Like GlobalScholar

closed 1/3/2011 via BNC Analysis

Scantron Corporation, acquired GlobalScholar

synopsis: Scantron Corporation announced that it has acquired GlobalScholar, an education technology company. GlobalScholar’s technology solutions are marketed under the “Pinnacle” brand and are designed to manage the entire cycle of learning for K-12 students, teachers, parents and education administrators.
buyer parent: M&F Worldwide Corp.
buyer: Scantron Corporation
Scantron helps education, commercial, and government organizations worldwide measure and improve effectiveness with assessment and survey solutions built on leading products and comprehensive, value-added services. "
target parent: Knowledge Universe, Inc.
target: GlobalScholar
GlobalScholar empowers educators, parents and students throughout the entire learning lifecycle, helping schools achieve educational excellence. Pinnacle Suite, supports all aspects of managing education at K-12 schools.
price ($mm)
$140
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/16/2006 via PR Newswire

Education World, acquired SchoolNotes

synopsis: SchoolNotes has been acquired by Education World. SchoolNotes provides easy-to-use school-to-home communications tools, enabling teachers to set up Web pages where students can get their homework and consult learning resources.
buyer parent: EDmin.com, Inc.
buyer: Education World
Education World, the leading free education Web site, features new, original content every weekday of the school year. "
target: SchoolNotes
SchoolNotes provides easy-to-use school-to-home communications tools, enabling teachers to set up Web pages where students can get their homework and consult learning resources. SchoolNotes also offers classroom updates for parents to check on student progress.
price ($mm)
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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)
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closed 11/10/2015 via PR Newswire

itslearning, acquired Fronter

synopsis: itslearning AS, a market leading learning management system provider, announced the company has acquired Scandinavian-based learning management system Fronter from Pearson. The two companies have joined forces under the itslearning brand to continue to develop the best learning platform for education worldwide.
buyer: itslearning
itslearning is positioned at the heart of education, offering a cloud-based learning platform that helps teachers and learners support, improve and transform their learning and teaching processes. "
target parent: Pearson plc
target: Fronter
Fronter has built a learning platform which provides easy-to-use tools for secure online education and collaboration. Teachers use the platform to create, store and repurpose learning resources and coursework which their students access online.
price ($mm)
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closed 12/10/2008 via Company Press Release

Pearson plc, acquired Fronter

synopsis: Pearson, the international education and information company, announces that it has agreed to acquire Fronter, a European online learning company, from its co-founders Roger Larsen and Bjarne Hadland and other private investors including employees of the company.
buyer: Pearson plc (LSE:PSON:$5,359.58)
Pearson plc is an international media company with world-leading businesses in education, business information and consumer publishing. Pearson Education, the world's leading education company, provides print and digital learning materials and services to more than 100 million students every year. "
target: Fronter
Fronter has built a learning platform which provides easy-to-use tools for secure online education and collaboration. Teachers use the platform to create, store and repurpose learning resources and coursework which their students access online.
price ($mm)
$26
rev ($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)
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closed 6/8/2006 via PR Newswire

EdGate merged with EDmin.com, Inc.,

synopsis: EDmin.com and Educational Gateways announced the merger of their two organizations under EDmin.com, Inc. Clients will immediately benefit from the merger through an increased breadth of products and services, faster implementation, and reduced training requirements. Teachers will have improved access to tools and resources.
buyer: EDmin.com, Inc.
Founded in 1989 as an educational technology company, EDmin.com, Inc. has become the dominant platform for learning management solutions that enable school districts and teachers to accelerate student learning and improve performance. "
target: EdGate
EdGate provides K-12 solutions that improve student performance while providing a user friendly, secure, and personalized environment. EdGate’s suite of products is integrated, customizable, and delivered to the education community via the Internet.
price ($mm)
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closed 8/1/2005 via PR Newswire

McGraw-Hill Education, acquired Turnleaf

synopsis: McGraw-Hill Education today announced the acquisition of TurnLeaf Solutions Inc., a national provider of customized online reporting and data analysis. TurnLeaf helps administrators and teachers track progress toward school districts' Adequate Yearly Progress goals, a key provision in the No Child Left Behind law.
buyer parent: The McGraw-Hill Companies, Inc.
buyer: McGraw-Hill Education
Founded in 1888, McGraw-Hill Education provides information via various media platforms: through books, magazines and newsletters; on-line over the Internet and electronic networks; via television, satellite and FM sideband broadcast; and through software, videotape, facsimile and CD-ROM products. "
target parent: The McGraw-Hill Companies, Inc.
target: Turnleaf
TurnLeaf Solutions Inc. was founded in September of 1999, by educators for educators. The founding vision of the company is one of technology-enhanced instructional improvement as the pathway to higher student achievement. TurnLeaf immediately established a unique niche in the education market thro
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closed 6/27/2011 via GlobeNewswire

Archipelago Learning, Inc., acquired Alloy Multimedia Inc.

synopsis: Archipelago Learning a leading subscription-based, software-as-a-service (SaaS) provider of education products, announced that it has acquired Houston-based Alloy Multimedia, publisher of ESL ReadingSmart, an online, standards-based program for English language learners (ELL).
buyer: Archipelago Learning, Inc. (US:ARCL:$73.27)
Archipelago Learning is a leading subscription-based online education company. Archipelago provides standards-based instruction, practice, assessment and productivity tools that improve the performance of educators and students via proprietary Web-based platforms. "
target: Alloy Multimedia Inc.
Alloy Multimedia publishes ESL ReadingSmart, an online, standards-based program for English language learners targeted toward grades 4-12. The product offers individualized instruction to develop English language proficiency with emphasis on literacy and academic language development.
price ($mm)[EV]
$2.00 [$1.98]
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/7/2018 via PE Hub

Think3, acquired School Loop, Inc.

synopsis: Think3, has acquired School Loop Inc., a leading provider of Learning Management (LMS) and Content Management (CMS) solutions used by major K-12 school districts across the United States. This investment marks Think3’s entry into the education technology space, and will anchor an offering specific for schools.
buyer parent: ESW Capital, LLC
buyer: Think3
Think3 is a $1 billion private equity fund designed to enable SaaS founders to take more shots on goal. They purchase SaaS companies and enable a unique transition process that empowers founders and their teams to then launch their next startup. "
target: School Loop, Inc.
School Loop is a mission-driven company providing communications, learning management, web site, and mobile app services to K-12 school districts. Founded by a teacher in 2004, School Loop serves over 4,000 schools in 30 states.
price ($mm)
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closed 5/31/2012 via PR Newswire

Full East International Limited, merged with Neologic Animation Inc.

synopsis: Neologic Animation Inc., an educational software Company in the People's Republic of China, announced that it has completed its merger with Full East International Limited. Neologic Animation Inc.'s afterschool training website for primary school students, is an educational online game.
buyer: Full East International Limited (NANI:$0.00)
Full East International Limited is a shell company. "
target: Neologic Animation Inc.
Neologic Animation Inc. is an educational software company in the People's Republic of China. The educational online game "Naniya World" is geared to primary school students and is focused on cultivating students' independent learning capacity as well as their self-development capacity.
price ($mm)
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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.
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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 10/17/2018 via Company Press Release

Learners Edge, acquired Teaching Channel, Inc.

synopsis: L Squared Capital Partners is pleased to announce that its portfolio company, Learners Edge, has acquired the Teaching Channel, a subscription-based software platform where teachers can watch, share, and learn new techniques to improve student learning.
buyer parent: L Squared Capital Partners
buyer: Learners Edge
Learners Edge has been committed to helping teachers reach the highest level of success in their classrooms and their careers since 2002. Learners Edge offers over 120 self-paced, continuing education courses for teachers across the country and around the world. "
target parent: SilverLake
target: Teaching Channel, Inc.
Teaching Channel, one of the leading brands in education, has over one million registered users and is known nationally for its more than 1,350 best-in-class videos of teachers in action. Teaching Channel Plus, an online K-12 professional development platform, is used by school districts nationwide.
price ($mm)
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closed 7/20/2017 via PR Newswire

Weld North LLC, acquired Teaching Channel, Inc.

synopsis: Teaching Channel, a California non-profit organization and the premier video-based online professional learning company, announced that its operations and assets have been acquired by its management team and employees, completing its transition to a for-profit company. Investors included Weld North and members of the management team.
buyer: Weld North LLC
Weld North operates a platform of digital and SaaS educational solution businesses. In partnership with KKR, a global alternative asset manager, Weld North makes control investments in high potential businesses in the education industry. "
target: Teaching Channel, Inc.
Teaching Channel, one of the leading brands in education, has more than 1,300 best-in-class videos of teachers in action, one million registered users, and a SAAS-based professional development platform that is used by K-12 school districts nationwide.
price ($mm)
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announced 4/7/2005 via PR Newswire

Cambium Learning, will acquire Kurzweil Educational Systems

synopsis: Cambium Learning, Inc., an education company serving the unique needs of the nation's at-risk, minority and special student populations with learning tools, services and technologies, today announced that they have signed an agreement to acquire Kurzweil Educational Systems, Inc.
buyer parent: Whitney & Co. LLC
buyer: Cambium Learning (ABCD:$159.46)
Cambium Learning is an education company that provides research-based, culturally responsive and proven instructional materials, services and technology to help educators raise the achievement level of those pre K through grade 12 students underserved by existing instructional materials. "
target: Kurzweil Educational Systems
Kurzweil Educational Systems, founded in 1996, is the industry leader and innovator of reading, writing and learning solutions for people with learning disabilities, and people who are blind or visually impaired.
price ($mm)
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closed 2/3/2011 via

News Corporation, acquired Wireless Generation

synopsis: News Corp. agreed to acquire 90 percent of education-technology provider Wireless Generation for about $360 million in cash, as Rupert Murdoch’s media company looks to expand in academics.
buyer: News Corporation (NWSA:$9,890.00)
News Corporation is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers; book publishing; and other. "
target parent: Seavest, Inc.
target: Wireless Generation
Wireless Generation creates innovative tools, systems, and services that help educators teach smarter. With its mobile assessment software, the company invented a better way to give classroom assessments and make data-based instructional decisions.
price ($mm)
$390*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/7/2014 via BusinessWire

Weld North LLC, acquired Imagine Learning, Inc.

synopsis: Weld North announced that it has acquired Imagine Learning. Imagine Learning designs and develops language and literacy software for struggling readers, early childhood students, and the rapidly growing English language learner (ELL) student population. Imagine joins Edgenuity and Generation Ready on the Weld North education platform.
buyer: Weld North LLC
Weld North is an investment company concentrating on education, health and wellness, consumer services and marketing businesses. In partnership with KKR, a leading global investment firm, it seeks to make control investments in businesses with high potential for long-term growth in cash flow. "
target parent: Sorenson Capital
target: Imagine Learning, Inc.
Imagine Learning delivers award-winning language and literacy solutions to elementary students throughout the U.S. and around the world. Imagine Learning creates educational software that uses engaging, one-on-one instruction to meet students’ individual learning needs.
price ($mm)
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closed 1/16/2019 via PR Newswire

Houghton Mifflin Harcourt, acquired Waggle

synopsis: Learning company Houghton Mifflin Harcourt announced that it has acquired award-winning adaptive learning solution Waggle. Waggle's web-based adaptive learning platform provides differentiated Math and ELA instruction for students in grades 2–8.
buyer: Houghton Mifflin Harcourt (HMHC:$1,387.60)
As a global leader in K–12 education, Houghton Mifflin Harcourt (HMH) provides comprehensive learning solutions to help all students achieve their maximum potential. HMH also delights readers throughout the world with award-winning children's books, novels, non-fiction, and reference titles. "
target: Waggle
Waggle's web-based adaptive learning platform provides differentiated Math and ELA instruction for students in grades 2–8. Waggle's unique engine analyzes student decisions, learning behavior and progress to ensure each learner experiences the right challenge at the right time.
price ($mm)
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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)
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EV / EBITDA
closed 1/3/2011 via BNC Analysis

Scantron Corporation, acquired GlobalScholar

synopsis: Scantron Corporation announced that it has acquired GlobalScholar, an education technology company. GlobalScholar’s technology solutions are marketed under the “Pinnacle” brand and are designed to manage the entire cycle of learning for K-12 students, teachers, parents and education administrators.
buyer parent: M&F Worldwide Corp.
buyer: Scantron Corporation
Scantron helps education, commercial, and government organizations worldwide measure and improve effectiveness with assessment and survey solutions built on leading products and comprehensive, value-added services. "
target parent: Knowledge Universe, Inc.
target: GlobalScholar
GlobalScholar empowers educators, parents and students throughout the entire learning lifecycle, helping schools achieve educational excellence. Pinnacle Suite, supports all aspects of managing education at K-12 schools.
price ($mm)
$140
rev ($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)
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closed 11/29/2018 via BusinessWire

Scantron Corporation, acquired IT Nexus

synopsis: Scantron Corporation, a leading, global provider of assessment solutions including certification and licensure testing, as well as technology solutions, announced the acquisition of IT Nexus, an information technology services provider that designs, manages and supports IT infrastructure.
buyer parent: MacAndrews & Forbes Holdings Inc.
buyer: Scantron Corporation
Scantron is a global, diversified company that provides market leading assessment capabilities and technology services to help learners, educators, business owners, and professionals around the world achieve their goals. "
target: IT Nexus
IT Nexus is an information technology services provider to small and medium size businesses that designs, manages and supports IT infrastructure. They are based in Omaha, NE.
price ($mm)
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closed 6/20/2018 via BusinessWire

Scantron Corporation, acquired CASTLE Worldwide

synopsis: Scantron Corporation, a global provider of market-leading assessment and technology solutions, announced it has completed its acquisition of Castle Worldwide, an accomplished full-service licensure and certification testing company based in Morrisville, North Carolina.
buyer parent: MacAndrews & Forbes Holdings Inc.
buyer: Scantron Corporation
Scantron is a global, diversified company that provides market leading assessment capabilities and technology services to help learners, educators, business owners, and professionals around the world achieve their goals. "
target: CASTLE Worldwide
Castle is an accomplished full-services certification and licensure testing company. They allow stakeholders to excel in their profession through the development of competency-based testing, training, and high-stakes certification programs.
price ($mm)
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closed 12/18/2017 via BusinessWire

Scantron Corporation, acquired WRK Systems, Inc.

synopsis: Scantron Corporation, a leading, national provider of managed IT, managed print and hardware services, announced the acquisition of WRK Systems, Inc., a comprehensive technology services provider that designs, manages and supports IT infrastructure, in addition to implementing and managing cost effective cloud computing solutions.
buyer parent: MacAndrews & Forbes Holdings Inc.
buyer: Scantron Corporation
Scantron provides market leading assessment capabilities and technology services to help learners, educators, business owners, and professionals achieve their goals. It empowers organizations of all sizes to monitor, measure, and understand information in order to improve effectiveness. "
target: WRK Systems, Inc.
WRK Systems, Inc. is a comprehensive technology services provider that designs, manages and supports IT infrastructure, in addition to implementing and managing cost effective cloud computing solutions. WRK Systems, Inc. serves the commercial, financial and healthcare industries.
price ($mm)
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closed 1/3/2011 via BNC Analysis

Scantron Corporation, acquired GlobalScholar

synopsis: Scantron Corporation announced that it has acquired GlobalScholar, an education technology company. GlobalScholar’s technology solutions are marketed under the “Pinnacle” brand and are designed to manage the entire cycle of learning for K-12 students, teachers, parents and education administrators.
buyer parent: M&F Worldwide Corp.
buyer: Scantron Corporation
Scantron helps education, commercial, and government organizations worldwide measure and improve effectiveness with assessment and survey solutions built on leading products and comprehensive, value-added services. "
target parent: Knowledge Universe, Inc.
target: GlobalScholar
GlobalScholar empowers educators, parents and students throughout the entire learning lifecycle, helping schools achieve educational excellence. Pinnacle Suite, supports all aspects of managing education at K-12 schools.
price ($mm)
$140
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/22/2010 via BusinessWire

Scantron Corporation, acquired Spectrum K12 School Solutions

synopsis: Scantron Corporation has acquired Spectrum K12 School Solutions, a recognized industry leader in providing Response to Intervention (RTI), Student Achievement Management and Special Education software solutions. Spectrum K12 complements and enhances the solutions currently being delivered to the education market by Scantron.
buyer parent: M&F Worldwide Corp.
buyer: Scantron Corporation
Scantron helps education, commercial, and government organizations worldwide measure and improve effectiveness with assessment and survey solutions built on leading products and comprehensive, value-added services. "
target: Spectrum K12 School Solutions
Spectrum K12 partners with educators and administrators as well as collaboratively working with school districts, Spectrum K12 delivers a Student Achievement Management solution suite that manages, administers and prescribes the personalized learning process and data required for all students.
price ($mm)
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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)
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announced 6/30/2015 via PR Newswire

Data Recognition Corporation, will acquire CTB/McGraw-Hill

synopsis: Data Recognition Corporation (DRC), a leading provider of educational assessment services, announced it has agreed to acquire key assets of the CTB assessment business of McGraw-Hill Education. CTB/McGraw-Hill is a leader in testing with recognized products for online interim and formative, adult, and language proficiency assessment.
buyer: Data Recognition Corporation
Data Recognition Corporation provides full-service educational testing and assessment programs, large-scale survey research and data collection, and comprehensive digital and mailing document solutions. "
target parent: Apollo Global Management
target: CTB/McGraw-Hill
CTB/McGraw-Hill has over an 85-year record of excellence in assessment, and serves more than 18 million students in all 50 states and 49 countries. CTB/McGraw-Hill is a leader in testing with recognized products for online interim and formative, adult, and language proficiency assessment.
price ($mm)
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closed 2/28/2018 via BusinessWire

Asteria Education, Inc., acquired ECS Learning Systems, Inc.

synopsis: ECS Learning Systems, a leading integrated test prep company in Texas, announced Asteria Education, Inc. has acquired substantially all of the assets of ECS Learning Systems, Inc. ECS Learning Systems is the Integrated Standards Prep™ company publishing STAAR MASTER®, TestSMART® and Novel Units®.
buyer: Asteria Education, Inc.
The mission of Asteria Education, Inc. is to provide affordable high quality learning solutions to help all students achieve academic success. Asteria was created in 2017 and is actively pursuing acquisition opportunities in the education space. "
target: 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.
price ($mm)
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announced 9/12/2018 via BusinessWire

Alpine Investors, LP, will purchase Riverside Clinical and Standardized Testing from Houghton Mifflin Harcourt

synopsis: Alpine Investors, a software and services focused private equity firm, is to acquire the Riverside Clinical and Standardized Testing Portfolio of Houghton Mifflin Harcourt. This portfolio includes, among others, the well-regarded brands Cognitive Abilities Test (CogAT), Iowa Assessments, Woodcock Johnson, and Battelle Developmental Inventory (BDI).
buyer: Alpine Investors, LP
Alpine Investors is a software and services focused private equity firm that differentiates itself through its PeopleFirst strategy. It’s PeopleFirst strategy includes a CEO-in-Residence (CIR) program, where Alpine partners with CEOs first and places them into companies as part of the transaction. "
seller: Houghton Mifflin Harcourt (HMHC:$1,387.60)
The acquisition includes the Riverside Clinical and Standardized Testing Portfolio of Houghton Mifflin Harcourt. This portfolio includes, among others, the well-regarded brands Cognitive Abilities Test (CogAT), Iowa Assessments, Woodcock Johnson, and Battelle Developmental Inventory (BDI).
price ($mm)
$140
rev ($mm)
$80
EBITDA ($mm)
EV / rev
1.8x
EV / EBITDA
announced 1/3/2020 via BNC Analysis

Aakash Educational Services Limited, will acquire Meritnation

synopsis: Aakash Educational Services Ltd, a leading educational institution in India, will acquire a 66% stake in Meritnation from Info Edge, India’s premier online classifieds company. Meritnation is an Indian company that develops study content and assessment modules for students of classes I - XII. Meritnatio offers content for math, science and English.
buyer: Aakash Educational Services Limited
Aakash is a leading educational institution in India. Aakash provides comprehensive test preparatory services to students preparing for medical and engineering entrance exams, school/board exams, KVPY, NTSE, Olympiads and other Foundation level exams. "
target parent: Info Edge
target: Meritnation
Meritnation is an Indian company that develops study content and assessment modules for students of classes I - XII. Meritnatio offers content for mathematics, science and English. They also offer online and offline test preparation modules for various undergraduate entrance examinations.
price ($mm)
$7.00*
rev ($mm)
$5
EBITDA ($mm)
EV / rev
2.2x
EV / EBITDA
closed 10/18/2010 via BusinessWire

Triumph Learning, acquired Educational Tools, Inc.

synopsis: Triumph Learning, the market leader in state-specific, standards-focused education material that supports student instruction, said that it has acquired Educational Tools, Inc., the developer of the industry leading iCORE digital curriculum product for state-aligned and Common Core standards instruction.
buyer parent: Haights Cross Communications, LLC
buyer: Triumph Learning
Triumph Learning, a subsidiary of Haights Cross Communications, is the market leader in state-specific, standards-focused education material that supports student instruction. The company’s mission is to assist teachers in their goal to raise student achievement. "
target: Educational Tools, Inc.
Educational Tools, Inc. is the creator and developer of iCORE, an industry leading digital curriculum tool for K-12 teachers nationwide. iCORE provides individualized instruction that is fully aligned to state specific standards for math, science, reading and social studies.
price ($mm)
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EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/13/2014 via BusinessWire

Link-Systems International, acquired ComFit Learning

synopsis: Link-Systems International, Inc., a market leader in integrated, technology-based solutions for educators, announced that, through its wholly owned subsidiary CF Learning, LLC, it has completed its acquisition of the Comfit™ online learning business from Comfit, LLC, a Connecticut-based education company.
buyer: Link-Systems International
Link-Systems International, Inc. (LSI) is a market-leading software company that helps academic institutions create effective digital solutions for teaching and learning. LSI has created several unique and powerful software platforms that facilitate the sharing of content over the Internet. "
target: ComFit Learning
ComFit Learning is an Internet-based education company that develops technology-supported instructional resources specifically designed to help educators reverse the increasingly worrisome trend of declining retention and graduation rates.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/6/2011 via Capital IQ

Cambium Learning Group, Inc., acquired Class.com, Inc.

synopsis: Cambium Learning Group, Inc., a leading educational company focused primarily on serving the needs of at-risk and special student populations, announced that the Company has purchased the assets of Class.com, an industry-leading provider of online learning solutions.
buyer parent: Veronis Suhler Stevenson
buyer: Cambium Learning Group, Inc. (ABCD:$159.46)
Cambium Learning Group is the leading educational company focused primarily on serving the needs of at-risk and special student populations. The company operates three core divisions: Voyager, Sopris, and Cambium Learning Technologies. "
target: Class.com, Inc.
Class.com equips educators with the tools to help every student succeed by providing schools and organizations with high-quality, research-based, online learning solutions that cater to the needs of 21st-century learners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2017 via BNC Analysis

Telegraph Media Group, acquired Gojimo

synopsis: The Telegraph Media Group (TMG), the publisher of The Daily Telegraph and The Sunday Telegraph newspapers, has acquired exam preparation and revision app Gojimo in a move to reach out to and further engage a younger audience. Available on iOS, Android and the web, Gojimo claims to be the UK’s number one exam preparation app.
buyer: Telegraph Media Group
Telegraph Media Group (TMG) is a multi-media news publisher of the world-renowned, agenda-setting content found in its titles: The Daily Telegraph, The Sunday Telegraph, The Telegraph website and The Telegraph weekly world edition. "
target: Gojimo
Gojimo is the leading test prep app for students in the UK and US. Students can access textbooks, study guides, and quizzes from the world's lead educational publishers on their mobile device or tablet.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/13/2017 via BNC Analysis

Aksia Group SGR, acquired Alpha Test Srl

synopsis: Independent private equity firm Aksìa Group has acquired 70 per cent of Alpha Test, a Milan-based professional education company, specialising in books and courses for preparation for university admission tests.
buyer: Aksia Group SGR
Aksìa Group SGR S.p.A. is an asset management company specialized in private equity investments in mature and healthy companies. "
target: Alpha Test Srl
Alpha Test is a Milan-based professional education company, specialising in books and courses for preparation at university admission tests.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/31/2017 via PR Newswire

ST Unitas Co. Ltd., acquired The Princeton Review

synopsis: Match Group announced that it has completed its previously announced sale of all of its Non-dating business, which operates under the umbrella of The Princeton Review, to ST Unitas, a global education technology company. The Princeton Review is a leading tutoring, test prep and college admission services company.
buyer: ST Unitas Co. Ltd.
ST Unitas started in 2010 as an EduTech company with only 4 employees. ST Unitas provides effective learning contents and programs to assist preparation for university entrance exams or job searching to achieve people’s goals quicker. "
target parent: IAC
target: The Princeton Review
The Princeton Review is a leading tutoring, test prep and college admission services company. It helps millions of college- and graduate school-bound students achieve their education and career goals through online and in-person courses delivered by a network of more than 4,000 teachers and tutors.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/10/2015 via BNC Analysis

Embibe, acquired 100 Marks

synopsis: Leading education portal to prepare for competitive entrance tests Embibe.com announced the take-over of 100Marks, a student guidance platform for Indian Institute of Information Technology Joint Entrance Examination and All India Engineering Entrance Examination.
buyer: Embibe
Embibe.com is the flagship brand of Mumbai based company - Individual Learning Pvt Ltd., an education analytics consumer tech start-up. Embibe is a leading education portal to prepare for competitive entrance tests in India. "
target: 100 Marks
100Marks is aiming to be one stop shop for education material online. 100Marks is a place where users can get access to free customized study plans and free preparation material for Indian Institute of Information Technology Joint Entrance Examination and All India Engineering Entrance Examination.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/21/2012 via

Charlesbank Capital Partners LLC, acquired Princeton Review Higher Education Readiness

synopsis: In May 2012, Charlesbank purchased The Princeton Review with significant coinvestment from the management team. The Princeton Review is a leading provider of test preparation courses and materials for prospective undergraduate and graduate students.
buyer: Charlesbank Capital Partners LLC
Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, typically investing $50 million to $150 million per transaction. "
target parent: Princeton Review Inc.
target: Princeton Review Higher Education Readiness
The Princeton Review Higher Education Readiness Division is a division of The Princeton Review, Inc. The Division has a leading share of test preparation books in the US and is known for its in-person and online test preparation courses, delivered through a network of over 5,000 teachers and tutors.
price ($mm)
$32
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/28/2012 via Reuters

Malmberg, acquired Bureau ICE

synopsis: Educational publisher Malmberg, part of Sanoma Learning has acquired and closed the acquisition of the testing and examination company Bureau ICE. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands. The acquisition is in line with Sanoma's strategy to focus on learning.
buyer parent: Sanoma Oyj
buyer: Malmberg
Malmberg is a leading educational publisher in the Netherlands and was founded in 1885. Malmberg publishes mixed media learning systems and educational tools for primary, secondary and vocational schools in the Dutch market. "
target: Bureau ICE
Bureau ICE is a testing and examination company. Bureau ICE produces tests and exams for secondary and vocational education in the Netherlands.
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 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 5/29/2013 via BNC Analysis

Perfection Learning Corporation, acquired AMSCO School Publications, Inc.

synopsis: AMSCO School Publications has sold certain assets to Perfection Learning, a leading publisher of teacher and student curriculum materials. In its 78 year history, AMSCO has served major school districts with its quality supplemental instructional materials that not only provided customer value but also assisted students in passing their exams.
buyer: Perfection Learning Corporation
Perfection Learning is a leading publisher of teacher and student curriculum materials for grades K-12. Perfection Learning provides high-quality, innovative curriculum solutions to K-12 schools across the country and internationally. "
target: AMSCO School Publications, Inc.
AMSCO provides high quality, inexpensive textbooks and support materials to the educational community. Their course texts, review, and test prep books reflect national and state standards for curriculum and assessment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/23/2019 via BNC Analysis

Varsity Tutors, acquired Veritas Prep

synopsis: Varsity Tutors, the online learning platform that launched in 2007, has announced the acquisition of Veritas Prep. Veritas Prep launched in 2002 with a suite of test prep courses. Over the years, Veritas built out its online live classes as well as a business around admissions consulting.
buyer: Varsity Tutors
Varsity Tutors is a live learning platform that connects students and professionals with personalized instruction to achieve any goal. To date, students have accessed more than two million hours of live instruction on the platform. "
target: Veritas Prep
Veritas Prep launched in 2002 with a suite of test prep courses. Over the years, Veritas built out its online live classes as well as a business around admissions consulting. Veritas Prep is a GMAT preparation center for students.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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Matching Companies
Ticker: CA:BRI
 
 
 
 
 
 
 
 
Brighter Minds Media, LLC
Brighter Minds Media is a publisher of online and multimedia materials for the whole family with a focus on creating a wholesome online environment for children and the family.
year
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rev ($mm)
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EBITDA ($mm)
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EBIT ($mm)
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Ticker: OTCPK:UMEW
 
 
 
 
 
 
 
 
UMeWorld Limited
UMeWorld Limited
UMeLook is an online video platform focused on bringing foreign video content to China. UMeLook is deployed through a sophisticated CDN (Content Delivery Network) with broad coverage throughout mainland China.
year
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rev ($mm)
$0.01
EBITDA ($mm)
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EBIT ($mm)
($0.92)
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Ticker: TSE:6049
 
 
 
 
 
 
 
 
ItoKuro Inc.
ItoKuro Inc.
Founded in 2006, ItoKuro is a Japanese company that operates comparison websites for cram schools and preparatory schools. Their websites covers schools for elementary school to high school students. The company also offers marketing services to the education industry.
year
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rev ($mm)
$26.36
EBITDA ($mm)
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$5.90
Net Income ($mm)
$3.82
Employees
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