech services will help to strengthen our capability and relationships with some of the leading creators of the hyper-connected world,”  he added.

Innovative logic’s systems design capabilities in silicon (SoC, ASIC, FPGA) & software (Embedded, Firmware, IoT) complements Prodapt’s vision of Connectedness to play an end-to-end role that enables communications, collaboration, and entertainment. The expanded capability will help Prodapt provide services right from the device to the edge and the cloud.

“Joining Prodapt is a great cultural fit for the Innovative Logic team, given our shared belief to enable, integrate and build solutions using next-gen technologies,” said Dinesh Tyagi, President & CEO, Innovative Logic. “We can now scale and deliver a more powerful proposition to customers spanning across consulting, embedded systems design to operations and digital business outcome-driven solutions.”

About Prodapt: 

Prodapt has a singular focus on the Connectedness vertical. Prodapt’s customers range from telecom operators, digital / multi-service providers (D/MSPs), technology and digital platform companies in the business of connectedness.

Prodapt builds, integrates, and operates solutions enabling next-generation technologies and innovations. Prodapt works with global leaders including AT&T, Verizon, CenturyLink, Adtran, Vodafone, Liberty Global, Windstream, Virgin Media, Rogers, Deutsche Telekom among many others. Prodapt’s customers today help more than a billion people and five billion devices stay connected.

Prodapt has offices in North America, Europe, Latam, India, and Africa. It is part of the 120-year-old business conglomerate, The Jhaver Group, which employs over 22,000 people across 64+ locations globally.

About Innovative Logic: 

Innovative Logic is a technology services company delivering design/verification services in ASIC, FPGA, and embedded systems domains. Innovative Logic has been in the business of embedded solutions for 15+ years helping several FAANG and global tier 1 digital platform companies in domains such as Artificial Intelligence, Machine Learning, IoT, SSD, ADAS, networking, video, graphics, etc.

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