Netdragon Buys Promethean -

In 2023, NetDragon announced a plan to spin off Promethean to merge with Gravitas Education Holdings, aiming to operate as a standalone company (later known as MYND.AI) listed on the NYSE to focus on AI in education.

Promethean provided NetDragon with immediate, established sales and marketing channels in 100+ countries, particularly in North America where Promethean held a 25–30% market share. netdragon buys promethean

NetDragon pursued Promethean to accelerate its global expansion in the educational technology sector. In 2023, NetDragon announced a plan to spin

Promethean (under NetDragon) continued to innovate, acquiring Explain Everything in 2022 to strengthen its digital whiteboard SaaS capabilities. Deal Structure and Terms Price: 40 pence in

Promethean had been suffering from falling revenues and losses ($6.9 million loss in the year prior to the deal), providing a, lower-cost entry for NetDragon to acquire a premium brand. 4. Deal Structure and Terms Price: 40 pence in cash per Promethean share.