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Miami edtech startup Nearpod acquired by Renaissance
Nearpod, the Miami-based edtech company, is being acquired by Renaissance Holding Corp., a group that develops education technology. While the deal hasn’t closed yet, Todd Brekhus, Chief Product Officer at Renaissance said in an interview this afternoon, “We have a definitive agreement signed by both parties.” The news of the deal first leaked to Yahoo! Finance yesterday, and a source inside the company confirmed the sale with TechCrunch this morning. Brekhus said that Renaissance doesn’t plan to disclose the price of the acquisition even after the deal has closed.
Nearpod offers an edtech platform that K-12 teachers use in the classroom to create interactive slides filled with videos, quizzes, questions and other activities. Students can use any device to participate in the lessons in real time; there is also a student-paced learning mode. In response to the pandemic, Nearpod now also offers remote learning.