Kaltura to Acquire eSelf.ai in $27 Million Deal; Shares Up Pre-Bell

MT Newswires Live11-11

Kaltura (KLTR) said late Monday it agreed to acquire eSelf.ai in a deal valued at about $27 million.

The deal consideration consists of a cash payment of $7.5 million upon closing, $12.5 million in cash payable over a three-year period, subject to certain performance milestones, and about 4.7 million Kaltura common shares vesting over a three-year period, according to the company.

The deal is expected to close in Q4, subject to regulatory approvals and other conditions.

ESelf.ai provides AI-powered digital avatars conversant in more than 30 languages, the company said.

Kaltura shares were up nearly 26% in recent premarket activity Tuesday.

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