The innovative African ed-tech business Quizac, which was founded by bright young people and awarded the title of “Most Innovative Gamification Platform in West Africa,” has been acquired by Tekedia Capital.
Quizac, a collaborative network of content providers, was founded in 2019 by Tade Samson, Tobi Awogbemi, Hussein Alayo, and Babatunde Caleb.
Tekedia Capital is a sector-agnostic syndicate with firms such as OurPass, Mecho Autotech, and Vetifly.
The firm offers several training courses, such as the Tekedia Mini MBA.
It can include gamified learning into its platform thanks to the acquisition of Quizac.
Quizac specialises in providing engaging, gamified educational content customised for African students.
The startup grew to serve corporate clients in 2021 to improve staff development and training.
“We will bake Quizac technology into the core engine of Tekedia, offering learners an immersive experience so that the pursuit of entrepreneurial capitalism and the mastering of fixing market frictions within the pillars of people, process, and tools powered by knowledge, capital, and risk-taking will be gamified,” a statement from Tekedia Capital reads.
After the acquisition, Quizac’s founders will leave the company, but the staff will remain to support the changeover.
Samson conveyed his thoughts on the acquisition, saying:
“They say all good things must come to an end, but for Quizac, this marks a fresh chapter.
“I am excited to announce that Tekedia Capital has acquired Quizac. I am confident that with this new development, Quizac will not only continue its original mission but will also reach new heights, potentially revolutionizing the educational landscape beyond the African continent.
“As part of the Tekedia Capital ecosystem, Quizac will benefit from access to a wealth of data resources and assets.”
Samson claimed that the acquisition discussions moved quickly, and the agreement was signed in less than a week.
We earlier reported Ant Group Co., which is financed by Jack Ma, is in talks to acquire Chinese internet platform Haodf.com in order to expand its artificial intelligence services in healthcare.
