Norway-based Kahoot! to acquire US edtech company Clever Inc.

Kahoot!, a Norway-based game-based learning platform company, has agreed to acquire US edtech company Clever Inc. in a deal valued in the range of $435-500 million.

The consideration has a performance-based element for 2021-2022 and will be made through a mix of cash and Kahoot! shares.

Clever Inc. is said to be among the largely used digital learning platforms by K-12 schools in the US.

Post-acquisition, it will continue to be an open platform and operate under its existing brand. It will operate as a standalone company in the Kahoot! Group, led by its existing management team.

According to Kahoot!, the partnership between the two education platforms with distinct and highly complementary offerings, will offer enhanced learning solutions and offerings to schools across the US, while expediting the worldwide expansion of Clever’s solutions.

Eilert Hanoa – CEO at Kahoot! Said: “Clever and Kahoot! are two purpose-led organizations that are equally passionate about education and unleashing the potential within every learner.

“Through this acquisition we see considerable potential to collaborate on education innovation to better service all our users – schools, teachers, students, parents and lifelong learners – and leveraging our global scale to offer Clever’s unique platform worldwide.”

Norwegian game-based learning platform company Kahoot! to acquire US edtech company Clever Inc. Image courtesy of Kahoot!

Established in 2012, Clever’s open platform is said to bring together schools, teachers, students, and application developers in a single-sign-on education network.

Through a marketplace, portal, API-based user management, and single-sign-on experience, Clever integrates student and teacher workflow. With its platform, students are provided a digital classroom with all the resources they require for logging in and start learning.

Teachers can create customized and organized digital classrooms and can see which students are taking part, and reach out to students who need help instantly without having to leave the platform.

Clever is said to have joined forces with 600 application developers which include Khan Academy and McGraw Hill. Recently, the US edtech company forged a new partnership with Google Classroom as well.

The company is expected to register revenues of $44 million for the current year.

Tyler Bosmeny – CEO and co-founder of Clever said: “We founded Clever because we believed that technology can be a powerful lever to make learning more joyful and engaging – and no one embodies that more than Kahoot!

“Being part of the Kahoot! family will give us the opportunity to not only continue our mission, but to accelerate our plans to serve international markets. We are inspired to be a part of Kahoot! Group and excited to work with Eilert and the team to unlock the opportunities ahead for schools around the globe.”

The deal, which is subject to regulatory approvals and customary closing conditions, is expected to be wrapped up in Q2 2021.

Last month, Kahoot! acquired employee engagement and learning app provider Motimate for $25-27 million.