Netdragon Buys Promethean Instant

This paper outlines the strategic acquisition of Promethean World PLC by NetDragon Websoft Inc., a transaction completed in late 2015 that significantly shifted the landscape of global education technology (ed-tech).

The acquisition of Promethean by NetDragon was a pivotal moment in the 2015 ed-tech scene, representing a major push by a Chinese tech company into global physical classroom hardware. It provided NetDragon with the international infrastructure needed for its education initiatives and gave a struggling premium brand (Promethean) the financial backing to transition into a software-driven, AI-focused company. netdragon buys promethean

£84.1 million (approx. US$130 million or HK$1 billion). This paper outlines the strategic acquisition of Promethean