Cision PR Newswire
Pluribus Technologies Corp. Completes Acquisition of the Kesson Group
News provided byPluribus Technologies Corp.
Jan 28, 2022, 10:25 AM ET
Closes Its Sixth Acquisition in the Growing eLearning Market
TORONTO, Jan. 28, 2022 /PRNewswire/ - Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company"), a growing acquiror of small, profitable software companies, today announced that, further to its press release dated January 25, 2022, Pluribus has closed its acquisition of all of the issued and outstanding common shares of Kesson Group Inc. and Kesson Group Holdings Limited (collectively, the "Kesson Group") pursuant to a share purchase agreement dated January 25, 2022.
The Kesson Group operates: Teach Away, a recruitment and professional development platform for international educators; Klassroom, which offers state-approved and U.S.-accredited teacher licensure programs that provide teachers an alternative pathway to a career in education through full certification and state licensing in certain jurisdictions; and Skooli, an online learning platform that offers tutoring options for K-12 school districts, not for profits, and corporations that want to support students with instant access to qualified teachers.
About Kesson Group
At Kesson Group, we envision a world where every student experiences the power of a great teacher. With nearly 20 years of experience connecting great teachers with great schools across the globe, we are home to one of the largest communities of job-seeking educators.
Kesson Group provides aspiring teachers with new and affordable pathways to teacher licensure, and connects them directly with employment at top schools and districts through its hiring platform. The online tutoring platform, Skooli, leverages a network of job seeking teachers to provide districts with accessible tutoring solutions that are affordable and equitable.
About Pluribus Technologies Corp.
Pluribus is a technology company that acquires small, profitable business-to-business software companies at reasonable prices in a range of verticals and industries. Pluribus provides experienced sales and marketing resources, strategic partnerships and enabling technologies including automation, self-service and artificial intelligence/machine learning to create new revenue streams and enable companies to grow into significant organizations in their respective markets. For more information, please visit: https://www.pluribustechnologies.com/.
Certain information in this press release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking information in this press release includes, but is not limited to, statements with respect to the business plans of Pluribus, including the successful completion and pace of future acquisitions, Pluribus management's expectation on the growth, profitability and performance of its current and future acquisitions, the Kesson Group's continued growth and profitability and ability to attract and train teachers and the anticipated synergies between the Kesson Group and the Company. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend" or negatives of these terms and similar expressions.
Forward-looking statements are based on certain assumptions, including Pluribus' ability to manage a complex portfolio of companies effectively; Pluribus' ability to scale its management team to support a rapid pace of growth; Pluribus' ability to raise sufficient financing to continue the pace of its acquisition strategy; Pluribus' ability to maintain its rapid pace of growth. Other assumptions include industry trends, the availability of growth opportunities, and general business, economic, competitive, political, regulatory and social uncertainties will not prevent Pluribus from conducting its business. While Pluribus considers these assumptions to be reasonable based on information currently available, they are inherently subject to significant business, economic and competitive uncertainties and contingencies and they may prove to be incorrect. Forward-looking information speaks only to such assumptions as of the date of this release.
Forward-looking statements also necessarily involve known and unknown risks, including without limitation, risks associated with general economic conditions, including the COVID-19 pandemic, adverse industry events, marketing costs, loss of markets, future legislative and regulatory developments, the inability to access sufficient capital on favourable terms, Pluribus' limited operating history; ability to complete favorable acquisitions; the software industry in Canada and internationally, income tax and regulatory matters, the ability of Pluribus to execute its business strategies, including the ability manage a complex portfolio of companies effectively, competition, currency and interest rate fluctuations, and other risks.
Readers are cautioned that the foregoing is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ from those anticipated. Forward-looking statements are not guarantees of future performance. The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. Except as required by law, Pluribus disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
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Pluribus Technologies Corp.
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SOURCE Pluribus Technologies Corp.