London-based software-as-a-service technology company LoopUp Group has acquired San Francisco-headquartered SyncRTC, which specialises in remote education and corporate training.
The consideration for the acquisition is $4.5 million in cash and shares in a deal expected to complete tomorrow.
LoopUp stated that SyncRTC’s platform and solutions have created “a best-in-class experience for larger scale hybrid education and corporate training implementations”.
SyncRTC has around 30 education and corporate training customers, including Said Business School at the University of Oxford, NYU Stern School of Business, Colorado State University, Saudi Aramco and Grupo Santander.
LoopUp added that it has a long-standing relationship with SyncRTC’s founder and chief executive, Victor Sanchez, who becomes LoopUp’s chief technology officer.
Date published: 30 September 2021