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Kahoot! to acquire Actimo
Posted on Wednesday, 16 September 2020 12:22
Kahoot! has agreed to buy Denmark-based employee engagement platform Actimo in a deal worth between USD 26.00 million and 33.00 million.
The consideration will be in the form of cash and shares and will also include a performance-based earnout.
Pending customary conditions, the deal is expected to complete in October 2020.
Launched in 2012, Actimo’s mobile-based platform allows users to reach, train and manage their workforce.
Its technology enables organisations to increase productivity and communicate with their employees via tasks and daily updates.
Through Actimo’s software, users can create onboarding flows and electronic learning guides that are paired intuitively with a worker’s schedule to ensure they have the right skills to perform their role.
Its tracking application also provides reports on organisation-wide data and compares information across locations and departments in seconds.
Actimo serves customers across the retail, hospitality, manufacturing and construction industries, among others, and posts annual revenue of around USD 5.00 million.
Its clients include Circle K, Hi3G and Compass Group.
Kahoot!’s chief executive, Eilert Hanoa, said: “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.”
He added the transaction is also in line with the group’s strategy to grow through mergers and acquisitions and add capabilities that can be leveraged across its global platform.
Following the deal, Kahoot! will continue to develop new services and will work with Actimo to extend its corporate learning product, Kahoot!360.
Established in 2012, the buyer is a global learning platform which offers educational tools and games for organisations worldwide.
Within the last 12 months, Kahoot! has hosted more than 2.00 million sessions with over 20.00 million active players.
During the six months ended 30th June 2020, the group posted revenue of USD 10.27 million, up from USD 2.57 million in the corresponding period of 2019.
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