June 21, 2024

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Class Technologies Inc Acquires CoSo Cloud

Class Technologies Inc Acquires CoSo Cloud

Course Technologies Inc, which delivers products and services all over synchronous virtual school rooms, has acquired CoSo Cloud, a personal cloud managed solutions provider. Economic conditions of the deal have been not disclosed.

This is technology M&A deal selection XX that ChannelE2E and MSSP Inform have protected so much in 2023. See extra than 2,000 engineering M&A promotions for 2022, 2021, and 2020 mentioned right here.

About Course Technologies and CoSo Cloud

Class Technologies, launched in 2020, is centered in Washington, DC. The firm has 247 employees outlined on LinkedIn. Class’ areas of knowledge include training, technological know-how, and virtual classroom.

CoSo Cloud, launched in 2007, is based in South Plainfield, New Jersey. The company has 49 workers mentioned on LinkedIn. CoSo’s regions of experience involve eLearning, web collaboration, virtual classroom, managed expert services, genuine-time collaboration, web activities, digital teaching, genuine-time collaboration, adobe link, non-public cloud system, CEBP, Managed expert services, Adobe Captivate Key, customization, and LMS Integration.

The digital education products and solutions that CoSo presents – together with virtual eLearning, significant-consequence meetings, and instruction products – are operate on platforms like Adobe Join, Course, and Zoom. With the acquisition, CoSo will run as a wholly owned subsidiary of Course.

The blend of Course and CoSo will deliver workforce progress alternatives to each companies’ prospects, the firms claimed. The acquisition expands Class’ means to assist dispersed workforce advancement and instruction with govt and Federal companies, and company understanding groups globally, with included protection and compliance security no matter of the digital classroom, in accordance to Course.

Course Technologies Acquires CoSo Cloud: Govt Insight

Michael Chasen, co-founder and CEO, Course

Michael Chasen, co-founder and CEO, Course, commented:

“We are thrilled to broaden our guidance for understanding and development throughout the Federal and Company coaching marketplaces. The acquisition of CoSo Cloud delivers to Course substantial knowledge and verified knowledge to broaden our get to to international corporations, Federal federal government organizations, and high-consequence firms of all measurements.”

Glen D. Vondrick, previous CEO and now GM of CoSo Cloud, a Course corporation, reported:

“We are thrilled to be a part of together with Class on a shared eyesight. Jointly, we are a person global crew united and able of driving the up coming era of digital teaching, eLearning, and high-consequence meetings answers to provide all industries and tastes of our shoppers.”