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  6. Class Acquires CoSo Cloud

M&A Deal Summary

Class Acquires CoSo Cloud

On April 20, 2023, Class acquired internet software and services company CoSo Cloud

Acquisition Highlights
  • This is Class’ 1st transaction in the Internet Software and Services sector.
  • This is Class’ 2nd transaction in the United States.
  • This is Class’ 1st transaction in California.

M&A Deal Summary
Date 2023-04-20
Target CoSo Cloud
Sector Internet Software and Services
Buyer(s) Class
Deal Type Add-on Acquisition

Target

CoSo Cloud

Oakland, California, United States
CoSo Cloud provides a secure private cloud platform as a managed service for distributed businesses and government agencies to conduct reliable virtual training and engage in high-consequence virtual meetings. The company also offers software applications and professional services to customize virtual meeting rooms for specific use cases whenever requirements demand more than cloud meetings. It is an authorized Adobe Connect Gold partner and a leading eLearning services provider. CoSo Cloud was formed in 2007 and is based in Oakland, California.

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Buyer(S) 1

Buyer

Class

Washington, District of Columbia, United States
Category Company
Founded 2020
Sector Software
DESCRIPTION

Class is software company that adds teaching and learning tools to zoom. It helps instructors take attendance, hand out assignments, give a quiz or test, grade work, proctor exams, talk one-on-one with a student, track student progress, and more all within the zoom platform. Class was founded in 2020 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Blackboard Collaborate

Virginia, United States

Blackboard Collaborate is a synchronous virtual classroom space serving over 10 million users across more than 1,300 institutions in over 75 countries worldwide.

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