In 2023, NetDragon announced a plan to spin off Promethean to merge with Gravitas Education Holdings, aiming to operate as a standalone company (later known as MYND.AI) listed on the NYSE to focus on AI in education.
The deal was made via an indirect non-wholly-owned subsidiary, Digital Train, and concluded in November 2015. 5. Post-Acquisition Developments and Evolution
NetDragon aimed to combine its expertise in internet communities and software with Promethean’s leading interactive hardware, particularly the ActivPanel and ActivBoards.
As of 2025, Promethean operates under the holding company MYND.AI, focusing on AI-enabled classroom technology, while NetDragon maintains its broader education and gaming business. 6. Conclusion
This paper outlines the strategic acquisition of Promethean World PLC by NetDragon Websoft Inc., a transaction completed in late 2015 that significantly shifted the landscape of global education technology (ed-tech).
Provide more details on the into Mynd.AI?
On November 3, 2015, Hong Kong-listed ("NetDragon") announced the completion of its acquisition of Promethean World PLC ("Promethean"), a London-listed global leader in interactive learning technology. The all-cash deal valued at approximately US$130 million (£84.1 million) gave NetDragon full ownership of Promethean. This move was designed to merge NetDragon’s internet/gaming capabilities with Promethean’s established hardware/software presence in over 100 countries and 1.3 million classrooms. 2. Companies Overview
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