SINGAPORE, 14 August 2023
Kydon Group, a leading digital learning technology company headquartered in Singapore offering advanced learning technology solutions and custom digital learning content, today announced its reacquisition of Zionext.
Zionext is a digital learning solutions company offering learning consultancy & design, learning platforms, learning media development, learning systems integration, custom application development and managed services. It also provides one-stop end-to-end solutions for organisation learning transformation.
In January 2021, Kydon Learning Systems Institute Pte Ltd (KLSI), a 100% subsidiary of Kydon Holdings Pte Ltd (Kydon) was acquired by SGX Catalist-listed Alpha DX Group Pte Ltd (ADX); and was subsequently renamed Zionext Pte Ltd (Zionext).
In a recent move, Kydon Group was provided with an opportunity to reacquire Zionext from ADX. After assessing Zionext’s business remained healthy with a stable of ongoing and robust corporate and government projects, the Kydon Group board unanimously approved the reacquisition of Zionext as a 100% subsidiary of the Kydon Group.
When the reacquisition is completed, the Zionext brand name will revert to its original name i.e., Kydon Learning Systems (KLS), and will be led by a new management, talent, and technology for its proprietary Learning Management System. KLS will also comprise the professional services arm of Kydon Group that serves business-to-business clientele pertaining to their digital learning transformation needs.
David Yeo, Chairman and CEO, Kydon Group, said, “We are excited with the successful and smooth re-acquisition of Zionext back to the fold of Kydon Group. This strategic decision not only affirms our commitment to growth and innovation but also strengthens our position as a market leader in the learning industry. As we integrate this business arm back into our portfolio, we are poised to capitalise on the synergies that exist between our various businesses. The shared expertise, experience, and renewed focus will unlock new opportunities for growth.”
