Netdragon Buys Promethean Official

Look into Promethean made due to NetDragon's investment? NetDragon expands with Promethean acquisition

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On November 3, 2015, Hong Kong-listed ("NetDragon") announced the completion of its acquisition of Promethean World PLC ("Promethean"), a London-listed global leader in interactive learning technology. The all-cash deal valued at approximately US$130 million (£84.1 million) gave NetDragon full ownership of Promethean. This move was designed to merge NetDragon’s internet/gaming capabilities with Promethean’s established hardware/software presence in over 100 countries and 1.3 million classrooms. 2. Companies Overview netdragon buys promethean

Acquisition Analysis: NetDragon Websoft Acquires Promethean World 1. Executive Summary

NetDragon aimed to use Promethean to combine technology, big data, and education, enabling a global "lifetime learning" model. Look into Promethean made due to NetDragon's investment

NetDragon pursued Promethean to accelerate its global expansion in the educational technology sector.

NetDragon aimed to combine its expertise in internet communities and software with Promethean’s leading interactive hardware, particularly the ActivPanel and ActivBoards. The all-cash deal valued at approximately US$130 million

A British educational technology company known for its interactive whiteboards (ActivBoards) and software (ClassFlow). It boasted strong market share in the U.S. and UK, with over 2 million teachers and 30 million students using its platform. 3. Rationale for Acquisition