EdRev’s award-winning Socrates Learning Platform is a comprehensive multistage and multilanguage Educational Technology (“Edtech”) learning platform that bridges the home and classroom learning experiences and develops individualized learning paths for students across thousands of educational categories. The international education community is challenged with teacher shortages, crowded classrooms, and limited interactions between students, parents, and educators.
“The Socrates solution, by increasing student engagement and interest, students feel more incentivized to succeed in their academic life. By providing immediate feedback to the student, frequent status and core competency issues to both parents and faculty, a more comprehensive list of the students’ needs are addressed,” stated Education Revolution’s President and CEO
Socrates provides a uniquely adaptive platform that connects home and classroom learning experiences and develops adaptive and customizable learning paths for children across a myriad of educational categories. This platform provides a vast and growing range of academic content and is already used in homes, elementary and middle schools. This dynamic platform was awarded a grant recognizing its unique and innovative solution that offers significant societal benefits to students and educators from the
“Pushfor is extremely excited about Educational Resources and Socrates, which we believe will generate substantial synergies providing revenue, cash flow, and earnings growth,” stated
Pursuant to the Term Sheet, Pushfor will acquire 100% of the issued and outstanding shares of EdRev in consideration of (i) USD
The Term Sheet was negotiated at arm’s length. A finder’s fee 2.5% is payable on the Transaction.
Closing and completion of the Transaction are subject to the satisfaction of certain conditions, namely the completion of a satisfactory due diligence by the Company, the execution of the Share Purchase Agreement, and obtaining regulatory approval.
About
About
Cautionary Note Regarding Forward Looking Statements
All statements contained in this press release about anticipated future events constitute forward-looking statements. Forward-looking statements involve risks and uncertainties, as they reflect management's current beliefs and are based on information currently available to management. Actual results may differ materially from those anticipated in the statements made. The forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements are made as of the date of this news release and Pushfor assumes no obligation to update or revise them to reflect new events or circumstances except as expressly required by applicable securities law. Further information regarding the uncertainties and risks can be found in the disclosure documents filed by Pushfor with the securities regulatory authorities, available at www.sedar.com.
For further information:
Tel: (604) 357-4730
Email: info@pushinvesting.com
Web: www.pushinvesting.com
Source:
2021 GlobeNewswire, Inc., source