EduFocal Limited (LEARN) has acquired the website and assets of https://cleverschoolteacher.com, a Denver based edtech company that provides Monthly curated K-1 resources and Live on-line professional development sessions for K1 Teachers in the United States of America.
The acquisition, which is being financed by the company, will be immediately accretive to earnings.
Gordon Swaby, Chief Executive Officer commented: “Acquisitions and new markets are high on our agenda as a primary driver of top and bottom line growth.”
The acquisition of Clever School Teacher gives us immediate presence in the USA on day one, access to hard currency and to opportunities at the often overlooked early childhood level, both in Jamaica, the region and obviously the USA.”
Marc Gayle, the lead consultant that drove the deal, added: “CST demonstrates the vast surface area of opportunities for EduFocal. Education has many niches, including teachers, not just students. Teachers need resources for lesson planning.” The transaction was structured through a new subsidiary, with Ramsay & Partners advising.
The CEO went on to add: “We are looking forward to growing an already very profitable company even more in the short term which will benefit our shareholders and a fast-growing number of users”.