Acquisition of Sponge UK Limited by Boost (Bidco) Limited

Aliter Capital has completed a transaction which will see Sponge UK Limited, a custom digital learning solutions specialist, coming together with Glasgow-based Bolt Learning to create a major new force in the learning technology market.

 

Sponge designs and develops bespoke digital learning solutions, including eLearning, learning games, motion graphics, interactive video and immersive technologies (such as VR and AR) and blended learning solutions. Sponge works with some of the world’s largest brands and its solutions are used in more than 124 countries worldwide, with capability to translate into over 200 languages.

 

BDO provided financial and tax due diligence to Boost (Bidco) Limited.