EduFocal CEO Gordon Swaby
Education technology company EduFocal says it could raise additional capital in the near term.
The recently listed company says it is eyeing a major acquisition as part of its overall realignment strategy.
CEO Gordon Swaby said the acquisition is "still very much in its early stages" but his team hopes to close the deal "in the near future".
"It could possibly be a mixture of debt and equity, it could be straight equity, it could be straight debt, but we're not ruling anything out," he said.
Mr. Swaby said EduFocal is also focused on providing service to different segments including K12 education, health education and will also launch EduFocal Engage, which will deal with software-as-a-service (SaaS) content for corporations.
EduFocal announced this week that it got a $200 million loan from Mayberry.
The funds will be used for refinancing debt and expansion.
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