Kahoot! is acquiring 100% of the shares in Actimo ApS for a total of USD 26-33 million on a cash and debt-free basis, to be settled in a combination of cash and shares, including a performance-based element.
Completion of the transaction is subject to customary conditions and the transaction is expected to be completed in October 2020.
Actimo enhances Kahoot!’s corporate learning and engagement tools by combining the features of employee engagement from the Actimo platform with the learning approach, scale and reach of Kahoot!.
Kahoot! will continue to develop new services and solutions, and together with Actimo extend Kahoot! 360, the company’s product for corporate learning scaled to enterprise, to fit the needs of today’s HR, learning and development roles, and internal communications teams.
In the last 12 months, more than one billion participating players in over 200 countries attended over 200 million Kahoot! sessions.
In the last 12 months, corporations and organizations around the world, including 97% of Fortune 500 companies, used Kahoot! at work to make learning awesome – with more than 2 million sessions and over 20 million participating players.