Class Technologies completes acquisition of CoSo Cloud
Class Technologies Inc., the synchronous virtual classrooms platform, today announced the acquisition of CoSo Cloud LLC (CoSo), a technology and services company that provides secure private-cloud managed services, custom software applications, and expert professional services for the Federal and Corporate markets.
“We are excited to expand our support for learning and development across the Federal and Corporate training markets,” said Michael Chasen, Co-founder and CEO of Class. “The acquisition of CoSo Cloud brings to Class substantial experience and proven expertise to broaden our reach to global corporations, Federal government agencies, and high-consequence businesses of all sizes.”
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 training, 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 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.
With the acquisition, CoSo will operate as a wholly owned subsidiary of Class and will continue to support a diverse range of virtual eLearning, high-consequence meetings, and training products. The terms of the deal were not disclosed.
“We are thrilled to join together with Class on a shared vision,” said Glen D. Vondrick, former CEO and now GM of CoSo Cloud, a Class company. “Together, we are one global team united and capable of driving the next generation of virtual training, eLearning, and high-consequence meetings solutions to serve all industries and preferences of our customers.”