Oslo-based learning platform company Kahoot! has acquired Clever, a privately-held, San Francisco-based company that offers a digital learning platform used by US K12 schools.
Kahoot! Group will pay an enterprise value of between $435 million and $500 million on a cash and debt-free basis, including a performance-based element for 2021-2022. The consideration will consist of a combination of cash and Kahoot! shares.
Clever will remain an open platform and continue to operate under the Clever brand and Clever Inc will operate as an independent company in the Kahoot! Group.
Founded in 2012, Clever’s open platform brings schools, teachers, students and application developers together in a single-sign-on education network.
Eilert Hanoa, chief executive at Kahoot! said: “Today’s announcement marks a milestone in Kahoot!’s mission to make learning awesome. Clever and Kahoot! are two purpose-led organisations that are equally passionate about education and unleashing the potential within every learner. Through this acquisition we see considerable potential to collaborate on education innovation to better service all our users – schools, teachers, students, parents and lifelong learners – and leveraging our global scale to offer Clever’s unique platform worldwide.”
“In the same way as we are improving our offerings with Kahoot! at Work towards enterprises with Kahoot! Spirit and our acquisitions of Actimo and Motimate, the acquisition of Clever will strengthen our offerings towards schools, districts and families.”
Tyler Bosmeny, co-founder and chief executive of Clever, added: “We founded Clever because we believed that technology can be a powerful lever to make learning more joyful and engaging – and no one embodies that more than Kahoot! Being part of the Kahoot! family will give us the opportunity to not only continue our mission, but to accelerate our plans to serve international markets. We are inspired to be a part of Kahoot! Group and excited to work with Eilert and the team to unlock the opportunities ahead for schools around the globe.”
Date published: 6 May 2021