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Duolingo Acquires Gunner To Accelerate Product & Brand Development

Oct 04, 2022•about 3 years ago

Acquiring Company

Duolingo

Acquired Company

Gunner

PittsburghEdtechLanguage LearningE LearningEducationAnimation

Description

Duolingo, Inc. (Nasdaq: DUOL), the world's leading mobile learning platform, announced today that it has completed the acquisition of Gunner, a design and animation studio based in Detroit. Duolingo uses animation in its learning apps to drive engagement, keep learners motivated, and build its globally recognized brand.

Company Information

Company

Duolingo

Location

Pittsburgh, Pennsylvania, United States

About

Duolingo is the leading mobile learning platform globally. Its flagship app has organically become the world's most popular way to learn languages and the top-grossing app in the Education category on both Google Play and the Apple App Store. With technology at the core of everything it does, Duolingo has consistently invested to provide learners a fun, engaging, and effective learning experience while remaining committed to its mission to develop the best education in the world and make it universally available.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed