Chegg Acquires Software Company Flux / 3D3R, SEC Filing Reveals

Acquisitions

▤ Summary

An SEC filing surfaced this morning, showing that Chegg has made a yet unannounced acquisition for at least $1.1 million worth of common stock. We’ve confirmed with a Chegg spokesperson that, rather, the company snapped up a mobile app development firm called Flux Software Co. as well as a web-focused software development studio called 3D3R, although I gather these are actually two separate entities that share the same people. His software development and consultancy firm 3D3R has done work for a number of big companies, including Yahoo, Nokia, Current TV, Boxee, Metacafe, Badoo and Alcatel-Lucent. In that spirit, we recently acquired Flux Software Co./3D3R, which is an incredible engineering and design team focused on helping Chegg deliver the dynamic user experience students expect today. Pontarolo declined to discuss the specific terms of the acquisition and to provide more details about the reasoning behind the deal.

▥ Classifications

industries
No industries detected
applications
AI & Machine learning

◇ AskAI Classifications

Labels
Software Development Educational Software SaaS

▦ Linked Companies

Chegg
$500M to $1B