By eInstruction Corporation

closed 8/7/2013 via PR Newswire

Turning Technologies, LLC, acquired eInstruction Corporation

synopsis: Turning Technologies, a company that creates leading assessment delivery and data collection solutions for learning environments, has acquired eInstruction. eInstruction develops educational technology, including classroom instruction systems, student response systems, interactive whiteboards and assessment software.
buyer parent: Brockway Moran & Partners Inc.
buyer: Turning Technologies, LLC
Turning Technologies, LLC develops interactive response systems utilizing the latest software and hardware tools available and transforms them into state of the art applications for audience response. "
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2012 via PR Web

eInstruction Corporation, acquired EduClick SL

synopsis: eInstruction Corporation, a global education software and technology company, has acquired the assets of EduClick, a producer of flexible student response system (SRS) software headquartered in Valencia, Spain.
buyer parent: Leeds Equity Partners
buyer: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share. "
target: EduClick SL
EduClick s.l. produces information technology tools for summative and formative assessment from the learning platforms; teaching tools for interaction in classroom with a range of learning contents; and data consolidation products from multiple platforms and multidimensional analysis.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/7/2008 via

eInstruction Corporation, acquired InterWrite Learning

synopsis: Interwrite Learning, a leading developer of mobile teacher slates, interactive white boards and student response systems, has entered into a definitive agreement to sell the Company to eInstruction Corporation, a portfolio company of Leeds Equity Partners, LLC. The terms of the transaction were not disclosed.
buyer parent: Leeds Equity Partners
buyer: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share. "
target parent: GTCO CalComp, Inc.
target: InterWrite Learning
Interwrite Learning is a premier global provider of interactive learning solutions for primary, secondary and higher education markets. Interwrite Software is a robust software package that includes thousands of images and resources to create interactive learning environments.
price ($mm)
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EBITDA ($mm)
EV / rev
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closed 7/2/2007 via BNC Analysis

Leeds Equity Partners, acquired eInstruction Corporation

synopsis: Berkery, Noyes & Co., LLC, the leading independent investment bank serving the information and technology markets, announces that it represented Leeds Equity Partners, LLC, which has signed a definitive agreement to acquire 100 percent of eInstruction Corporation (eInstruction), a portfolio company of Chicago Growth Partners.
buyer: Leeds Equity Partners
Leeds Equity Partners, LLC, the New York-based private equity firm, manages the largest private equity fund in the United States focused on investments in the education, training and related business services and information industries ("Knowledge Industries"). "
target parent: Chicago Growth Partners
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2006 via BusinessWire

eInstruction Corporation, acquired FSCreations, Inc.

synopsis: Chicago Growth Partners is pleased to announce that its portfolio company, eInstruction Corporation, the leading worldwide provider of interactive response systems to K-12, higher education, corporate and military classrooms, has acquired FSCreations, Inc. Chicago Growth Partners led the equity support for the acquisition.
buyer parent: Leeds Equity Partners
buyer: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share. "
target: FSCreations, Inc.
FSCreations is a provider of educational software that assists teachers in test preparation and administration, lesson planning and student performance assessment. Its core product, ExamView, is a test generator and assessment platform containing questions prepared directly by textbook publishers.
price ($mm)
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EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/15/2005 via Company Description

Chicago Growth Partners, acquired eInstruction Corporation

synopsis: eInstruction Corporation was acquired by a group of investors led by Chicago Growth Partners that also included the Private Equity Group of Goldman Sachs Asset Management, PPM America Capital Partners, CapitalSource and management. MHT acted as the exclusive advisor to eInstruction.
buyer: Chicago Growth Partners
Chicago Growth Partners focuses on lower middle market growth companies in Business and Consumer Services, Healthcare, Industrial Growth and Information Technology. We’ve focused on these industries for over 21 years, with a combined 100+ years of experience in these four areas. "
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2015 via BNC Analysis

Quadrant 4 Systems Corporation, acquired Brainchild, Inc.

synopsis: Quadrant 4 Systems Corporation formally completed the acquistion of Brainchild, Inc. Brainchild creates and develops tools to engage all students. Brainchild specializes in handheld tutors and software for state test preparation.
buyer: Quadrant 4 Systems Corporation (QFOR:$54.82)
Quadrant 4 is a Vertical Cloud Platform company offering state-of-the-art PaaS solutions in Healthcare, Media and Retail. Their highly scalable vertical cloud platforms coupled with their Global Professional Services organization provides clients with a competitive advantage in the marketplace. "
target: Brainchild, Inc.
Brainchild has established a strong track record of helping thousands of schools make AYP and win awards for dramatic increases in scores on state tests. Brainchild makes tools to engage all students. Struggling students have a variety of learning styles and disabilities.
price ($mm)
$1.62
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/7/2013 via PR Newswire

Turning Technologies, LLC, acquired eInstruction Corporation

synopsis: Turning Technologies, a company that creates leading assessment delivery and data collection solutions for learning environments, has acquired eInstruction. eInstruction develops educational technology, including classroom instruction systems, student response systems, interactive whiteboards and assessment software.
buyer parent: Brockway Moran & Partners Inc.
buyer: Turning Technologies, LLC
Turning Technologies, LLC develops interactive response systems utilizing the latest software and hardware tools available and transforms them into state of the art applications for audience response. "
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($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 7/2/2007 via BNC Analysis

Leeds Equity Partners, acquired eInstruction Corporation

synopsis: Berkery, Noyes & Co., LLC, the leading independent investment bank serving the information and technology markets, announces that it represented Leeds Equity Partners, LLC, which has signed a definitive agreement to acquire 100 percent of eInstruction Corporation (eInstruction), a portfolio company of Chicago Growth Partners.
buyer: Leeds Equity Partners
Leeds Equity Partners, LLC, the New York-based private equity firm, manages the largest private equity fund in the United States focused on investments in the education, training and related business services and information industries ("Knowledge Industries"). "
target parent: Chicago Growth Partners
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/15/2005 via Company Description

Chicago Growth Partners, acquired eInstruction Corporation

synopsis: eInstruction Corporation was acquired by a group of investors led by Chicago Growth Partners that also included the Private Equity Group of Goldman Sachs Asset Management, PPM America Capital Partners, CapitalSource and management. MHT acted as the exclusive advisor to eInstruction.
buyer: Chicago Growth Partners
Chicago Growth Partners focuses on lower middle market growth companies in Business and Consumer Services, Healthcare, Industrial Growth and Information Technology. We’ve focused on these industries for over 21 years, with a combined 100+ years of experience in these four areas. "
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/22/2013 via PR Web

Pearson Education, acquired Learning Catalytics LLC

synopsis: Pearson, the world’s leading learning company, announced that it has acquired Learning Catalytics™, an advanced, cloud-based learning analytics and assessment system developed by Eric Mazur, Brian Lukoff, and Gary King of Harvard University.
buyer parent: Pearson plc
buyer: Pearson Education
Pearson, the global leader in education services, education technology and school solutions, provides innovative print and digital education materials for preK through college, student information systems and learning management systems and teacher professional development. "
target: Learning Catalytics LLC
Learning Catalytics is a cloud-based learning analytics and assessment system. It allows faculty to obtain real-time responses to open-ended or critical thinking questions, determine which areas need more explanation, and then automatically group students for further discussion and problem solving.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2012 via PR Web

eInstruction Corporation, acquired EduClick SL

synopsis: eInstruction Corporation, a global education software and technology company, has acquired the assets of EduClick, a producer of flexible student response system (SRS) software headquartered in Valencia, Spain.
buyer parent: Leeds Equity Partners
buyer: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share. "
target: EduClick SL
EduClick s.l. produces information technology tools for summative and formative assessment from the learning platforms; teaching tools for interaction in classroom with a range of learning contents; and data consolidation products from multiple platforms and multidimensional analysis.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/4/2019 via GlobeNewswire

Transom Capital Group, acquired Scantron Corporation

synopsis: Transom Capital Group, an operations-focused middle-market private equity firm, has acquired Scantron Corporation, a global technology and services driven company whose experts provide comprehensive assessment and technology solutions. Scantron is a widely recognized brand world-wide with a history in delivering quality, accuracy, and reliability.
buyer: Transom Capital Group
Transom is an operations-focused private equity firm in the middle market with more than $500M in assets under management. The firm's methodology and industry expertise create improved operational efficiency, significant top-line growth, and distinctive outcomes. "
target parent: MacAndrews & Forbes Holdings Inc.
target: Scantron Corporation
Scantron Corporation is a global, diversified company that empowers growth through intelligent, mission-critical assessment, technology, and data capture solutions for business, education, certification, and government clients around the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/30/2018 via BusinessWire

ECS Learning Systems, Inc., acquired PrepWorks

synopsis: Asteria Education, Inc., DBA ECS Learning Systems, the leading Integrated Standards Prep™ company and developer of STAAR MASTER, announced the acquisition of Miami-based PREPWORKS, a globally recognized leader in education technology and competency-based learning.
buyer parent: Asteria Education, Inc.
buyer: ECS Learning Systems, Inc.
Founded in 1982 in San Antonio, Texas, ECS Learning Systems is the Integrated Standards Prep™ company publishing STAAR MASTER®, TestSMART® and Novel Units®. From the beginning, their company mission has been to create quality, innovative K-12 resources that make teaching easier. "
target: PrepWorks
PREPWORKS is a globally recognized leader in education technology and competency-based learning. With a combination of intelligent software, courseware, and reporting, Prepworks is disrupting student achievement in secondary school and higher education to promote college and career readiness.
price ($mm)
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EBITDA ($mm)
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EV / EBITDA
closed 11/5/2012 via BusinessWire

John Wiley & Sons, Inc., acquired CPAexcel

synopsis: John Wiley & Sons, Inc., a global provider of content and workflow solutions supporting research; professional development; and education, announced that it has acquired Efficient Learning Systems (ELS), Inc, an e-learning system provider in areas like professional finance and accounting.
buyer: John Wiley & Sons, Inc. (NYSE:JW.A:$1,848.05)
John Wiley & Sons is a global publisher. Wiley and its acquired companies have published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Physics, Chemistry and Peace. "
target: CPAexcel
Efficient Learning Systems, Inc. is a leader in computer-based exam review for students. As producers of CPAexcel CPA Exam Review, it produces online test preparation platforms that enrich the learning experience through the use of a unique presentation system.
price ($mm)
$24
rev ($mm)
$7
EBITDA ($mm)
EV / rev
3.4x
EV / EBITDA
cancelled 6/26/2006 via Company Press Release

Facts On File News Service, cancelled an acquisition of Bridges Transitions, Inc.

synopsis: Bridges Transitions Inc. has received notification from Facts on File, Inc. that it is withdrawing its previously announced, unsolicited, non-binding, proposal to acquire all of the issued and outstanding shares of Bridges. As a consequence, Bridges has ceased all discussions with Facts on File, Inc.
buyer parent: Veronis Suhler Stevenson
buyer: Facts On File News Service
Facts On File is recognized as one of the leading print and electronic publishers of general reference materials for the school and library markets. Its product formats include single and multi-volume books, online databases, loose-leaf binders and CD-ROMs. "
target: Bridges Transitions, Inc.
Bridges Transitions Inc. develops, markets and delivers comprehensive products and services that address a wide range of education needs. Our education and career planning products, online test preparation courses and professional development training services are used by schools.
price ($mm)
rev ($mm)
$12
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/27/2017 via BNC Analysis

NeoStencil, acquired TestCafe

synopsis: NeoStencil India Pvt. Ltd, which runs an online IAS coaching platform, has acquired analytics-based testing portal TestCafe. Noida-based TestCafe, which caters to those preparing for MBA entrances, tracks and analyses students’ performance and generates actionable recommendations.
buyer: NeoStencil
NeoStencil India Pvt. Ltd runs an online IAS (Indian Administrative Service) coaching platform. NeoStencil provides live as well as recorded classes, test series and study material for civil services exams. "
target: TestCafe
Noida-based TestCafe, which caters to those preparing for MBA entrances, tracks and analyses students’ performance and generates actionable recommendations. The company was founded in 2016 by Anish Passi, an IIM Ahmedabad alumnus.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/21/2020 via BusinessWire

UWorld, acquired Themis Bar Review

synopsis: UWorld, a company trusted by more than 2 million students for high-stakes online learning tools, has acquired Themis Bar Review, a leading provider of online bar review courses that have helped nearly one hundred thousand law students prepare for the bar exam.
buyer: UWorld
UWorld is the worldwide leader in online learning to prepare for high-stakes exams. Whether students are preparing for the ACT, SAT, MCAT, NCLEX, USMLE, ABIM, or ABFM, UWorld ensures success by using active learning methods. "
target: Themis Bar Review
Themis Bar Review is a leading provider of online bar review courses that have helped nearly one hundred thousand law students prepare for the bar exam. Themis Bar Review is the first fully online bar review and the only bar prep company to publish its students’ bar exam pass rates.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2020 via BusinessWire

UWorld, acquired Rxprep, Inc

synopsis: UWorld, the worldwide leader in online learning to prepare for high-stakes exams, has acquired RxPrep, a leading provider of online review courses for aspiring pharmacists studying for the North American Pharmacist Licensure Examinations (NAPLEX®) and the Pharmacist Law Exams.
buyer: UWorld
UWorld is the worldwide leader in online learning to prepare for high-stakes exams. Whether students are preparing for the ACT, SAT, MCAT, NCLEX, USMLE, ABIM, or ABFM, UWorld ensures success by using active learning methods. "
target: Rxprep, Inc
Since 2001, RxPrep's pharmacy licensure reviews for the NAPLEX® and pharmacy law exams have been the preferred study material used by top pharmacy schools, the largest chain employers, and the majority of U.S. and foreign graduates.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2006 via PR Newswire

Horizon Wimba, acquired Brownstone Research Group

synopsis: Horizon Wimba, a provider of collaborative software applications for online education, announced today that it has acquired Brownstone Research Group, a leading developer of simple, powerful assessment tools for teaching and learning.
buyer: Horizon Wimba
Horizon Wimba develops web-based collaboration software tools designed for online distance education, language learning and live interactive communications. Horizon Wimba brings a new collaborative dimension to online teaching and learning. "
target: Brownstone Research Group
Brownstone Research Group was established in 1983 to develop software for academic instructors and students. Its products are distributed by textbook publishing companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 10/21/2020 via BusinessWire

Turnitin, acquired ExamSoft Worldwide, Inc.

synopsis: Turnitin, a leading provider of academic integrity and assessment solutions, has acquired ExamSoft, a software-based assessment platform, from Spectrum Equity. ExamSoft empowers educational institutions and certification and licensure programs to protect exam integrity, streamline assessment processes, and improve learning outcomes.
buyer parent: Advance, Inc.
buyer: Turnitin
Turnitin is dedicated to ensuring the integrity of education and research and supporting the development of original thinking skills. Its products are used by educators to guide their students towards higher standards of integrity and by students and researchers to do their best, original work. "
target parent: Spectrum Equity
target: ExamSoft Worldwide, Inc.
ExamSoft is an education technology company that builds scalable software solutions that provide the highest level of exam security and integrity to education and certification institutions across a variety of verticals, settings, and modalities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/29/2020 via BNC Analysis

Docsity, acquired Estudar Com Voce Ltda

synopsis: Estudar com Você, a Brazilian distance education startup focused on higher education, was bought by the Italian Docsity. Estudar com Você creates an awesome studying experience for college students to prepare for their exams and classes.
buyer: Docsity
Docsity is the website where Students find the contents and the study support they need in order to successfully pass their exams. Docsity's community of 1,300,000 registered students worldwide has shared more than 600,000 study documents and millions of questions and answers. "
target: Estudar Com Voce Ltda
Estudar com Você creates an awesome studying experience for college students to prepare for their exams and classes. Estudar provides quality content, such as video lessons and step-by-step solutions to exercises, through a user-friendly website.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/7/2019 via PR Newswire

TAL Education Group, acquired Ready4, Inc.

synopsis: Tomorrow Advancing Life Education Group (TAL), a leading education and technology enterprise in China, has acquired Ready4, Inc., the world's most advanced mobile learning platform. Ready4 provides high-quality, AI-powered live and on demand test prep courses for GMAT, GRE, SAT, ACT, PSAT, and MCAT.
buyer: TAL Education Group (TAL:$2,340.52)
Tomorrow Advancing Life (TAL) is a leading education and technology enterprise in China. Since its establishment, TAL is committed to integrating technologies and the Internet into education, to deliver a better study experience for children through K-12. "
target: Ready4, Inc.
Ready4 is the world's most advanced mobile learning platform. Ready4 provides high-quality, AI-powered live and on demand test prep courses for GMAT, GRE, SAT, ACT, PSAT, and MCAT. Ready4 has helped more than 2 million students in over 150 countries improve their college admissions test scores.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/10/2015 via BNC Analysis

Quadrant 4 Systems Corporation, acquired Brainchild, Inc.

synopsis: Quadrant 4 Systems Corporation formally completed the acquistion of Brainchild, Inc. Brainchild creates and develops tools to engage all students. Brainchild specializes in handheld tutors and software for state test preparation.
buyer: Quadrant 4 Systems Corporation (QFOR:$54.82)
Quadrant 4 is a Vertical Cloud Platform company offering state-of-the-art PaaS solutions in Healthcare, Media and Retail. Their highly scalable vertical cloud platforms coupled with their Global Professional Services organization provides clients with a competitive advantage in the marketplace. "
target: Brainchild, Inc.
Brainchild has established a strong track record of helping thousands of schools make AYP and win awards for dramatic increases in scores on state tests. Brainchild makes tools to engage all students. Struggling students have a variety of learning styles and disabilities.
price ($mm)
$1.62
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/7/2013 via PR Newswire

Turning Technologies, LLC, acquired eInstruction Corporation

synopsis: Turning Technologies, a company that creates leading assessment delivery and data collection solutions for learning environments, has acquired eInstruction. eInstruction develops educational technology, including classroom instruction systems, student response systems, interactive whiteboards and assessment software.
buyer parent: Brockway Moran & Partners Inc.
buyer: Turning Technologies, LLC
Turning Technologies, LLC develops interactive response systems utilizing the latest software and hardware tools available and transforms them into state of the art applications for audience response. "
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($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 7/2/2007 via BNC Analysis

Leeds Equity Partners, acquired eInstruction Corporation

synopsis: Berkery, Noyes & Co., LLC, the leading independent investment bank serving the information and technology markets, announces that it represented Leeds Equity Partners, LLC, which has signed a definitive agreement to acquire 100 percent of eInstruction Corporation (eInstruction), a portfolio company of Chicago Growth Partners.
buyer: Leeds Equity Partners
Leeds Equity Partners, LLC, the New York-based private equity firm, manages the largest private equity fund in the United States focused on investments in the education, training and related business services and information industries ("Knowledge Industries"). "
target parent: Chicago Growth Partners
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/15/2005 via Company Description

Chicago Growth Partners, acquired eInstruction Corporation

synopsis: eInstruction Corporation was acquired by a group of investors led by Chicago Growth Partners that also included the Private Equity Group of Goldman Sachs Asset Management, PPM America Capital Partners, CapitalSource and management. MHT acted as the exclusive advisor to eInstruction.
buyer: Chicago Growth Partners
Chicago Growth Partners focuses on lower middle market growth companies in Business and Consumer Services, Healthcare, Industrial Growth and Information Technology. We’ve focused on these industries for over 21 years, with a combined 100+ years of experience in these four areas. "
target: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/22/2013 via PR Web

Pearson Education, acquired Learning Catalytics LLC

synopsis: Pearson, the world’s leading learning company, announced that it has acquired Learning Catalytics™, an advanced, cloud-based learning analytics and assessment system developed by Eric Mazur, Brian Lukoff, and Gary King of Harvard University.
buyer parent: Pearson plc
buyer: Pearson Education
Pearson, the global leader in education services, education technology and school solutions, provides innovative print and digital education materials for preK through college, student information systems and learning management systems and teacher professional development. "
target: Learning Catalytics LLC
Learning Catalytics is a cloud-based learning analytics and assessment system. It allows faculty to obtain real-time responses to open-ended or critical thinking questions, determine which areas need more explanation, and then automatically group students for further discussion and problem solving.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/18/2012 via PR Web

eInstruction Corporation, acquired EduClick SL

synopsis: eInstruction Corporation, a global education software and technology company, has acquired the assets of EduClick, a producer of flexible student response system (SRS) software headquartered in Valencia, Spain.
buyer parent: Leeds Equity Partners
buyer: eInstruction Corporation
eInstruction is the leading worldwide provider of interactive response systems to Kindergarten-12th grade, higher-education, corporate and military classrooms with an estimated 40% market share. "
target: EduClick SL
EduClick s.l. produces information technology tools for summative and formative assessment from the learning platforms; teaching tools for interaction in classroom with a range of learning contents; and data consolidation products from multiple platforms and multidimensional analysis.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/4/2019 via GlobeNewswire

Transom Capital Group, acquired Scantron Corporation

synopsis: Transom Capital Group, an operations-focused middle-market private equity firm, has acquired Scantron Corporation, a global technology and services driven company whose experts provide comprehensive assessment and technology solutions. Scantron is a widely recognized brand world-wide with a history in delivering quality, accuracy, and reliability.
buyer: Transom Capital Group
Transom is an operations-focused private equity firm in the middle market with more than $500M in assets under management. The firm's methodology and industry expertise create improved operational efficiency, significant top-line growth, and distinctive outcomes. "
target parent: MacAndrews & Forbes Holdings Inc.
target: Scantron Corporation
Scantron Corporation is a global, diversified company that empowers growth through intelligent, mission-critical assessment, technology, and data capture solutions for business, education, certification, and government clients around the world.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/30/2018 via BusinessWire

ECS Learning Systems, Inc., acquired PrepWorks

synopsis: Asteria Education, Inc., DBA ECS Learning Systems, the leading Integrated Standards Prep™ company and developer of STAAR MASTER, announced the acquisition of Miami-based PREPWORKS, a globally recognized leader in education technology and competency-based learning.
buyer parent: Asteria Education, Inc.
buyer: ECS Learning Systems, Inc.
Founded in 1982 in San Antonio, Texas, ECS Learning Systems is the Integrated Standards Prep™ company publishing STAAR MASTER®, TestSMART® and Novel Units®. From the beginning, their company mission has been to create quality, innovative K-12 resources that make teaching easier. "
target: PrepWorks
PREPWORKS is a globally recognized leader in education technology and competency-based learning. With a combination of intelligent software, courseware, and reporting, Prepworks is disrupting student achievement in secondary school and higher education to promote college and career readiness.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/5/2012 via BusinessWire

John Wiley & Sons, Inc., acquired CPAexcel

synopsis: John Wiley & Sons, Inc., a global provider of content and workflow solutions supporting research; professional development; and education, announced that it has acquired Efficient Learning Systems (ELS), Inc, an e-learning system provider in areas like professional finance and accounting.
buyer: John Wiley & Sons, Inc. (NYSE:JW.A:$1,848.05)
John Wiley & Sons is a global publisher. Wiley and its acquired companies have published the works of more than 450 Nobel laureates in all categories: Literature, Economics, Physiology/Medicine, Physics, Chemistry and Peace. "
target: CPAexcel
Efficient Learning Systems, Inc. is a leader in computer-based exam review for students. As producers of CPAexcel CPA Exam Review, it produces online test preparation platforms that enrich the learning experience through the use of a unique presentation system.
price ($mm)
$24
rev ($mm)
$7
EBITDA ($mm)
EV / rev
3.4x
EV / EBITDA
cancelled 6/26/2006 via Company Press Release

Facts On File News Service, cancelled an acquisition of Bridges Transitions, Inc.

synopsis: Bridges Transitions Inc. has received notification from Facts on File, Inc. that it is withdrawing its previously announced, unsolicited, non-binding, proposal to acquire all of the issued and outstanding shares of Bridges. As a consequence, Bridges has ceased all discussions with Facts on File, Inc.
buyer parent: Veronis Suhler Stevenson
buyer: Facts On File News Service
Facts On File is recognized as one of the leading print and electronic publishers of general reference materials for the school and library markets. Its product formats include single and multi-volume books, online databases, loose-leaf binders and CD-ROMs. "
target: Bridges Transitions, Inc.
Bridges Transitions Inc. develops, markets and delivers comprehensive products and services that address a wide range of education needs. Our education and career planning products, online test preparation courses and professional development training services are used by schools.
price ($mm)
rev ($mm)
$12
EBITDA ($mm)
EV / rev
0.0x
EV / EBITDA
closed 9/27/2017 via BNC Analysis

NeoStencil, acquired TestCafe

synopsis: NeoStencil India Pvt. Ltd, which runs an online IAS coaching platform, has acquired analytics-based testing portal TestCafe. Noida-based TestCafe, which caters to those preparing for MBA entrances, tracks and analyses students’ performance and generates actionable recommendations.
buyer: NeoStencil
NeoStencil India Pvt. Ltd runs an online IAS (Indian Administrative Service) coaching platform. NeoStencil provides live as well as recorded classes, test series and study material for civil services exams. "
target: TestCafe
Noida-based TestCafe, which caters to those preparing for MBA entrances, tracks and analyses students’ performance and generates actionable recommendations. The company was founded in 2016 by Anish Passi, an IIM Ahmedabad alumnus.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/21/2020 via BusinessWire

UWorld, acquired Themis Bar Review

synopsis: UWorld, a company trusted by more than 2 million students for high-stakes online learning tools, has acquired Themis Bar Review, a leading provider of online bar review courses that have helped nearly one hundred thousand law students prepare for the bar exam.
buyer: UWorld
UWorld is the worldwide leader in online learning to prepare for high-stakes exams. Whether students are preparing for the ACT, SAT, MCAT, NCLEX, USMLE, ABIM, or ABFM, UWorld ensures success by using active learning methods. "
target: Themis Bar Review
Themis Bar Review is a leading provider of online bar review courses that have helped nearly one hundred thousand law students prepare for the bar exam. Themis Bar Review is the first fully online bar review and the only bar prep company to publish its students’ bar exam pass rates.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2020 via BusinessWire

UWorld, acquired Rxprep, Inc

synopsis: UWorld, the worldwide leader in online learning to prepare for high-stakes exams, has acquired RxPrep, a leading provider of online review courses for aspiring pharmacists studying for the North American Pharmacist Licensure Examinations (NAPLEX®) and the Pharmacist Law Exams.
buyer: UWorld
UWorld is the worldwide leader in online learning to prepare for high-stakes exams. Whether students are preparing for the ACT, SAT, MCAT, NCLEX, USMLE, ABIM, or ABFM, UWorld ensures success by using active learning methods. "
target: Rxprep, Inc
Since 2001, RxPrep's pharmacy licensure reviews for the NAPLEX® and pharmacy law exams have been the preferred study material used by top pharmacy schools, the largest chain employers, and the majority of U.S. and foreign graduates.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/3/2006 via PR Newswire

Horizon Wimba, acquired Brownstone Research Group

synopsis: Horizon Wimba, a provider of collaborative software applications for online education, announced today that it has acquired Brownstone Research Group, a leading developer of simple, powerful assessment tools for teaching and learning.
buyer: Horizon Wimba
Horizon Wimba develops web-based collaboration software tools designed for online distance education, language learning and live interactive communications. Horizon Wimba brings a new collaborative dimension to online teaching and learning. "
target: Brownstone Research Group
Brownstone Research Group was established in 1983 to develop software for academic instructors and students. Its products are distributed by textbook publishing companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 10/21/2020 via BusinessWire

Turnitin, acquired ExamSoft Worldwide, Inc.

synopsis: Turnitin, a leading provider of academic integrity and assessment solutions, has acquired ExamSoft, a software-based assessment platform, from Spectrum Equity. ExamSoft empowers educational institutions and certification and licensure programs to protect exam integrity, streamline assessment processes, and improve learning outcomes.
buyer parent: Advance, Inc.
buyer: Turnitin
Turnitin is dedicated to ensuring the integrity of education and research and supporting the development of original thinking skills. Its products are used by educators to guide their students towards higher standards of integrity and by students and researchers to do their best, original work. "
target parent: Spectrum Equity
target: ExamSoft Worldwide, Inc.
ExamSoft is an education technology company that builds scalable software solutions that provide the highest level of exam security and integrity to education and certification institutions across a variety of verticals, settings, and modalities.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/29/2020 via BNC Analysis

Docsity, acquired Estudar Com Voce Ltda

synopsis: Estudar com Você, a Brazilian distance education startup focused on higher education, was bought by the Italian Docsity. Estudar com Você creates an awesome studying experience for college students to prepare for their exams and classes.
buyer: Docsity
Docsity is the website where Students find the contents and the study support they need in order to successfully pass their exams. Docsity's community of 1,300,000 registered students worldwide has shared more than 600,000 study documents and millions of questions and answers. "
target: Estudar Com Voce Ltda
Estudar com Você creates an awesome studying experience for college students to prepare for their exams and classes. Estudar provides quality content, such as video lessons and step-by-step solutions to exercises, through a user-friendly website.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/7/2019 via PR Newswire

TAL Education Group, acquired Ready4, Inc.

synopsis: Tomorrow Advancing Life Education Group (TAL), a leading education and technology enterprise in China, has acquired Ready4, Inc., the world's most advanced mobile learning platform. Ready4 provides high-quality, AI-powered live and on demand test prep courses for GMAT, GRE, SAT, ACT, PSAT, and MCAT.
buyer: TAL Education Group (TAL:$2,340.52)
Tomorrow Advancing Life (TAL) is a leading education and technology enterprise in China. Since its establishment, TAL is committed to integrating technologies and the Internet into education, to deliver a better study experience for children through K-12. "
target: Ready4, Inc.
Ready4 is the world's most advanced mobile learning platform. Ready4 provides high-quality, AI-powered live and on demand test prep courses for GMAT, GRE, SAT, ACT, PSAT, and MCAT. Ready4 has helped more than 2 million students in over 150 countries improve their college admissions test scores.
price ($mm)
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EBITDA ($mm)
EV / rev
EV / EBITDA

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