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23.02.2021 kl 16:34 10820

Børsmelding nettopp: KAHOT: Kahoot! acquires Whiteboard.fi to provide more powerful, engaging learning tools for all educators
Kahoot! today announced the acquisition of Whiteboard.fi, an online whiteboard
tool for teachers and classrooms, with a goal of providing more powerful

learning tools for educators worldwide

Oslo, Norway (February 23, 2021) - Kahoot!, the global learning platform

company, today announced the acquisition of Whiteboard.fi, an online whiteboard

tool for teachers and classrooms that helps engage students both in the physical

classroom and through remote learning. Through this acquisition, Kahoot! plans

to expand its platform and provide more powerful learning and engagement tools

for 7.5 million teachers on the Kahoot! platform, making it easy for them to

make learning awesome.

Kahoot! has acquired 100% of the shares in Digital Teaching Tools Finland Ltd,

the company behind Whiteboard.fi, for a total consideration of USD 6 million, in

addition to a performance-based element up to USD 6 million depending on

Whiteboard's performance in 2021-2022. The consideration will be settled in a

combination of cash and Kahoot! shares. More details will be provided in the

coming quarterly presentation.

The acquisition is completed and the initial consideration for the acquired

shares has been settled by a combination of cash and new Kahoot! shares to be

issued.

The Board of Directors of Kahoot! has accordingly resolved to increase the share

capital of Kahoot! with NOK 18,489.20 by the issuance of 184,892 consideration

shares to the shareholders of Digital Teaching Tools Finland Ltd at a

subscription price of NOK 110.39 per share in accordance with the share purchase

agreement. The selling shareholders of Digital Teaching Tools Finland Ltd have

entered into lock-up agreements with Kahoot! pursuant to which the consideration

shares are subject to a lock-up period of two years from completion of the

acquisition. Following this share issue there will be 446,276,859 issued and

outstanding shares in Kahoot!

In the last 12 months, more than 1.5 billion participating players in over 200

countries attended over 250 million Kahoot! sessions. As educators globally look

for solutions to carry out teaching seamlessly in an engaging way, whether in

the classroom or remotely, Kahoot! wants to bring more such tools and resources

so they can continue on their teaching journey and help unlock their students'

potential to the fullest.

Whiteboard.fi launched commercially in Finland in 2020 in addition to their free

offering, and has grown it's active users over 400% the last 6 months, reaching

more than in total 7 million users on a 30 day basis with most of its educators

in the United States and United Kingdom. Through Whiteboard.fi, teachers and

students get their individual digital whiteboard, where they can draw, write

text, make notations on images, add math equations, and more. Teachers can see

their students' whiteboards in real time and follow their progress, while the

students only see their own whiteboard and the teacher's. Whiteboard is an

instant formative assessment tool for the classroom, providing teachers with

live feedback and immediate overview over their students.

The acquisition of Whiteboard.fi is part of Kahoot!'s strategy to expand into

new areas of learning and make Kahoot! a trusted destination for all learners,

whether at school, work or home.

The acquisition of Whiteboard.fi is part of Kahoot!'s strategy to expand into

new areas of learning and make Kahoot! a trusted destination for all learners,

whether at school, work or home.

"We are thrilled to welcome Whiteboard.fi to the expanding Kahoot! family as we

advance towards our vision to become the leading learning platform in the

world," said Eilert Hanoa, CEO, Kahoot! "Whiteboard.fi's online whiteboard tool

provides a great canvas for teachers and students to express themselves, bring

more engagement, and learn while having fun. At Kahoot!, we want to provide the

best tools to our growing community of educators globally and Whiteboard.fi's

solution is a perfect fit with our steadily scaled proposition. We will continue

to expand into new areas to make Kahoot! the ultimate learning destination, no

matter the age, location or context, and to make learning awesome!"

"We are super excited to join the Kahoot! family, as we share the same mission

to improve education worldwide!" said Sebastian Laxell, CEO of Digital Teaching

Tools Finland Ltd. "It really is the perfect match, and together we can unleash

the full potential of the service. We look forward to releasing many new

features to our users!"

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