Educativo, a software education company that aims to help young children learn how to speak, read and understand languages, has been acquired by a private company, Intempo, and will work in partnership with other educational providers.
Educativa is part of Intemps’ global education business.
Intempos founder and chief executive, Maria Elena, said the deal “opens the door for us to work with the biggest players in the industry” in the future.
Intrampos chief executive officer, Jorge Guzman, added that the new deal is “the perfect match for the company and its mission”.
Educativos aim to train more than 100 million children in more than 130 languages in 2020.
It is already working with a range of schools in China and the Philippines.
Educats global business was valued at more than $5.5bn in its most recent round, valued at $3.3bn.
Educators technology has also helped improve the performance of the British military in Afghanistan.
The British Army is also using the technology.
Intimpo chief executive Ivan Buehler said the company had seen a huge demand for its software in the education market.
Educated students “will have a real-time understanding of what they are learning, and they will have an appreciation of the benefits of the system that they are using,” he said.
The firm said its acquisition of Intimpos was part of an overall strategy to “reduce cost and reduce costs of delivering the best learning experiences to our customers”.
“This acquisition is a great fit for Educativism,” he added.