Mergers and Acquisitions

MyON Turns Another New Page With a New Owner: Renaissance Learning

Just a year after it was purchased by a private equity firm, myON is swapping hands again.The latest owner of the digital K-12 literacy platform is Renaissance Learning, a provider of math, literacy and assessment products. Financial terms of the acquisition were not disclosed.

Discovery Education to Find a New Owner in SF Private Equity Firm

Discovery Education, a large provider of print and digital textbooks and curriculum, is taking a big step away from its parent company Discovery Communications, best known for its broadcast TV channels. San Francisco-based private equity firm Francisco Partners has agreed to acquire a majority stake in the education business in a deal worth $120 million.

After Layoffs and Acquisition, LightSail Education Charts a New, Uncertain Course

As LightSail Education charts a new course, the New York City-based developer of K-12 literacy software has had to make some difficult, unpleasant decisions over the holidays, EdSurge has learned.

Game-based Math Program, Sokikom Acquired by China’s NetDragon Websoft

ENTER THE DRAGON: Sokikom, an online game-based math program, has been acquired by Jumpstart World. The deal was announced in a post by Sokikom’s founder and CEO, Snehal Patel.

Silver Lake Acquires Majority Stake in Weld North’s Digital Curriculum Business

For more than two decades, Jonathan Grayer has made a career out of welding educational companies. The former Kaplan executive, who served as its CEO from 1994 to 2008, oversaw 67 acquisitions that turned the test-prep business into a global education services provider. In 2010, he pooled his own money with KKR, a private equity firm, to launch Weld North, which has since acquired another 16 edtech companies (and invested in 4 others).

Illuminate Education Acquires Homegrown Data Visualization Tool, eduCLIMBER

What began as a husband-and-wife skunkworks project in rural Wisconsin four years ago has now become absorbed into an education data company that boasts millions of users across 44 states.In 2013, systems engineer Matt Harris wrote a program to help his wife, a school psychologist, collect and analyze data to help her students. From there the tool spread via word of mouth, and within six months the pet project became a company, eduCLIMBER, where Matt was CEO.

Learning Games Startup, Motion Math Moves to a New Home: Curriculum Associates

In its 48-year history, Curriculum Associates has acquired only one company. That count will now double, thanks to the addition of a small team that has navigated the twists and turns in the educational gaming market over the past seven years.The North Billerica, Mass.-based developer of instructional and assessment materials has acquired San Francisco startup Motion Math, which offers a suite of nine educational games focused on math and problem-solving.

Hero K12 Mints Its First Acquisition: School Enrollment Startup, SchoolMint

Private equity firms can be ruthlessly quick and efficient in their quest to maximize profitability. So it’s no surprise that Hero K12, which recently received $150 million from BV Investment Partners with explicit marching orders to buy assets, has started splurging.

Carnegie Learning Bets Big on Coding With Acquisition of Globaloria

It’s a pairing as natural as letters and numbers, math and coding, the founders of Carnegie Learning and Globaloria would say.Today, Carnegie Learning announced that it has acquired Globaloria, a New York-based provider of computer science curriculum and professional development for K-12 schools and districts. Terms of the deal were not disclosed.

Thoma Bravo’s Acquisition of Frontline Education Creates Edtech’s Newest Unicorn

Frontline Education is swapping one private equity owner for a bigger one. Today the Malvern, Penn.-based education company announced it will be acquired by Thoma Bravo, a major private equity firm with offices in San Francisco and Chicago. Terms of the deal were not disclosed, but Frontline CEO Tim Clifford tells EdSurge in an interview that “the company is valued in the unicorn range, well north of a billion dollars.”

Syndicate content