M&A Deal Summary

China Distance Education Acquires Xiamen NetinNet Software

On March 28, 2016, China Distance Education acquired software company Xiamen NetinNet Software for 33M USD

Acquisition Highlights
  • This is China Distance Education’s 1st transaction in the Software sector.
  • This is China Distance Education’s largest (disclosed) transaction.
  • This is China Distance Education’s 1st transaction in China.

M&A Deal Summary
Date 2016-03-28
Target Xiamen NetinNet Software
Sector Software
Buyer(s) China Distance Education
Deal Type Add-on Acquisition
Deal Value 33M USD

Target

Xiamen NetinNet Software

Fujian, China
Xiamen NetinNet Software Co. Ltd. is a provider of simulation software tailored for china’s college market, and offers a suite of accounting-related learning products. With more than 1,300 college customers across china utilizing its simulation learning platform.

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Buyer(S) 1

Buyer

China Distance Education

Beijing, China
Category Company
Founded 2000
Sector Education
Revenue 210M USD (2019)
DESCRIPTION

China Distance Education is a provider of online education in China focusing on professional education. The courses offered by the company through its websites are designed to help professionals seeking to obtain and maintain professional licenses and to enhance their job skills through our professional development courses in China in the areas of accounting, healthcare, engineering & construction, and other industries. China Distance Education was founded in 2000 and is based in Beijing, the People's Republic of China.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
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