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  6. WeVideo Acquires PlayPosit

M&A Deal Summary

WeVideo Acquires PlayPosit

On August 16, 2022, WeVideo acquired software company PlayPosit

Acquisition Highlights
  • This is WeVideo’s 1st transaction in the Software sector.
  • This is WeVideo’s 1st transaction in the United States.
  • This is WeVideo’s 1st transaction in Colorado.

M&A Deal Summary
Date 2022-08-16
Target PlayPosit
Sector Software
Buyer(s) WeVideo
Deal Type Add-on Acquisition

Target

PlayPosit

Denver, Colorado, United States
PlayPosit is a software company that offers an online interactive environment that seamlessly integrates layered learning experiences directly into video content. PlayPosit was founded in 2013 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

WeVideo

Lake Forest, California, United States
Category Company
Founded 2011
Sector Internet Software and Services
DESCRIPTION

WeVideo is a provider of cloud-based video editing software focused on the K-12 education market. WeVideo serves more than 6,500 school districts and more than four million students with a cloud-based application that enables users to create video content and collaborate via web browsers and mobile devices. WeVideo was founded in 2011 is based in Lake Forest, California.

DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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