Softbank-backed UOL EdTech completed the acquisition of a 68% stake in Qulture.Rocks.

Softbank-backed UOL EdTech, a developer of an education technology platform, completed the acquisition of a 68% stake in Qulture.Rocks, a developer of a performance management platform. Financial terms were not disclosed. “Qulture.Rocks strengthens UOL EdTech’s momentum to join companies with solutions that add value to our platform and customers, in tune with our strategy. At the same time, our training and content solutions will add even more power to the Qulture.Rocks platform. Clients now have a single solution that solves the main talent management and workforce training challenges, with features such as 1:1 assessment, feedback, goal management, IDP, succession planning, and people analytics, among others,” Alex Augusto, UOL EdTech CEO.