Byju’s acquires Austria-based math platform GeoGebra
The acquisition is said to be a cash-and-stock deal pegged at around $100 million, people briefed on the matter said. Byju’s did not comment on the deal size.
“This acquisition complements Byju’s overall product strategy and integrates GeoGebra’s capabilities to enable the creation of new product offerings and learning formats to its existing mathematics portfolio,” the company said in a statement.
As part of the deal, GeoGebra will continue to operate as an independent unit within the Byju’s group under the leadership of its founder and developer, Markus Hohenwarter.
GeoGebra, with an expanding community of over 100 million learners across more than 195 countries, has a dynamic, interactive and collaborative mathematics learning tool, it added.
“The GeoGebra team has built a powerful and stimulating platform that complements Byju’s mission of providing impactful learning for students. Designed to improve mathematical understanding, it offers significant features that provide interactive resources that adapt to every child’s style and pace of learning,” Byju’s chief strategy officer Anita Kishore said.
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“Together with our combined strengths, we will have a wider reach and the best resources to build innovative and exciting next-generation learning formats”, she added.
( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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