Add-on Acquisition • Internet Software and Services

Promethean Acquires Explain Everything

On November 28, 2022, Promethean acquired internet software and services company Explain Everything

Acquisition Context

This is Promethean’s 1st transaction in the Internet Software and Services sector.
This is Promethean’s 2nd transaction in the United States.
This is Promethean’s 1st transaction in Connecticut.

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M&A Deal Summary
Date	November 28, 2022
Target	Explain Everything
Sector	Internet Software and Services
Buyer(s)	Promethean
Deal Type	Add-on Acquisition

Target Company

Explain Everything

Ridgefield, Connecticut, United States

Explain Everything is a whiteboard platform designed to help teachers and students create and complete engaging lessons and assignments, video capture, and collaborate. Explain Everything was founded in 2015 and is based in Ridgefield, Connecticut.

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Buyer Overview 1

Buyer

Promethean

Blackburn, United Kingdom

Category	Company
Sector	Education

DESCRIPTION

Promethean creates, develops and supplies leading edge, interactive learning technology and is a leading player in the interactive collaboration technologies space making and supplying Interactive Whiteboards along with in-class voting systems, remote tablets and associated software and content.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: Connecticut	1 of 1
Country: United States	2 of 2
Year: 2022	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-09-30	Light Blue Optics - Interactive Touch and Pen Technology United States Light Blue Optics - Interactive Touch and Pen Technology provider of technology services to education industry.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-09-30

Light Blue Optics - Interactive Touch and Pen Technology

United States

Light Blue Optics - Interactive Touch and Pen Technology provider of technology services to education industry.

Buy

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