Texthelp Ltd acquires Wizkids
Belfast, 8th July 2021: Texthelp Ltd, the global leader in literacy and accessibility technology, has completed the acquisition of Wizkids. This deal will enable the best assistive technologies to be brought to many more students around the world, and follows Texthelp’s recent acquisition of the Lingit Group in March.
Wizkids is an edtech company, specialising in accessibility tools and data synchronisation.
Together, Texthelp and Wizkids will offer a wider and improved range of assistive technology and edtech management tools to their customers in the UK and Europe.
Martin McKay, Founder & CEO, Texthelp said: “It is fantastic to be able to welcome WizKids into the Texthelp family. Jonas and Uffe have built a great business that is helping struggling students and busy administrators across Northern Europe. We share a belief that everyone has the right to understand and to be understood. Wizkids are the market leader in Denmark and Sweden, and can help us achieve our goal to be the number one provider of assistive technology globally. By bringing together our technologies, we believe we can bring stronger Math products across the Nordics, and bring the WizKids Edulife product to our large and growing education customer base around the world. We want to continue to provide our shared customers with the wide choice of tools currently available to them and improve their user experience. In the future, our combined expertise and reach will drive more rapid product improvements for many more people around the world.”
Jonas Lund, CEO at Wizkids said: “Wizkids becoming part of the Texthelp group is really something special and the climax in our journey so far. Joining the Texthelp group will allow us to reach many more students and make a greater impact with our products across multiple geographies. I am looking forward to working with Martin and the wider combined team in the Texthelp Group as we work towards our shared goal of an even playing field for all".
Uffe Gorm Hansen, CTO at Wizkids, also commented: "By being part of the Texthelp group it will be possible for us to take our products to a new level. We will continuously strive to deliver the world's best products by using the latest technology and combining our sector expertise. "
Founded in 1996, the Texthelp Group is a global technology company helping people all over the world to understand and to be understood. It has led the way in creating innovative technology for the education and the workplace sectors for the last three decades.
In March 2021, Texthelp acquired the Lingit Group, including Lingit, LexAble and Claro Software. Together these companies offer a range of Assistive Technology tools including Lingdys, Textpilot, ClaroRead, Global Autocorrect and Global Tasks.
The Texthelp Group currently employs over 240 staff across locations in Northern Ireland, Great Britain, Norway, USA and Australia.
Texthelp is backed by Five Arrows, the private equity arm of Rothschild & Co.
© Texthelp Ltd 2021 www.texthelp.com
Wizkids is a successful Northern European EdTech company founded in 2005 aiming to help students unleash their full potential and level the playing field for all students. Wizkids offers AppWriter, EduLife, TxtAnalyser and MathSolver to more than 1 million users.
Wizkids currently employs over 50 staff across Denmark, England, Norway and Sweden.
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