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Edtech firm ProBility Media expands footprint with Cranbury acquisition

Cranbury sells training and educational materials in Brazil, Mexico, Columbia, Trinidad
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ProBility Media Corp said it was pleased to have sealed the deal.

Edtech firm ProBility Media Corp (OTCQB:PBYA) has taken a 'major step' in its geographical expansion plan, it revealed, with the acquisition of Cranbury International.

The latter represents around 40 major publishers internationally and sells training and educational materials to governmental institutions and private sectors in Brazil, Mexico, Columbia, Trinidad, and others.

"We are very excited to close on this transaction and to now access all the positive opportunities and synergies that Cranbury brings to our organization," said Evan Levine, chairman and chief executive of ProBility.

"Not only did we acquire an established business which increases our product offerings, customer base and international footprint, but we now have a tremendous opportunity to introduce many of Cranbury's clientele to the e-learning and virtual reality training products that ProBility is becoming known for."

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September 19 2017

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