NORWAY - VC-backed Edvantage group merges with Zenaria

E-learning provider Edvantage group, backed by Northzone Ventures and Alliance Venture, has agreed to merge with Zenaria. The merger strengthens Edvantage group's position as a provider of e-learning technology, content and services and will allow the company to better serve customers in Denmark. Following the deal, Edvantage group will have combined revenues of DKK 65m and a total of 55 employees.