EY seeks strategic investor for Romanian educational content platform LIVRESQ

Romanian company Ascendia started collaborating with EY Romania to identify and select one or more strategic investors for the international expansion of its new business line - educational content platform LIVRESQ internationally, according to a report submitted to investors.

The desired investment value is over EUR 1 million, and Ascendia will use received funds to promote LIVRESQ on foreign markets.

"We believe that Ascendia is in a very important moment now. Digital education, eLearning, both for large companies and mass public education, has become of strategic interest globally. We are confident that, in a short time, we will find one or more investors according to the profile desired by the company," said Florin Vasilica, Strategies and Transactions Partner, EY Romania.

LIVRESQ is a platform for creating interactive digital educational content. It can be used without programming knowledge, and the resulting packages comply with international eLearning standards.

Since its launch less than a year ago, it has established itself as an effective tool for corporate and mainstream education. It has the largest library of educational resources created by teachers in Romania and the Republic of Moldova, with over 2,400 digital lessons, of which 1,200 are public.

Ascendia is listed on the Bucharest Stock Exchange's alternative trading system AeRO and has a market capitalization of close to EUR 2 mln. The company is controlled by local entrepreneurs Cosmin and Alex Malureanu.

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