Netdragon Buys Promethean 📥 🎉

This paper outlines the strategic acquisition of Promethean World PLC by NetDragon Websoft Inc., a transaction completed in late 2015 that significantly shifted the landscape of global education technology (ed-tech).

As of 2025, Promethean operates under the holding company MYND.AI, focusing on AI-enabled classroom technology, while NetDragon maintains its broader education and gaming business. 6. Conclusion netdragon buys promethean

Look into Promethean made due to NetDragon's investment? NetDragon expands with Promethean acquisition This paper outlines the strategic acquisition of Promethean

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 Conclusion Look into Promethean made due to NetDragon's

The offer represented a ~48% premium over the closing price of 27 pence on June 15, 2015.

NetDragon aimed to use Promethean to combine technology, big data, and education, enabling a global "lifetime learning" model.

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