Amira Learning Acquires Within'S Award-Winning Children'S Reading App, Wonderscope

Sep 29, 2022•almost 3 years ago

Acquiring Company

Amira Learning

Acquired Company

READING APP

San FranciscoE Learning

Description

Within today announced that Amira Learning has acquired its BAFTA and Kidscreen award-winning AR storytelling app, Wonderscope. With six AR storybooks designed to fire-up kids' imaginations while cultivating lifelong literacy skills, Wonderscope has received rave reviews from parents and teachers since its 2018 launch. Joining forces with Amira Learning, which uses AI to foster lasting enthusiasm for reading, represents an exciting natural progression for both apps.

Company Information

Company

Amira Learning

Location

5214f Diamond Heights Blvd 3255

San Francisco, California, United States

About

Amira Learning accelerates literacy outcomes by delivering the latest reading and neuroscience with AI. Propelling gains exceeding human tutoring, Amira is the only AI edtech validated by university and SEA efficacy research. Amira's Intelligent Growth Engine seamlessly bridges assessment, instruction, and tutoring, powering a coherent instructional cycle centered on a district's chosen curriculum. Amira continuously identifies skill gaps, recommends individualized reading plans aligned with district curricula, and delivers 1:1 tutoring with real-time feedback.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

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