• Light Blue Optics sell key assets to Promethean World

    ASSET SALE

Light Blue Optics (LBO) develops and supplies advanced user-interface technology for use in high-volume applications in markets including education, training, corporate boardrooms and consumer electronics.

LBO software is embedded in cutting-edge interactive flat-panel displays and projection-based whiteboards sold by market leaders, providing best-in-class performance at affordable cost.

Promethean has acquired the interactive touch and pen technology from Light Blue Optics Limited,. The acquisition includes the intellectual property rights for the technology and key members of LBO’s engineering team. The new interactive technology will further enhance students and teachers’ experience with their Promethean classroom display for a seamless, engaging learning environment.

Acuity worked with LBO from the outset of their process, identifying Promethean and helped to conclude the process.

“Q Advisors and Acuity Advisors managed our first-ever fundraising process with a high degree of professionalism and swiftness, casting a wide net and leveraging their longstanding senior-level relationships with institutional VCs and growth equity investors in the US and Europe to deliver a successful outcome for Innoveo. Their team’s knowledge of underlying technology, SaaS subscription models, and insuretech/fintech vertical was exactly what we were looking for to position Innoveo with growth equity investors. Their senior staff worked closely with my team to articulate Innoveo’s differentiation against a fragmented market backdrop and exhibit Innoveo’s unique technological, commercial, and financial attributes that made us stand out from the pack. This funding puts Innoveo on a path to accelerate growth and I look forward to continuing to work with Q and Acuity in the future.”

AMIR GHAFFAR | CEO
Innoveo

Team Members

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