Surrey, British Columbia-based investing company Pushfor Investments has agreed to acquire approximately 15% of Las Vegas-headquartered Education Revolution which provides the Socrates Learning System.
The consideration is US$200,000 in cash and the issuance of five million Pushfor shares valued at approximately US$350,000.
Socrates provides a platform that connects home and classroom learning and develops learning paths for children across a wide array of educational categories. The platform provides a range of academic content and is used in homes, elementary and middle schools.
Education Revolution’s president and chief executive Brian Rosenberg said: “The pandemic has created new challenges for our education system as well as amplifying existing ones. Making up for lost classroom time and increasing gaps in student capabilities will require a new generation of tools that engage students while providing teachers and parents with actionable feedback on the active progress of the student. Our partnership with Pushfor will help us to bring the next generation to the market as well as expand the scope of our educational content.”
Date published: 24 November 2021