Announced
Completed
Financials
Sources
Tags
United States
software company
software development
Private
Private Equity
Single Bidder
Majority
Completed
Domestic
Acquisition
Friendly
Software
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.