Promethean — Netdragon Buys

NetDragon aimed to combine its expertise in internet communities and software with Promethean’s leading interactive hardware, particularly the ActivPanel and ActivBoards.

As of 2025, Promethean operates under the holding company MYND.AI, focusing on AI-enabled classroom technology, while NetDragon maintains its broader education and gaming business. 6. Conclusion

Promethean (under NetDragon) continued to innovate, acquiring Explain Everything in 2022 to strengthen its digital whiteboard SaaS capabilities. netdragon buys promethean

Promethean provided NetDragon with immediate, established sales and marketing channels in 100+ countries, particularly in North America where Promethean held a 25–30% market share.

Provide more details on the into Mynd.AI? NetDragon aimed to combine its expertise in internet

Promethean had been suffering from falling revenues and losses ($6.9 million loss in the year prior to the deal), providing a, lower-cost entry for NetDragon to acquire a premium brand. 4. Deal Structure and Terms Price: 40 pence in cash per Promethean share.

£84.1 million (approx. US$130 million or HK$1 billion). Promethean had been suffering from falling revenues and

On November 3, 2015, Hong Kong-listed ("NetDragon") announced the completion of its acquisition of Promethean World PLC ("Promethean"), a London-listed global leader in interactive learning technology. The all-cash deal valued at approximately US$130 million (£84.1 million) gave NetDragon full ownership of Promethean. This move was designed to merge NetDragon’s internet/gaming capabilities with Promethean’s established hardware/software presence in over 100 countries and 1.3 million classrooms. 2. Companies Overview