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  5. Bolt Learning Acquires Sponge

M&A Deal Summary

Bolt Learning Acquires Sponge

On November 13, 2019, Bolt Learning acquired education company Sponge

Acquisition Highlights
  • This is Bolt Learning’s 1st transaction in the Education sector.
  • This is Bolt Learning’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2019-11-13
Target Sponge
Sector Education
Buyer(s) Bolt Learning
Deal Type Add-on Acquisition

Target

Sponge

Devon, United Kingdom
Sponge Ltd. designs and develops bespoke digital learning solutions, including eLearning, learning games, motion graphics, interactive video and immersive technologies (such as VR and AR) and blended learning solutions. Sponge works with some of the world’s largest brands and its solutions are used in more than 124 countries worldwide, with the capability to translate into over 200 languages.

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Buyer(S) 1

Buyer

Bolt Learning

Edinburgh, United Kingdom
Category Company
Founded 2013
Sector Education
Employees40
Revenue 2M GBP (2018)
DESCRIPTION

Bolt Learning is a Learning Management System (“LMS”) and online training solutions provider that offers a range of services, including bespoke elearning content creation through its inhouse ‘content editor’. Bolt Learning was founded in 2013 and is based in Edinburgh, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1
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