Closes Its Sixth Acquisition in the Growing
eLearning Market
TORONTO, Jan. 28,
2022 /CNW/ - Pluribus Technologies Corp. (TSXV: PLRB)
("Pluribus" or the "Company"), a growing acquiror of
small, profitable software companies, today announced that, further
to its press release dated January 25,
2022, Pluribus has closed its acquisition of all of the
issued and outstanding common shares of Kesson Group Inc. and
Kesson Group Holdings Limited (collectively, the "Kesson
Group") pursuant to a share purchase agreement dated
January 25, 2022.
The Kesson Group operates: Teach Away, a recruitment and
professional development platform for international educators;
Klassroom, which offers state-approved and U.S.-accredited teacher
licensure programs that provide teachers an alternative pathway to
a career in education through full certification and state
licensing in certain jurisdictions; and Skooli, an online learning
platform that offers tutoring options for K-12 school
districts, not for profits, and corporations that want to support
students with instant access to qualified teachers.
About Kesson Group
At Kesson Group, we envision a world where every student
experiences the power of a great teacher. With nearly 20 years of
experience connecting great teachers with great schools across the
globe, we are home to one of the largest communities of job-seeking
educators.
Kesson Group provides aspiring teachers with new and affordable
pathways to teacher licensure, and connects them directly with
employment at top schools and districts through its hiring
platform. The online tutoring platform, Skooli, leverages a network
of job seeking teachers to provide districts with accessible
tutoring solutions that are affordable and equitable.
About Pluribus Technologies Corp.
Pluribus is a technology company that acquires small, profitable
business-to-business software companies at reasonable prices in a
range of verticals and industries. Pluribus provides experienced
sales and marketing resources, strategic partnerships and enabling
technologies including automation, self-service and artificial
intelligence/machine learning to create new revenue streams and
enable companies to grow into significant organizations in their
respective markets. For more information, please visit:
https://www.pluribustechnologies.com/.
Forward-Looking Information
Certain information in this press release constitutes
forward-looking statements under applicable securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking information in this press release
includes, but is not limited to, statements with respect to the
business plans of Pluribus, including the successful completion and
pace of future acquisitions, Pluribus management's expectation on
the growth, profitability and performance of its current and future
acquisitions, the Kesson Group's continued growth and profitability
and ability to attract and train teachers and the anticipated
synergies between the Kesson Group and the Company. Forward-looking
statements are often identified by terms such as "may", "should",
"anticipate", "expect", "potential", "believe", "intend" or
negatives of these terms and similar expressions.
Forward-looking statements are based on certain assumptions,
including Pluribus' ability to manage a complex portfolio of
companies effectively; Pluribus' ability to scale its
management team to support a rapid pace of growth; Pluribus'
ability to raise sufficient financing to continue the pace of its
acquisition strategy; Pluribus' ability to maintain its rapid pace
of growth. Other assumptions include industry trends, the
availability of growth opportunities, and general business,
economic, competitive, political, regulatory and social
uncertainties will not prevent Pluribus from conducting its
business. While Pluribus considers these assumptions to be
reasonable based on information currently available, they are
inherently subject to significant business, economic and
competitive uncertainties and contingencies and they may prove to
be incorrect. Forward-looking information speaks only to such
assumptions as of the date of this release.
Forward-looking statements also necessarily involve known and
unknown risks, including without limitation, risks associated with
general economic conditions, including the COVID-19 pandemic,
adverse industry events, marketing costs, loss of markets, future
legislative and regulatory developments, the inability to access
sufficient capital on favourable terms, Pluribus' limited operating
history; ability to complete favorable acquisitions; the software
industry in Canada and
internationally, income tax and regulatory matters, the ability of
Pluribus to execute its business strategies, including the ability
manage a complex portfolio of companies effectively, competition,
currency and interest rate fluctuations, and other risks.
Readers are cautioned that the foregoing is not exhaustive.
Readers are further cautioned not to place undue reliance on
forward-looking statements as there can be no assurance that the
plans, intentions or expectations upon which they are placed will
occur. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ from those anticipated.
Forward-looking statements are not guarantees of future
performance. The purpose of forward-looking information is to
provide the reader with a description of management's expectations,
and such forward-looking information may not be appropriate for any
other purpose. Except as required by law, Pluribus disclaims any
obligation to update or revise any forward-looking statements,
whether as a result of new information, events or otherwise.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press
release.
Contact:
Craig Armitage
LodeRock
Advisors
investors@pluribustechnologies.com
+1 (416) 347-8954
Richard Adair
Chief Executive Officer
Pluribus Technologies Corp.
1 (800) 851-9383
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content:https://www.prnewswire.com/news-releases/pluribus-technologies-corp-completes-acquisition-of-the-kesson-group-301470705.html
SOURCE Pluribus Technologies Corp.