Clio Online acquired by Bonnier

Clio Online is a Danish Software-as-a-Service (SaaS) company which develops, publishes and markets interactive digital K-12 educational materials.

Since the company’s foundation in 2006, Clio Online has grown to become the leading Danish publisher of K-12 digital educational material, covering the entire elementary school curriculum from Maths, Danish, English and German through History and Religion to Natural Science, Science & Technology and Gym.

In recent years, Clio Online has experienced tremendous growth rates of over 50% annually, achieved by a strong first mover position and positive market conditions. Going forward, the impressive growth is expected to continue as Clio Online, backed by Bonnier, is expected to expand internationally and as school expenditures continue to favour ed-tech rather than basic instructional materials.

Bonnier is a leading Swedish media group engaged in TV, daily newspapers, business and trade press, magazines, films, books, radio and digital media with operations in 16 countries around the world and over 9,000 employees. In Denmark, Bonnier’s activities – amongst other things – comprise Dagbladet Børsen, Illustreret Videnskab, Penge & Privatøkonomi, iFORM, CANAL8 and CANAL9.

Combining Bonnier’s strong market position in the Nordics and Clio Online’s strong first mover position, the consolidated entity will be able to continue its growth and further consolidate its strong position within the digital educational market.

Clearwater International acted as exclusive financial advisor to the sellers of Clio Online.

“Clio Online have played a significant part in placing Denmark at the forefront of digital educational resources in schools, on a global scale. Many countries are where Denmark was five to ten years ago and we are very eager to show new markets the potential of investing in more digital learning materials.”

Louise Herping Ellegaard, Founding Partner and manager, Clio Online

“Through our collective knowledge about the market for digital learning materials and strong presence in our future core markets, we have a unique opportunity to become the leading provider of digital educational materials internationally. An opportunity we have every intention of exploiting.”

Janus Benn Sørensen, Founding Partner and CEO, Clio Online

“Clio Online’s strong market position makes it possible for us to enter a highly interesting market segment and develop it even further, Digital learning materials in schools are one of the final frontiers in the digitalization of content and society. By acquiring Clio Online, we provide ourselves with the best possible partner for bringing that digitalization to markets outside of Denmark.”

Anders Eriksson, business area head for Bonnier Business to Business