Mergers and Acquisitions

Online Learning Platform, NovoEd Acquired by Boston Private Equity Firm

Boston-based private equity firm Devonshire Investors has acquired NovoEd, a San Francisco-based provider of an online learning platform. Terms of the acquisition deal were not disclosed.

Achieve3000 Acquires Literacy Startup Actively Learn

Stuart Udell has overseen nearly two dozen mergers and acquisitions across his career in the education industry, which spans stints at Penn Foster, Catapult Learning and K12 Inc. Now, just a few months into his current role as CEO at Achieve3000, Udell is already adding another company to the list.

Companies Are Bought, Not Sold: M&A Advice From 3 Edtech CEOs Who Survived the Process

At the start of this decade, the education industry saw hundreds of flowers bloom. Launched from garages and tech accelerators, startup after startup burst onto the scene with technology tools for the education market.The industry has since consolidated, due in part to an uptick in mergers and acquisitions by education companies and private equity firms. Data from investment bank, Berkery Noyes suggest these deals have grown at a steady clip since 2013.

Carnegie Learning Gets a Makeover After Private Equity Investment

Private equity’s pursuit to acquire puzzle pieces to build comprehensive educational technology platforms shows no sign of slowing down.

Korean Publisher Acquires Adaptive Math Program, KnowRe

Math is a hot subject right now—especially in the world of mergers and acquisitions. Last week, DreamBox Learning raised $130 million to grow its online K-8 math software.

After Layoffs, Math Curriculum Developer Reasoning Mind Sells to Weld North Education

This week, two online math instructional developers found themselves in the crosshairs of private equity firms. One of these deals made for splashy headlines: Dreambox Learning’s $130 million investment from The Rise Fund.

AdvancED to Merge With Assessment Maker, Measured Progress to Form $120M Nonprofit

Two national education nonprofits whose school improvement and assessment tools impact millions of students across the country are merging. Today, AdvancED and Measured Progress announced plans to combine their school support and data tools underneath one entity.

Microsoft Buys Video-Discussion Platform Flipgrid

A video-discussion platform originally started by a University of Minnesota professor to keep in touch with students for a course he was teaching has been purchased by tech giant Microsoft.

Acquisition Autopsy: Details—and Questions—Behind MissionU’s $4M Sale to WeWork

Usually, when a hot startup gets acquired by an even hotter one, the industry cheers. But reactions to this month’s announcement that MissonU has been bought by WeWork have been lukewarm, if not entirely absent. Few, if any, of MissionU’s financial backers publicly celebrated the transaction on Twitter or elsewhere.

Chegg Cuts $15 Million Check to Buy AI-Feedback Tool, WriteLab

Reading, writing and AI—that turned out to be the winning combination for startup, WriteLab.Chegg announced today that it bought the Berkeley-based startup for about $15 million in an all-cash transaction. (There’s an additional payment of $5 million to key employees over the next three years, assuming they stay.)

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