D2L Inc., a leading global learning technology company, announced that it has acquired H5P Group AS, a leading provider of interactive content creation software used by educators and organizations globally to increase engagement and boost learning by creating and enriching course materials.
This transaction aligns with D2L’s commitment to expanding its learning platform with a focus on technologies that enhance the learning moment and improve learning outcomes.
H5P Group was founded in 2014 and is the creator of H5P, the cutting-edge software platform for creating rich learning content interactives. The company’s innovative suite of over 60 interactive content tools in areas such as live-engagement activities, formative assessment, and interactive learning, along with its AI-powered Smart Import Tool, help educators access enriched course materials to boost learning outcomes, driving innovation and engagement for millions of individuals in more than 50 countries. H5P Group has approximately 30 employees, primarily based in Norway.
Building on its 25 years of learning transformation, D2L is committed to investing in and contributing to the H5P community as it helps more educators deliver engaging and interactive learning experiences, both to D2L Brightspace users and beyond. Through its dedication to the learning moment, D2L is committed to supporting the H5P open-source community as it continues to drive innovative and quality interactives.
Under the terms of the share purchase agreement, D2L acquired H5P for a purchase price of US$25.6 million at closing, with potential earnout payments of up to US$7.4 million based on the achievement of certain performance milestones.
“We believe strongly in the power of easy-to-use creation tools in online learning to improve engagement and ultimately achieve better learning outcomes,” said John Baker, D2L’s founder and CEO. “These capabilities are increasingly in demand among our customers and prospects, and with this transaction we’re adding H5P’s best-in-class software to complement the Brightspace learning platform and our Creator+ product. In addition to great technology, H5P has built a growing base of recurring revenue in an efficient and sustainable way, aligning with our balanced growth and profitability operating model. Together, we believe we can accelerate the development and time-to-market of these products and enhanced creator features, unlocking additional market opportunity and establishing leadership in the growing interactive learning space. This transaction aligns with our strategy to expand our learning platform by developing and acquiring new products that enhance the learning moment and address the evolving needs of our customers.”
Mr. Baker added: “We’re thrilled to welcome the team at H5P and its vibrant user community. We look forward to working together to support millions of users and partners with powerful, interactive learning experiences.”
“I am extremely excited to join D2L and to accelerate the vision of H5P. It was of great importance to us to become part of an organization with the same commitment to empowering users to create and share richer learning experiences. Together, we will help more educators around the world create better interactive content faster, leading to stronger learning outcomes,” said H5P Group CEO and founder Svein-Tore Griff With.
Source: PR Newswire
