Announced
Completed
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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