Class Technologies, a Washington, DC-based company which specializes in synchronous virtual classrooms, acquired CoSo Cloud, a South Plainfield, NJ-based technology and services company that provides secure private cloud managed services, custom software applications, and expert professional services for the Federal and Corporate markets.
The amount of the deal was not disclosed.
With the acquisition, Class technologies will expand into corporate and government training markets.
The combination of Class and CoSo will deliver workforce development solutions to both companies’ customers and the market at large:
- Class brings its product and services expertise in the Higher Education and K-12 markets.
- CoSo brings its managed services expertise, enriching enterprise applications for the Federal and Corporate markets where security and compliance are crucial requirements. This includes high consequence meetings, virtual trainings, and eLearning platforms for the Federal government with FedRAMP authorization; and commercial certifications to comply with Federal regulations such as HIPAA, HITRUST, GDPR, IPEDA, and more.
- With the addition of the CoSo team, Class will bring together a team of technologists, compliance experts, and education experts that will serve 10M+ users representing 1,500+ institutions worldwide.
The acquisition expands Class’ ability to support distributed workforce development and training with government and Federal agencies, and corporate learning teams globally, with added security and compliance protection regardless of the virtual classroom.
Led by CEO Glen D. Vondrick, CoSo Cloud provides secure private cloud managed services, custom software applications, and expert professional services for virtual education and eLearning. Global enterprise and government customers use its platform to complement their Adobe Connect, Adobe Learning Manager, and Classroom solutions when security, compliance, and reliability requirements demand more from virtual meetings and learning management systems. CoSo Cloud is an Adobe, Class Technologies, SAP and Zoom partner.
Founded by Michael Chasen, Class Technologies provides Class, a virtual classroom software platform for education that enables the secure and active learning of 10M+ users from 1,500+ institutions worldwide.
FinSMEs
26/04/2023