Announced
Completed
Financials
Sources
Tags
Sweden
Completed
Cross Border
Acquisition
Majority
Venture Capital
educational solutions
Private
Friendly
Software
Single Bidder
Synopsis
Total Specific Solutions, which develops business software solutions, completed the acquisition of Ping Pong, which offers educational solutions for schools, universities, public sector and companies, from Alfven & Didrikson Invest, a venture capital firm. Financial terms were not disclosed. “We are very excited to expand our presence in Sweden and have Ping Pong, a leading company in learning management systems join us. Continuous learning and sharing of best practices are high on the agenda of TSS. And now, we have a company within our group that has created a platform to enable knowledge sharing not only in the educational sector but also across enterprises and public organizations. Ping Pong has over 2,5 million accounts, which is very impressive. And I am looking forward to finding out more about their approach to customer and user engagement. It is a solid company, and TSS can provide the ownership to support the growth," Ramon Zanders, TSS Group CEO.
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