Both companies are education tech startups based in Singapore

XSEED, a Singapore-based edtech company, has reportedly acquired Report Bee, a cloud-based software solution for school management. The amount of acquisition is undisclosed.

Founded in 2010 by Ananthraman Mani, Bala Ganesh S., and Anjan T., Report Bee is a cloud-based software solution that allows schools to assess, report, and analyse the performance of individual students, classes, and teachers.

With the acquisition, the founders will join XSEED.

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The acquisition will include the integration of Report Bee’s assessment platform and suite of products. XSEED intends to use Report Bee’s already established system to make real time assessments, provide personalised student feedback, and analyse data to diagnose teaching gaps.

Report Bee claimed that its platform has been used by close to 1,000 schools. Previously, it secured investment from India Education Innovation Fund which is wholly backed by Michael and Susan Dell Foundation.

Headquartered in Singapore with development centers in Delhi and Bangalore, XSEED said that it has reached one million children in eight countries.
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