Online learning tech company D2L buy software firm H5P Group

📆 9/07/2024 8:02 a. m.
📰 YahooFinanceCA

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Software Firm Noticias

Online Learning,Technology Company

TORONTO — Online learning technology company D2L Inc. says it has acquired software firm H5P Group AS in a deal worth up to US$33 million.

H5P Group was founded in 2014 and is the creator of the H5P software platform which is used to create interactive content.Under the agreement, D2L paid US$25.6 million at closing.

D2L founder and chief executive John Baker says together the companies can speed the development and time-to-market of products and improved creator features, unlocking additional market opportunity. "Fake it till you make it may work in Silicon Valley, but for the rest of us, I think once bitten twice shy may be more appropriate for AI," MacroStrategy Parternship's Ferguson told Bloomberg.The farm-equipment manufacturer will lay off about 600 employees across three US factories as it shifts production to a newly planned facility in Ramos, Mexico.

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