The Oslo-based startup said that it is acquiring 100% of the shares in Actimo ApS and the purchase is being made between $26M (approx €22M) and $33M (approx €28M) in a combination of cash and share. The sale is expected to be completed in October 2020.
“We are excited to welcome the Actimo team to be part of the fast-growing Kahoot! family” says Kahoot! CEO, Eilert Hanoa. “This acquisition will further extend Kahoot!’s corporate learning offerings, by providing solutions tailored for the frontline segment, as well as to solidify company culture and engagement among remote and distributed teams in companies of all types and sizes.”
How does this acquisition benefit Kahoot?
The acquisition boosts another segment of Kahoot!’s business – corporate customers. Together with Actimo, the edtech company aims to enhance corporate learning and engagement tools by combining features from the Actimo platform with the learning approach, scale, and reach of Kahoot. Moreover, it will continue to develop Kahoot! 360, the company’s product for corporate learning scaled to enterprise.
Actimo – mobile workspace for remote employees
Actimo, based in Denmark, is on a mission to help companies connect efficiently with their employees. To date, more than 200 enterprise companies, such as Circle K, Hi3G, and Compass Group, use Actimo to transform the way they engage and motivate their employees. Currently, Actimo has annually recurring revenue (“ARR”) of approx $5 million (approx €4.2M).
“We are thrilled to join forces with Kahoot! in our mission to develop next-level solutions that connect remote employees and boost employee engagement and productivity,” says Eske Gunge, CEO at Actimo. “Being part of Kahoot! and with our experience of working with innovative and ambitious enterprises across industries, we can together set a new standard for corporate learning and engagement.”
Making learning awesome
Founded in 2013 by Morten Versvik, Johan Brand, and Jamie Brooker, Kahoot! aims to make learning interesting through gaming. In the last 12 months, more than 200 million games have been played on the Kahoot! platform with over one billion participating players in 200 countries. The company is headquartered in Norway with offices in the US, the UK, France, Finland, and Poland.
Main image credits: Kahoot!