Netdragon - Buys Promethean

This paper outlines the strategic acquisition of Promethean World PLC by NetDragon Websoft Inc., a transaction completed in late 2015 that significantly shifted the landscape of global education technology (ed-tech).

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Disclaimer: This report is based on information available in the search results as of April 2026. The 2015 acquisition is finalized, while subsequent spin-off activities occurred in 2023. To make this paper even more complete, This paper outlines the strategic acquisition of Promethean

On November 3, 2015, Hong Kong-listed ("NetDragon") announced the completion of its acquisition of Promethean World PLC ("Promethean"), a London-listed global leader in interactive learning technology. The all-cash deal valued at approximately US$130 million (£84.1 million) gave NetDragon full ownership of Promethean. This move was designed to merge NetDragon’s internet/gaming capabilities with Promethean’s established hardware/software presence in over 100 countries and 1.3 million classrooms. 2. Companies Overview The 2015 acquisition is finalized, while subsequent spin-off

Following the acquisition, Promethean continued to operate under NetDragon, with significant changes occurring years later:

NetDragon pursued Promethean to accelerate its global expansion in the educational technology sector.