Wyblo Working To Acquire Startup Software
Torino, Italy – December 15, 2022: Wyblo, an Italian EdTech Startup creating tech to support the training industry, announced that they are starting the process to acquire Clay, a startup that created a digital tool that helps instructors create a social classroom, to fulfil their goal of elevating the training industry. The acquisition of Clay further increases Wyblo’s share in the learning and development industry. “We are looking for ways to develop our product in a way that will enable our users to grow their business and better their learning outcomes”, said Kevin, CEO of Wyblo.
Discussions began after Wyblo co-founder, Kevin Giorgis, and Clay founder, Christoph Koenig, met at ESCP’s pitch and present event in January of 2021. They immediately saw the synergies of Clay’s community-driven learning environments and Wyblo’s goal of creating a training ecosystem and began discussing ways they can collaborate. After multiple conversations, they recognized the timing was ideal for both startups, and mutually agreed the vision of acquisition and complete integration of Clay into Wyblo would be the best solution for both teams. “We are excited about this big next step for Clay and believe that through our well aligned missions and complementary nature of products the integration of Clay into Wyblos ecosystem will enable the delivery of social learning at scale,” says Clay’s founder Christoph Koenig. Both teams are equally excited to see their shared vision of social learning brought into the training industry with this acquisition. This acquisition is expected to close by the end of this year.
View Press Release here.