Greenworks sold Koolitööde AS, the company managing the eKool platform. The purchaser was Kriit OÜ, a special purpose vehicle combining Estonian private investors. The transaction amount is not disclosed. eKool (Estonian for eSchool) connects teachers, students and parents via an online student information system delivered as an ASP solution. Generating revenue since 2003, eKool has reached 85%+ student penetration in [...]

Greenworks, the angel equity investor, has sold its share in the largest Baltic IT training firm IT Koolituskeskuse OÜ (“IT Protraining Group”) to AS MicroLink Eesti, an Estonian full service IT firm. In this transaction MicroLink acquired in total 83% ownership stake in IT Protraining Group (including subsidiaries IT Protraining Latvia, Protraining Academy UAB (Lithuania) and BiTA Service Management OÜ). The current management will continue as minority shareholders and active managers.