M&A Deal Summary

Promethean Acquires Explain Everything

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2022-11-28
Target Explain Everything
Sector Internet Software and Services
Buyer(s) Promethean
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
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.

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