Thompson Street Capital Partners-backed WeVideo completed the acquisition of PlayPosit.

Thompson Street Capital Partners-backed WeVideo, a cloud-based and collaborative multimedia creation platform, completed the acquisition of PlayPosit, a software company that offers an online interactive learning environment. Financial terms were not disclosed. "WeVideo was an early mover in the video creation market, and now the Company is leading the charge to increase the value of video content. Our goal is to help creators boost user engagement and increase ROI on training and information retention. With the addition of PlayPosit’s assessment capabilities, WeVideo will now offer a robust communication feedback loop that enhances the entire learning experience," Krishna Menon, WeVideo CEO.