Edtech major Byju’s on Wednesday said it has acquired Austria-headquartered GeoGebra that runs an interactive mathematics learning tool with a community of over 100 million learners spread across some 195 countries.
The deal, through a mix of cash and stock component, is said to be $100 million in size, people briefed on the matter said.
Byju’s did not comment on the size of the deal.
GeoGebra will continue to operate as an independent unit under the leadership of its founder and developer Markus Hohenwarter, it said.
Byju’s said this acquisition complements its overall product strategy and will help create new product offerings and learning formats to its existing mathematics portfolio.
“At Byju’s, with the help of innovative teaching and technology, we have been making math fun, visual, and engaging. And with GeoGebra on board, we will continue to further enhance, reimagine and transform the way Math is taught and learned,” its chief strategy officer Anita Kishore said.
Source: Economic Times