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.