Kahoot Acquires Clever Inc. for $500M to Expand Its Presence in the U.S.

IBL News | New York 

Norwegian EdTech game-based platform Kahoot! announced yesterday the acquisition of Clever Inc, a California-based platform widely used by U.S. K-12 schools. The final pricing will be between $435 and $500 million, depending on Clever’s performance this year.

By purchasing Clever, which will keep its brand, Kahoot will dramatically increase its presence in the U.S. market.

Founded in 2012, Clever claims to have served 20 million students monthly, that is, half of all U.S. students in 2020 in 89,000 schools. The company provides a popular single-sign-on network that simplifies accessible learning.

It has partnered with 600 application developers, including Khan Academy, McGraw Hill, Zoom, and Google Classroom. Its billed revenues are around $44 million.

Tyler Bosmeny, CEO and co-founder of Clever, said, “being part of the Kahoot! the family will give us the opportunity to continue our mission and accelerate our plans to serve international markets.”

Eilert Hanoa, CEO at Kahoot!, pointed out, “we are improving our offerings with Kahoot! at Work towards enterprises with Kahoot! Spirit and our acquisitions of Actimo and Motimate, the acquisition of Clever will strengthen our offerings towards schools, districts, and families in Kahoot! at School and Kahoot! at Home.”