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Tuesday, May 28, 2024

Riiid Announces its Acquisition of Qualson

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Acquisition combines Riiid’s advanced AI assessment technology with Qualson’s premium English language learning content

Riiid Inc., a Softbank Vision Fund-backed AI education technology company, announced today the acquisition of Qualson Co Ltd., a leading English language learning and content provider based in South Korea. Qualson is the owner and operator of popular B2C English learning platforms including its flagship Real Class™, known widely for using high quality content sourced from international media companies to teach real-world, conversational English.

Founded in 2012, Qualson has operated a diverse portfolio of language learning brands and is known for collaborating with well-known public personalities in South Korea to deliver premium Hollywood movie and TV show-based learning content. Users of Qualson’s products including Real Class™ seek practical, daily English learning lessons and participate in live classes in addition to consuming video-on-demand (“VOD”) content. 

The acquisition enables several routes for Riiid to augment Qualson’s products via injection of its globally-renowned “knowledge tracing” and “content recommendation” AI technologies. Equally, Qualson’s premium and loyal user base, ultra-high quality content, and English-as-a-second-language (“ESL”) market ‘know-how’ enables Riiid to accelerate development of its future ESL product. Qualson’s CEO, Sooyoung Park, will take on a larger role within the combined business.

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