M&A Deal Summary

Riiid Acquires Qualson

On December 21, 2023, Riiid acquired internet software and services company Qualson

Acquisition Highlights
  • This is Riiid’s 1st transaction in the Internet Software and Services sector.
  • This is Riiid’s 1st transaction in South Korea.

M&A Deal Summary
Date 2023-12-21
Target Qualson
Sector Internet Software and Services
Buyer(s) Riiid
Deal Type Add-on Acquisition

Target

Qualson

Seoul, South Korea
Qualson is an English language learning and content provider that operates Real Class, an ESL learning platform to utilizes universally recognized global IP from major Hollywood studios including Warner Media and NBC Universal in delivering 'real-world' conversational English lessons to users in South Korea. Real Class was formed in 2012 and is based in Seoul, South Korea.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Riiid

Seoul, South Korea
Category Company
Founded 2014
Sector Information Technology
DESCRIPTION

Riiid is an artificial intelligence-driven, education technology company that operates several products using its core AI technologies, including its flagship product Santa TOEIC, an app that helps students primarily in South Korea, Japan, and Taiwan prepare for the Test of English for International Communication (TOEIC), and R.Test, a rapid diagnosis platform for the US market that helps students assess their expected performance on high stakes exams including the ACT and SAT. Riiid was formed in 2014 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Korea) 1 of 1
Year (2023) 1 of 1
Mergr

Product

Company

Legal