Stibbe assists Uchida Yoko Co with the acquisition of Open Assessment Technologies
Stibbe assisted Uchida Yoko Co., Ltd., Japan’s Education Technology market leader with the acquisition of 100% of Open Assessment Technologies S.A. (OAT™), provider of TAO®, the leading open-source digital assessment solution for education and career advancement.
The institutional shareholders (and sellers) were ACT, Cito and LIST (Luxembourg Institute of Science and Technology). Together with the TAO User Group, OAT and Uchida Yoko will set the direction for the evolution of TAO and the provision of integrated learning solutions globally. As part of the transaction, Uchida Yoko intends to make additional investments in TAO to develop next-generation assessment design and item bank solutions.
In this transaction, we worked in close collaboration with Mori Hamada & Matsumoto.
