By Excelsior Software, Inc.

closed 1/30/2008 via PR Newswire

KUE Digital, Inc., acquired Excelsior Software, Inc.

synopsis: Berkery Noyes,the leading independent investment bank serving the education, information and technology markets, announced Excelsior Software, LLC, a leading provider of classroom assessment management software, has been acquired by KUE Digital Inc., a leading global education company.
buyer: KUE Digital, Inc.
Knowledge Universe Education (KUE) companies provide early childhood education programs, primary-through-secondary curricula, and supplemental educational services at thousands of physical locations, and through top-rated online schools and home schooling environments. "
target: Excelsior Software, Inc.
Excelsior Software is a developer of leading classroom formative/summative collection and reporting management software. Excelsior offers the highest level of responsibility to understand its customers with a focus on innovation, quality, and product intelligence and improving communication.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2018 via Company Press Release

Francisco Partners Management LLC, acquired Renaissance Learning, Inc.

synopsis: Renaissance, a leader in pre-K–12 learning analytics, announced that Francisco Partners, a leading technology-focused global private equity firm, has acquired Renaissance from Hellman & Friedman, a leading private equity investment firm.
buyer: Francisco Partners Management LLC
Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch, Francisco Partners has become one of the most active and longstanding investors in the technology industry. "
target parent: Hellman & Friedman LLC
target: Renaissance Learning, Inc.
Renaissance® is a leader in pre-K-12 learning analytics, enabling educators to drive phenomenal student growth. Renaissance's solutions facilitate the ability to analyze, customize, and plan personalized learning paths for students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2014 via Market Wire

Hellman & Friedman LLC, acquired Renaissance Learning, Inc.

synopsis: Renaissance Learning, a leading provider of online assessments and data-powered teaching and learning solutions, announced that Hellman & Friedman, the San Francisco-based private equity investment firm, has successfully completed its acquisition of Renaissance from the Permira funds.
buyer: Hellman & Friedman LLC
Hellman & Friedman LLC is a leading private equity investment firm that focuses on investing in superior business franchises and serving as a partner to management in select industries including software, internet & digital media, business & marketing services, financial services and healthcare. "
target parent: Permira
target: Renaissance Learning, Inc.
Renaissance Learning is a leader of K12 assessment and learning analytics with a presence in more than a third of U.S. schools and 60 countries around the world. Renaissance Learning enables educators to deliver highly differentiated and timely instruction.
price ($mm)
$1,100
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2013 via PR Newswire

McGraw-Hill Education, acquired Aleks Corporation

synopsis: McGraw-Hill Education, a leading digital learning company, announced that it has signed an agreement to acquire ALEKS Corporation, the privately held developer of the ALEKS adaptive learning technology for the K-12 and higher education markets.
buyer parent: Apollo Global Management
buyer: McGraw-Hill Education
McGraw-Hill Education is a digital learning company that draws on its more than 100 years of educational expertise to offer solutions that improve learning outcomes around the world. "
target: Aleks Corporation
ALEKS Corporation is the leader in the creation of web-based artificially intelligent educational software. ALEKS is founded on a field of ground-breaking research in mathematical cognitive science and applied mathematics known as Knowledge Space Theory.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/1/2012 via Company Press Release

ConnectEDU, Inc., acquired Epsilen Inc.

synopsis: ConnectEDU announced the acquisition of Epsilen – a cloud-based e-portfolio, skills assessment, professional development and social learning management platform.
buyer: ConnectEDU, Inc.
ConnectEDU, Inc. is the web-based leader in empowering learners to manage their education, launch their careers, and secure a more stable financial future. ConnectEDU uses information technology to connect real learners and real data with real colleges, and real career opportunities. "
target parent: The New York Times Company
target: Epsilen Inc.
Serving educators and students in over 600 K-12 and higher education institutions worldwide, Epsilen provides a social learning environment with personalized tools to enhance the teaching and learning experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/19/2011 via PR Newswire

Permira, acquired Renaissance Learning, Inc.

synopsis: Renaissance Learning, Inc., a leading provider of technology-based school improvement and student assessment programs for K-12 schools, announced the successful completion of its acquisition by a company owned by the Permira Funds. Permira is a European private equity firm with global reach.
buyer: Permira
Permira is a European private equity firm with global reach. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. "
target: Renaissance Learning, Inc.
Renaissance Learning, Inc. is a leading provider of technology-based school improvement and student assessment programs for K12 schools. Its tools provide daily formative assessment and periodic progress-monitoring technology to enhance core curriculum.
price ($mm)[EV]
$485 [$476]
rev ($mm)
$136
EBITDA ($mm)
$40
EV / rev
3.5x
EV / EBITDA
12.0x
closed 1/24/2011 via Market Wire

Axiologix Education Corporation, acquired Edumedia Software Solutions Corporation

synopsis: Axiologix Education Corporation, an educational software provider, announced that it has completed the acquisition of E*pad from Edumedia Software Solutions Corporation. Edumedia is an educational software company whose E*pad is a web based, electronic portfolio, and authentic assessment development application for students and educators.
buyer: Axiologix Education Corporation (AXLX:$9,914.00)
Axiologix Education Corporation is an educational software and services provider. The company's software products include eBoard, Curricuplan and Student Tracker. "
target: Edumedia Software Solutions Corporation
Edumedia Software Solutions Corporation is an education based hardware and software provider. Edumedia's E*pad is an innovative, web based, electronic portfolio, and authentic assessment development application for students and educators.
price ($mm)
$1.40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/10/2010 via PR Newswire

Measured Progress, acquired Datawise, Inc.

synopsis: Measured Progress has greatly enhanced its assessment and data management capabilities with the recent acquisition of Datawise, Inc. Datawise provides support for all aspects of assessment automation and data management.
buyer: Measured Progress
Measured Progress is a not-for-profit organization dedicated to student learning and improving instruction in the standards-based classroom. The organization develops state- and district-level assessments and is a provider of alternate assessment for students with cognitive disabilities. "
target: Datawise, Inc.
Datawise is a Redding, California-based company that empowers educators by offering access to meaningful data. Datawise specializes in all aspects of assessment automation and data management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/9/2009 via PR Newswire

Teachscape, acquired Edgenuity

synopsis: Teachscape, the leader in the development and delivery of outcomes-based professional development programs for educators, has acquired Silicon Valley-based Edgenuity, Inc., a software and services company providing analytic solutions to school districts to improve achievement.
buyer: Teachscape
Teachscape is a school effectiveness company, providing a range of solutions that drive increasing levels of student achievement by building the knowledge and skills of instructional leaders and teachers. "
target: Edgenuity
Edgenuity’s mission is to help K-12 districts predictably increase student achievement, while also reducing their total cost of ownership for managing their instructional core – curriculum, instruction and assessment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2008 via PR Newswire

KUE Digital, Inc., acquired Excelsior Software, Inc.

synopsis: Berkery Noyes,the leading independent investment bank serving the education, information and technology markets, announced Excelsior Software, LLC, a leading provider of classroom assessment management software, has been acquired by KUE Digital Inc., a leading global education company.
buyer: KUE Digital, Inc.
Knowledge Universe Education (KUE) companies provide early childhood education programs, primary-through-secondary curricula, and supplemental educational services at thousands of physical locations, and through top-rated online schools and home schooling environments. "
target: Excelsior Software, Inc.
Excelsior Software is a developer of leading classroom formative/summative collection and reporting management software. Excelsior offers the highest level of responsibility to understand its customers with a focus on innovation, quality, and product intelligence and improving communication.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2007 via BNC Analysis

Providence Equity Partners Inc., acquired Study Island

synopsis: Study Island, a provider of web based educational programs for K-12, has been purchased by Providence Equity Partners, Inc. in a cash transaction for $100 million.
buyer: Providence Equity Partners Inc.
Providence Equity Partners Inc. is a private investment firm specializing in equity investments in communications and media companies around the world. The principals of Providence Equity manage funds with approximately $21 billion in equity commitments. "
target: Study Island
Study Island has provides K-12 schools with the most practical and effective web-based learning programs available. All of our products are web-based, state standards-based, and research based. Our in-house writing and editing staff designs and creates our programs.
price ($mm)
$100
rev ($mm)
EBITDA ($mm)
$10
EV / rev
EV / EBITDA
10.0x
announced 4/3/2012 via BNC Analysis

Northwest Evaluation Association (NWEA), will acquire Children's Progress

synopsis: Northwest Evaluation Association announced that it will acquire Children's Progress, Inc., a New York-based adaptive assessment and reporting firm with a focus on pre-K – 3rd grade students.
buyer: Northwest Evaluation Association (NWEA)
Northwest Evaluation Association is a non-profit organization that offers educational consulting services. The company provides computer based assessments, classrooms resources and reporting, consulting, research, and professional training and development services. "
target: Children's Progress
Children’s Progress is an award-winning educational technology company based in New York City. It specializes in the development of engaging computer-adaptive programs for young children that help educators pinpoint how to best challenge and support each child.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/20/2019 via BNC Analysis

Renaissance Learning, Inc., acquired Freckle Education

synopsis: A year of vetting math tool after math tool came to an end with Renaissance announcing its acquisition of Freckle Education, a San Francisco-based company that offers online lessons, exercises and assessments for math, English language arts, social studies and science.
buyer parent: Francisco Partners Management LLC
buyer: Renaissance Learning, Inc.
Renaissance is a global leader in pre-K–12 educational technology, enabling teachers, curriculum creators, and educators to drive phenomenal student growth. Renaissance’s solutions help educators analyze, customize, and plan personalized learning paths for students. "
target: Freckle Education
Freckle Education is a San Francisco-based company that offers online lessons, exercises and assessments for math, English language arts, social studies and science. Freckle currently claims more than 700,000 teachers and 10 million students have used the platform across 75,000 schools.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/16/2018 via GlobeNewswire

Showbie, acquired Socrative

synopsis: Showbie, a classroom workflow app with millions of users around the globe, has acquired Socrative from MasteryConnect. Socrative is a classroom app for fun, effective classroom engagement. No matter where or how instructors teach, Socrative allows teachers to instantly connect with students as learning happens.
buyer: Showbie
Showbie is a classroom workflow app with millions of users around the globe. Founded in 2012, Showbie’s mission is to build tools to help teachers and students everywhere be more productive and creative in the paperless classroom. "
target parent: MasteryConnect
target: Socrative
Socrative is a classroom app for fun, effective classroom engagement. No matter where or how instructors teach, Socrative allows teachers to instantly connect with students as learning happens.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/19/2014 via BusinessWire

MasteryConnect, will acquire Socrative

synopsis: Education technology leader MasteryConnect announced it is acquiring Socrative, a student response system that increases classroom engagement, for $5 million in cash and stock. The deal will add Socrative's real-time classroom assessment functionality to MasteryConnect's existing suite of cloud-based software and apps for learning in K-12 settings.
buyer: MasteryConnect
MasteryConnect is a market leader in curriculum, assessment and mastery learning tools for K-12. MasteryConnect supports teachers via its Mastery Learning Platform, as well as through their numerous apps on all Web-enabled devices. "
target: Socrative
Socrative supports teachers in formatively assessing their students with educational activities on all Web-enabled devices; including tablets, laptops and smartphones.
price ($mm)
$5.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2016 via BusinessWire

Edgenuity, Inc., acquired Compass Learning, Inc.

synopsis: Weld North Holdings LLC, an investment company focused on digital and SaaS education solutions, announced that Edgenuity, a Weld North company and a leader in online and blended learning solutions, has acquired digital education software provider Compass Learning.
buyer parent: Weld North LLC
buyer: Edgenuity, Inc.
Edgenuity provides engaging online education solutions that propel success for every student, empower every teacher to deliver more effective instruction, and enable schools and districts to meet their academic goals. "
target: Compass Learning, Inc.
Compass Learning partners with educators to ensure that students achieve record academic results. Its K-12 learning acceleration software combines a research-driven instructional approach and actionable data with engaging digital content so students have fun while making real progress.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/1/2010 via Company Press Release

Marlin Equity Partners, acquired CompassLearning, Inc.

synopsis: CompassLearning, the award-winning 40-year-old educational software company, was acquired from Reader’s Digest Association by Marlin Equity Partners on January 26, 2010.
buyer: Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Ripplewood Holdings LLC
target: CompassLearning, Inc.
CompassLearning, the leading provider of personalized education technology solutions, has been helping students excel for over 40 years. To help students achieve success, CompassLearning products support differentiated instruction, formative assessment, and response to intervention.
price ($mm)[EV]
$32 [$55]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/4/2009 via BusinessWire

SunGard Public Sector, acquired Performance Pathways

synopsis: SunGard has acquired Performance Pathways, a leading provider of instructional management software for K-12 school districts. Performance Pathways software allows teachers and administrators to access and use curriculum and assessment information to manage instruction and make data-informed decisions to help improve student achievement.
buyer: SunGard Public Sector
SunGard Public Sector provides software and consulting solutions that are designed to meet the specialized needs of city and county governments, public safety and justice agencies, K-12 school districts, not-for-profit organizations, and state and central government. "
target: Performance Pathways
Performance Pathways developed the first and only suite of products to help manage and organize—on a schoolwide basis—vital and timely information about student achievement, including curriculum and assessment data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2011 via Market Wire

Educational Testing Service, acquired Computerized Assessments and Learning LLC

synopsis: Educational Testing Service (ETS) has purchased Computerized Assessments and Learning (CAL), LLC, an industry-leading computerized assessment company based in Lawrence, Kansas. CAL's adaptive testing platform provides products and services to support instructional and learning processes for K-12 education systems.
buyer: Educational Testing Service
Educational Testing Service (ETS) is a nonprofit organization that focuses on advancing quality and equity in education for people worldwide by creating assessments based on rigorous research. "
target: Computerized Assessments and Learning LLC
Computerized Assessments and Learning (CAL), LLC is an industry-leading computerized assessment company based in Lawrence, Kansas. CAL's adaptive testing platform provides products and services to support instructional and learning processes for K-12 education systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/11/2019 via BusinessWire

Riverside Insights, acquired ESGI, LLC

synopsis: Riverside Insights, a portfolio company of Alpine Investors, has acquired ESGI, a leading SaaS platform for administering, creating, tracking, and reporting teacher-led assessments of early childhood students. ESGI was founded with the mission to help teachers and administrators overcome the unique challenges of early childhood education.
buyer parent: Alpine Investors, LP
buyer: Riverside Insights
Riverside is a provider of educational and clinical assessments that play a key role in helping individuals elevate their learning potential by providing accurate and reliable data. Riverside is comprised of several iconic, leading brands such as Woodcock-Johnson, the Iowa Assessments, and CogAT. "
target: ESGI, LLC
ESGI ("Educational Software for Guiding Instruction") is an industry-leading platform for conducting 1-on-1 assessments that guide instruction for early childhood students. ESGI assessments empower teachers with real-time student data in easy-to-read reports, graphs, parent letters, and flashcards.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/14/2006 via BusinessWire

Harcourt Assessment, Inc., acquired Edformation, Inc.

synopsis: Leading test publisher Harcourt Assessment, Inc., announced that it has acquired Edformation, Inc., a privately held company offering its AIMSweb product to education customers. AIMSweb is a research-based screening and progress monitoring tool for use by special education teachers, curriculum specialists and school psychologists.
buyer parent: Reed Elsevier plc
buyer: Harcourt Assessment, Inc.
Harcourt Assessment, Inc. is a provider of high-quality assessment instruments and testing programs published under two brand names –– Harcourt Assessment and PsychCorp™. "
target: Edformation, Inc.
Edformation, Inc. creates Standard Assessment probes, formative assessment materials and online monitoring and reporting software for use in K-12, Special Education, Adult Learning, Community Education, home school, charter schools, correctional facilities and other educational settings.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/20/2018 via Company Press Release

Francisco Partners Management LLC, acquired Renaissance Learning, Inc.

synopsis: Renaissance, a leader in pre-K–12 learning analytics, announced that Francisco Partners, a leading technology-focused global private equity firm, has acquired Renaissance from Hellman & Friedman, a leading private equity investment firm.
buyer: Francisco Partners Management LLC
Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch, Francisco Partners has become one of the most active and longstanding investors in the technology industry. "
target parent: Hellman & Friedman LLC
target: Renaissance Learning, Inc.
Renaissance® is a leader in pre-K-12 learning analytics, enabling educators to drive phenomenal student growth. Renaissance's solutions facilitate the ability to analyze, customize, and plan personalized learning paths for students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2014 via Market Wire

Hellman & Friedman LLC, acquired Renaissance Learning, Inc.

synopsis: Renaissance Learning, a leading provider of online assessments and data-powered teaching and learning solutions, announced that Hellman & Friedman, the San Francisco-based private equity investment firm, has successfully completed its acquisition of Renaissance from the Permira funds.
buyer: Hellman & Friedman LLC
Hellman & Friedman LLC is a leading private equity investment firm that focuses on investing in superior business franchises and serving as a partner to management in select industries including software, internet & digital media, business & marketing services, financial services and healthcare. "
target parent: Permira
target: Renaissance Learning, Inc.
Renaissance Learning is a leader of K12 assessment and learning analytics with a presence in more than a third of U.S. schools and 60 countries around the world. Renaissance Learning enables educators to deliver highly differentiated and timely instruction.
price ($mm)
$1,100
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2013 via PR Newswire

McGraw-Hill Education, acquired Aleks Corporation

synopsis: McGraw-Hill Education, a leading digital learning company, announced that it has signed an agreement to acquire ALEKS Corporation, the privately held developer of the ALEKS adaptive learning technology for the K-12 and higher education markets.
buyer parent: Apollo Global Management
buyer: McGraw-Hill Education
McGraw-Hill Education is a digital learning company that draws on its more than 100 years of educational expertise to offer solutions that improve learning outcomes around the world. "
target: Aleks Corporation
ALEKS Corporation is the leader in the creation of web-based artificially intelligent educational software. ALEKS is founded on a field of ground-breaking research in mathematical cognitive science and applied mathematics known as Knowledge Space Theory.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/1/2012 via Company Press Release

ConnectEDU, Inc., acquired Epsilen Inc.

synopsis: ConnectEDU announced the acquisition of Epsilen – a cloud-based e-portfolio, skills assessment, professional development and social learning management platform.
buyer: ConnectEDU, Inc.
ConnectEDU, Inc. is the web-based leader in empowering learners to manage their education, launch their careers, and secure a more stable financial future. ConnectEDU uses information technology to connect real learners and real data with real colleges, and real career opportunities. "
target parent: The New York Times Company
target: Epsilen Inc.
Serving educators and students in over 600 K-12 and higher education institutions worldwide, Epsilen provides a social learning environment with personalized tools to enhance the teaching and learning experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/19/2011 via PR Newswire

Permira, acquired Renaissance Learning, Inc.

synopsis: Renaissance Learning, Inc., a leading provider of technology-based school improvement and student assessment programs for K-12 schools, announced the successful completion of its acquisition by a company owned by the Permira Funds. Permira is a European private equity firm with global reach.
buyer: Permira
Permira is a European private equity firm with global reach. The Permira funds, raised from pension funds and other institutions, make long-term investments in companies with the ambition of transforming their performance and driving sustainable growth. "
target: Renaissance Learning, Inc.
Renaissance Learning, Inc. is a leading provider of technology-based school improvement and student assessment programs for K12 schools. Its tools provide daily formative assessment and periodic progress-monitoring technology to enhance core curriculum.
price ($mm)[EV]
$485 [$476]
rev ($mm)
$136
EBITDA ($mm)
$40
EV / rev
3.5x
EV / EBITDA
12.0x
closed 1/24/2011 via Market Wire

Axiologix Education Corporation, acquired Edumedia Software Solutions Corporation

synopsis: Axiologix Education Corporation, an educational software provider, announced that it has completed the acquisition of E*pad from Edumedia Software Solutions Corporation. Edumedia is an educational software company whose E*pad is a web based, electronic portfolio, and authentic assessment development application for students and educators.
buyer: Axiologix Education Corporation (AXLX:$9,914.00)
Axiologix Education Corporation is an educational software and services provider. The company's software products include eBoard, Curricuplan and Student Tracker. "
target: Edumedia Software Solutions Corporation
Edumedia Software Solutions Corporation is an education based hardware and software provider. Edumedia's E*pad is an innovative, web based, electronic portfolio, and authentic assessment development application for students and educators.
price ($mm)
$1.40
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/10/2010 via PR Newswire

Measured Progress, acquired Datawise, Inc.

synopsis: Measured Progress has greatly enhanced its assessment and data management capabilities with the recent acquisition of Datawise, Inc. Datawise provides support for all aspects of assessment automation and data management.
buyer: Measured Progress
Measured Progress is a not-for-profit organization dedicated to student learning and improving instruction in the standards-based classroom. The organization develops state- and district-level assessments and is a provider of alternate assessment for students with cognitive disabilities. "
target: Datawise, Inc.
Datawise is a Redding, California-based company that empowers educators by offering access to meaningful data. Datawise specializes in all aspects of assessment automation and data management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/9/2009 via PR Newswire

Teachscape, acquired Edgenuity

synopsis: Teachscape, the leader in the development and delivery of outcomes-based professional development programs for educators, has acquired Silicon Valley-based Edgenuity, Inc., a software and services company providing analytic solutions to school districts to improve achievement.
buyer: Teachscape
Teachscape is a school effectiveness company, providing a range of solutions that drive increasing levels of student achievement by building the knowledge and skills of instructional leaders and teachers. "
target: Edgenuity
Edgenuity’s mission is to help K-12 districts predictably increase student achievement, while also reducing their total cost of ownership for managing their instructional core – curriculum, instruction and assessment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/30/2008 via PR Newswire

KUE Digital, Inc., acquired Excelsior Software, Inc.

synopsis: Berkery Noyes,the leading independent investment bank serving the education, information and technology markets, announced Excelsior Software, LLC, a leading provider of classroom assessment management software, has been acquired by KUE Digital Inc., a leading global education company.
buyer: KUE Digital, Inc.
Knowledge Universe Education (KUE) companies provide early childhood education programs, primary-through-secondary curricula, and supplemental educational services at thousands of physical locations, and through top-rated online schools and home schooling environments. "
target: Excelsior Software, Inc.
Excelsior Software is a developer of leading classroom formative/summative collection and reporting management software. Excelsior offers the highest level of responsibility to understand its customers with a focus on innovation, quality, and product intelligence and improving communication.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2007 via BNC Analysis

Providence Equity Partners Inc., acquired Study Island

synopsis: Study Island, a provider of web based educational programs for K-12, has been purchased by Providence Equity Partners, Inc. in a cash transaction for $100 million.
buyer: Providence Equity Partners Inc.
Providence Equity Partners Inc. is a private investment firm specializing in equity investments in communications and media companies around the world. The principals of Providence Equity manage funds with approximately $21 billion in equity commitments. "
target: Study Island
Study Island has provides K-12 schools with the most practical and effective web-based learning programs available. All of our products are web-based, state standards-based, and research based. Our in-house writing and editing staff designs and creates our programs.
price ($mm)
$100
rev ($mm)
EBITDA ($mm)
$10
EV / rev
EV / EBITDA
10.0x
announced 4/3/2012 via BNC Analysis

Northwest Evaluation Association (NWEA), will acquire Children's Progress

synopsis: Northwest Evaluation Association announced that it will acquire Children's Progress, Inc., a New York-based adaptive assessment and reporting firm with a focus on pre-K – 3rd grade students.
buyer: Northwest Evaluation Association (NWEA)
Northwest Evaluation Association is a non-profit organization that offers educational consulting services. The company provides computer based assessments, classrooms resources and reporting, consulting, research, and professional training and development services. "
target: Children's Progress
Children’s Progress is an award-winning educational technology company based in New York City. It specializes in the development of engaging computer-adaptive programs for young children that help educators pinpoint how to best challenge and support each child.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/20/2019 via BNC Analysis

Renaissance Learning, Inc., acquired Freckle Education

synopsis: A year of vetting math tool after math tool came to an end with Renaissance announcing its acquisition of Freckle Education, a San Francisco-based company that offers online lessons, exercises and assessments for math, English language arts, social studies and science.
buyer parent: Francisco Partners Management LLC
buyer: Renaissance Learning, Inc.
Renaissance is a global leader in pre-K–12 educational technology, enabling teachers, curriculum creators, and educators to drive phenomenal student growth. Renaissance’s solutions help educators analyze, customize, and plan personalized learning paths for students. "
target: Freckle Education
Freckle Education is a San Francisco-based company that offers online lessons, exercises and assessments for math, English language arts, social studies and science. Freckle currently claims more than 700,000 teachers and 10 million students have used the platform across 75,000 schools.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/16/2018 via GlobeNewswire

Showbie, acquired Socrative

synopsis: Showbie, a classroom workflow app with millions of users around the globe, has acquired Socrative from MasteryConnect. Socrative is a classroom app for fun, effective classroom engagement. No matter where or how instructors teach, Socrative allows teachers to instantly connect with students as learning happens.
buyer: Showbie
Showbie is a classroom workflow app with millions of users around the globe. Founded in 2012, Showbie’s mission is to build tools to help teachers and students everywhere be more productive and creative in the paperless classroom. "
target parent: MasteryConnect
target: Socrative
Socrative is a classroom app for fun, effective classroom engagement. No matter where or how instructors teach, Socrative allows teachers to instantly connect with students as learning happens.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/19/2014 via BusinessWire

MasteryConnect, will acquire Socrative

synopsis: Education technology leader MasteryConnect announced it is acquiring Socrative, a student response system that increases classroom engagement, for $5 million in cash and stock. The deal will add Socrative's real-time classroom assessment functionality to MasteryConnect's existing suite of cloud-based software and apps for learning in K-12 settings.
buyer: MasteryConnect
MasteryConnect is a market leader in curriculum, assessment and mastery learning tools for K-12. MasteryConnect supports teachers via its Mastery Learning Platform, as well as through their numerous apps on all Web-enabled devices. "
target: Socrative
Socrative supports teachers in formatively assessing their students with educational activities on all Web-enabled devices; including tablets, laptops and smartphones.
price ($mm)
$5.00
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2016 via BusinessWire

Edgenuity, Inc., acquired Compass Learning, Inc.

synopsis: Weld North Holdings LLC, an investment company focused on digital and SaaS education solutions, announced that Edgenuity, a Weld North company and a leader in online and blended learning solutions, has acquired digital education software provider Compass Learning.
buyer parent: Weld North LLC
buyer: Edgenuity, Inc.
Edgenuity provides engaging online education solutions that propel success for every student, empower every teacher to deliver more effective instruction, and enable schools and districts to meet their academic goals. "
target: Compass Learning, Inc.
Compass Learning partners with educators to ensure that students achieve record academic results. Its K-12 learning acceleration software combines a research-driven instructional approach and actionable data with engaging digital content so students have fun while making real progress.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/1/2010 via Company Press Release

Marlin Equity Partners, acquired CompassLearning, Inc.

synopsis: CompassLearning, the award-winning 40-year-old educational software company, was acquired from Reader’s Digest Association by Marlin Equity Partners on January 26, 2010.
buyer: Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based private investment firm focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target parent: Ripplewood Holdings LLC
target: CompassLearning, Inc.
CompassLearning, the leading provider of personalized education technology solutions, has been helping students excel for over 40 years. To help students achieve success, CompassLearning products support differentiated instruction, formative assessment, and response to intervention.
price ($mm)[EV]
$32 [$55]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/4/2009 via BusinessWire

SunGard Public Sector, acquired Performance Pathways

synopsis: SunGard has acquired Performance Pathways, a leading provider of instructional management software for K-12 school districts. Performance Pathways software allows teachers and administrators to access and use curriculum and assessment information to manage instruction and make data-informed decisions to help improve student achievement.
buyer: SunGard Public Sector
SunGard Public Sector provides software and consulting solutions that are designed to meet the specialized needs of city and county governments, public safety and justice agencies, K-12 school districts, not-for-profit organizations, and state and central government. "
target: Performance Pathways
Performance Pathways developed the first and only suite of products to help manage and organize—on a schoolwide basis—vital and timely information about student achievement, including curriculum and assessment data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/10/2011 via Market Wire

Educational Testing Service, acquired Computerized Assessments and Learning LLC

synopsis: Educational Testing Service (ETS) has purchased Computerized Assessments and Learning (CAL), LLC, an industry-leading computerized assessment company based in Lawrence, Kansas. CAL's adaptive testing platform provides products and services to support instructional and learning processes for K-12 education systems.
buyer: Educational Testing Service
Educational Testing Service (ETS) is a nonprofit organization that focuses on advancing quality and equity in education for people worldwide by creating assessments based on rigorous research. "
target: Computerized Assessments and Learning LLC
Computerized Assessments and Learning (CAL), LLC is an industry-leading computerized assessment company based in Lawrence, Kansas. CAL's adaptive testing platform provides products and services to support instructional and learning processes for K-12 education systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/11/2019 via BusinessWire

Riverside Insights, acquired ESGI, LLC

synopsis: Riverside Insights, a portfolio company of Alpine Investors, has acquired ESGI, a leading SaaS platform for administering, creating, tracking, and reporting teacher-led assessments of early childhood students. ESGI was founded with the mission to help teachers and administrators overcome the unique challenges of early childhood education.
buyer parent: Alpine Investors, LP
buyer: Riverside Insights
Riverside is a provider of educational and clinical assessments that play a key role in helping individuals elevate their learning potential by providing accurate and reliable data. Riverside is comprised of several iconic, leading brands such as Woodcock-Johnson, the Iowa Assessments, and CogAT. "
target: ESGI, LLC
ESGI ("Educational Software for Guiding Instruction") is an industry-leading platform for conducting 1-on-1 assessments that guide instruction for early childhood students. ESGI assessments empower teachers with real-time student data in easy-to-read reports, graphs, parent letters, and flashcards.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/14/2006 via BusinessWire

Harcourt Assessment, Inc., acquired Edformation, Inc.

synopsis: Leading test publisher Harcourt Assessment, Inc., announced that it has acquired Edformation, Inc., a privately held company offering its AIMSweb product to education customers. AIMSweb is a research-based screening and progress monitoring tool for use by special education teachers, curriculum specialists and school psychologists.
buyer parent: Reed Elsevier plc
buyer: Harcourt Assessment, Inc.
Harcourt Assessment, Inc. is a provider of high-quality assessment instruments and testing programs published under two brand names –– Harcourt Assessment and PsychCorp™. "
target: Edformation, Inc.
Edformation, Inc. creates Standard Assessment probes, formative assessment materials and online monitoring and reporting software for use in K-12, Special Education, Adult Learning, Community Education, home school, charter schools, correctional facilities and other educational settings.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

By Excelsior Software, Inc.


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