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Voxy Acquires Fluentify To Create Comprehensive Solution For Global

Mar 28, 2023over 2 years ago

Acquiring Company

Voxy

Acquired Company

Fluentify

EdtechLanguage LearningE LearningEducationEdtechLanguage LearningE LearningEducation

Description

Expands portfolio of languages beyond English, strengthens presence in Europe

Company Information

Company

Voxy

About

Voxy is an innovative corporate training solution that has been used successfully by hundreds of corporate clients around the world to upskill their teams. Our AI-driven platform, accessed both on desktop and any mobile device, allows each learner to follow a fully personalized and highly engaging learning experience. Voxy’s comprehensive content library covers more than 80 technical and soft skill courses and 26,000+ English lessons taken from renowned resources such as the AP, the Financial Times, Bloomberg, and more. Voxy courses are accompanied by certified teachers who offer round-the-clock, remote live instruction, empowering people to improve communication, foster collaboration, and grow global businesses. Our scalable solution, facilitated by our comprehensive admin reporting dashboard, results in an effortlessly inclusive program, designed to drive results for modern learners.Backed by leading investors in education and technology, Voxy was founded in New York City and has teams across the US, Brazil, Chile, Mexico, Spain, Ireland, Italy, UK, Malaysia and Thailand. For more info, please visit https://voxy.com/

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