Kahoot!, the global learning platform company, announced the acquisition of Actimo, an employee engagement platform that empowers organizations to more efficiently build corporate culture with better communication, training and interaction with the workforce.
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Kahoot! acquires Actimo to strengthen corporate learning, culture and engagement
Kahoot! is acquiring 100% of the shares in Actimo ApS for a total consideration reflecting an enterprise value (“EV”) of USD 26-33 million on a cash and debt-free basis, to be settled in a combination of cash and shares, including a performance-based element. Completion of the transaction is subject to customary conditions and the transaction is expected to be completed in October 2020. Further details regarding the transaction will be presented in the Q3 report.
Kahoot! is on a mission to make learning awesome! by empowering all educators, teachers, students, and employees to unlock their full learning potential through a game-based learning platform. In the last 12 months, more than one billion participating players in over 200 countries attended over 200 million sessions.
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Kahoot! at work is bringing the next generation of learning to the modern workplace. Kahoot!’s game-based learning platform enables all kinds of organizations to create engaging presentations, training, events, and virtual learning. In the last 12 months, corporations and organizations around the world, including 97% of Fortune 500 companies, used Kahoot! at work to make learning awesome – with more than 2 million sessions and over 20 million participating players.
The acquisition of Actimo is a part of the strategy to strengthen the Kahoot! at work offering with employee tools to further enable all organizations to build their corporate culture. Actimo enhances Kahoot!’s corporate learning and engagement tools by combining the features of employee engagement from the Actimo platform with the learning approach, scale and reach of Kahoot!.
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