K-20 education applications

closed 3/31/2020 via Company Press Release

Learning Technologies Group, acquired Blackboard Open LMS

synopsis: Learning Technologies Group plc, a market-leader in the workplace digital learning and talent management market, has acquired Blackboard’s Open LMS platform. Blackboard Open LMS provides a strong, open source foundation for competency-based blended, online and professional learning to drive institutional and organizational effectiveness.
buyer: Learning Technologies Group (AIM:LTG:$183.05)
Learning Technologies Group plc (LTG) is a market-leader in the fast-growing workplace digital learning and talent management market. LTG offers large organizations a new approach to learning and talent in a business world driven by digital transformation. "
target parent: Providence Equity Partners Inc.
target: Blackboard Open LMS
Blackboard Open LMS™ provides a strong, open source foundation for competency-based blended, online and professional learning to drive institutional and organizational effectiveness.
price ($mm)
$32
rev ($mm)
$16
EBITDA ($mm)
EV / rev
2.0x
EV / EBITDA
closed 6/12/2019 via BNC Analysis

National Olympiad Foundation, acquired Edurer Knowledge labs

synopsis: Indore-based assessment firm National Olympiad Foundation has acquired ed-tech startup Edurer Knowledge Labs, an India-based company that offers a line of cloud-based SaaS products, designed to meet the learning and administrative needs of institutions and corporates.
buyer: National Olympiad Foundation
Headquartered in India, National Olympiad Foundation constitutes docking of academic talent and social entrepreneurship helping talent to come out from the walls of the classroom. NOF conducts its own GLOBAL talent search exams where resources are utilized for children in need. "
target: Edurer Knowledge labs
Edurer, is an India-based Ed-Tech Startup that offers a line of cloud-based SaaS products, designed to meet the learning and administrative needs of institutions and corporates. Their offerings include services and resources, to automate management, acquire new students and engage them effectively.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/16/2013 via PR Web

Gilfus Venture Partners, acquired Adrenna Inc.

synopsis: Gilfus Venture Partners has announced that they have acquired Adrenna Inc., a provider of innovative learning technologies and immersive content solutions for Education and Workforce including K-12, Higher Education, Corporate, Government, Healthcare, Union, and Associations.
buyer: Gilfus Venture Partners
Gilfus Venture Partners, LLC (GVP) formed by Stephen Gilfus a founder of DC based Blackboard Inc. was created to stimulate and advance the development of internet leveraged ventures. The Group is primarily interested in: Education and eLearning, Social Networking, and Niche/ Boutique Businesses. "
target: Adrenna Inc.
Adrenna is transforming the way organizations approach training, education and learning by providing innovative learning technologies and immersive content solutions for Education and Workforce including K-12, Higher Education, Corporate, Government, Healthcare, Union, and Associations.
price ($mm)
rev ($mm)
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closed 3/26/2012 via PR Newswire

Blackboard Inc., acquired Moodlerooms, Inc.

synopsis: Blackboard Inc. announced that it has acquired Moodlerooms, a provider of open source online learning solutions to the education industry. Moodlerooms, Inc. provides an online learning platform that solves the instructional, financial, and technology needs for K-12, higher education, corporations, government agencies, and non-profit organizations.
buyer parent: Providence Equity Partners Inc.
buyer: Blackboard Inc. (BBBB:$447.32)
Blackboard's solutions allow thousands of higher education, K-12, professional, corporate, and government organizations to extend teaching and learning online, facilitate campus commerce and security, and communicate more effectively with their communities. "
target: Moodlerooms, Inc.
Moodlerooms, Inc. provides an online learning platform that solves the instructional, financial, and technology needs for K-12, higher education, corporations, government agencies, and non-profit organizations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/17/2019 via BNC Analysis

Nazara Technologies Pvt. Ltd., acquired Paper Boat Apps

synopsis: Nazara Technologies, a leading mobile games publisher in India, has acquired a 51% stake in Paper Boat Apps, a Mumbai-based indie studio that creates fun edutainment apps for children. Paper Boat Apps' flagship product, Kiddopia, is a subscription-based app that provides creative activities for math, language skills, social skills and more.
buyer: Nazara Technologies Pvt. Ltd.
Nazara is a leading mobile games publisher focused on the large mobile consumer base in India and other emerging markets. In addition to publishing a range of branded and original mobile games, Nazara also runs gaming subscription service across 60 countries. "
target: Paper Boat Apps
Paper Boat Apps is a Mumbai-based indie studio that creates fun edutainment apps for children. Paper Boat Apps' flagship product, Kiddopia, is an award-winning subscription-based app that provides a wide array of creative and stimulating activities for math, language skills, social skills and more.
price ($mm)
$12*
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/23/2021 via GlobeNewswire

Vasta Platform Ltd, purchased Editora Eleva S.A. from Eleva Educação

synopsis: Vasta Platform announced the execution by its subsidiary, Somos Sistemas de Ensino S.A., of a Sale and Purchase Agreement to acquire, subject to certain conditions precedent, Editora Eleva S.A., a K-12 education platform provider, from Eleva Educação S.A., a Brazilian education group.
buyer: Vasta Platform Ltd
Vasta is a leading, high-growth education company in Brazil powered by technology, providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment. "
seller: Eleva Educação
The acquisition includes Editora Eleva S.A., a K-12 education platform provider, from Eleva Educação S.A., a Brazilian education group. Eleva Educação operates a network of schools and a teaching platform that serves partner schools.
price ($mm)
$108
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/10/2016 via Company Press Release

Collins Learning, acquired Toptrack Learning Ltd

synopsis: Toptrack Learning has been acquired by Collins Learning, a division of HarperCollins Publishers Ltd. Toptrack is a cross-curricular education technology company based in Exeter in the UK. Toptrack was founded to develop a new generation of learning applications to meet the changing needs of both students and teachers in an evolving online world.
buyer parent: News Corporation
buyer: Collins Learning
Collins has been publishing educational and informative books for almost 200 years. Collins is a pioneer in reference publishing - developing market leading, authoritative dictionaries, atlases and bibles, plus books spanning many other areas. "
target: Toptrack Learning Ltd
Toptrack Learning Ltd is a cross-curricular education technology company based in Exeter in the UK. The company was founded in 2009 to develop a new generation of learning applications to meet the changing needs of both students and teachers in an evolving online world.
price ($mm)
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closed 12/22/2006 via BusinessWire

HM Rivergroup PLC, acquired Riverdeep Holdings Limited

synopsis: HM Rivergroup PLC, a newly-formed Irish public limited company, has completed the acquisition of Riverdeep Holdings, Limited. With the transaction now completed, HM Rivergroup PLC will change its name to Houghton Mifflin Riverdeep Group PLC.
buyer: HM Rivergroup PLC
Education Media and Publishing Group Limited publishes textbooks, instructional technology, assessments, and educational materials for elementary and secondary schools, and colleges. It also publishes reference works, and fiction and nonfiction works for adults and young readers. "
target: Riverdeep Holdings Limited
Founded in 1995, Riverdeep Inc. is the fastest growing education and consumer software company in the United States. Riverdeep’s Web-based and CD-ROM solutions can be found in more than 45,000 schools in over 20 countries worldwide.
price ($mm)
$1,200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/27/2005 via PR Newswire

AlphaSmart, Inc. merged with Renaissance Learning, Inc.,

synopsis: Renaissance Learning(R), Inc. and AlphaSmart, Inc. announced today that the merger of AlphaSmart, Inc. with a subsidiary of Renaissance Learning, Inc. has been completed. Renaissance Learning will issue approximately 1.2 million shares of Renaissance Learning common stock and pay approximately $34 million in cash.
buyer: Renaissance Learning, Inc.
Renaissance Learning is the creator of Renaissance solutions - the nation's leading programs for pre-K to 12 school- and districtwide improvement. Renaissance solutions enhance virtually any curriculum with a combination of research-based software, professional development, technical services, and p"
target: AlphaSmart, Inc.
AlphaSmart, Inc. is a provider of affordable, portable personal learning solutions for the K-12 classroom. Its portable computer-companion products are used by students to enhance writing, keyboarding and comprehension, and have been adopted by more than 8,000 school districts in the United States
price ($mm)
$51
rev ($mm)
$36
EBITDA ($mm)
$5
EV / rev
1.4x
EV / EBITDA
10.9x
closed 12/30/2020 via PR Newswire

NPM Capital NV, acquired Futurewhiz BV

synopsis: Levine Leichtman Capital Partners, an international investment firm, announced that it has sold its portfolio company Futurewhiz, the parent of the education companies of Squla, WRTS and Scoyo to NPM Capital, an investment fund. Futurewhiz is the leading consumer education company in the Netherlands.
buyer parent: SHV Holdings N.V.
buyer: NPM Capital NV
NPM was established in 1948 as part of the post-war reconstruction effort to provide risk capital to Dutch companies. The company experienced strong growth in the eighties in line with the development of venture capital and private equity in those years and got listed on the stock exchange in 1987. "
target parent: Levine Leichtman Capital Partners Inc.
target: Futurewhiz BV
Futurewhiz is the parent company of Squla, WRTS and Scoyo. It's Futurewhiz's mission to empower children to grow through personalized education, by fueling their curiosity for knowledge, boosting their confidence and cultivating a lifelong love of learning through games and experiences.
price ($mm)
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closed 6/7/2018 via GlobeNewswire

Levine Leichtman Capital Partners Inc., acquired Squla

synopsis: Levine Leichtman Capital Partners (“LLCP”), an investment firm for middle market companies, has acquired Squla. Squla is the leading consumer education brand for parents and their children in the Netherlands. Squla is now also used in classrooms throughout the Netherlands.
buyer: Levine Leichtman Capital Partners Inc.
Levine Leichtman Capital Partners is an independent investment firm that makes equity investments in middle market companies mainly in the United States. LLCP has invested companies in consumer products, franchises, business services, healthcare, education, and engineered products. "
target: Squla
Squla is the leading consumer education brand for parents and their children in the Netherlands. Squla provides interactive educational tools for primary school students. Squla is linked to the Dutch national curriculum and is designed to supplement a student’s education in a fun and adaptive way.
price ($mm)
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closed 3/8/2016 via BusinessWire

Barnes & Noble Education, Inc., acquired LoudCloud Systems

synopsis: Barnes & Noble Education, Inc., one of the largest contract operators of bookstores on college and university campuses across the USA, announced it has completed the acquisition of the assets of LoudCloud Systems, a sophisticated digital platform and analytics provider to clients in higher education, the for-profit sector, and K-12 segment.
buyer: Barnes & Noble Education, Inc. (BNED:$2,185.39)
Barnes & Noble Education, Inc., one of the largest contract operators of bookstores on college and university campuses across the United States and a leading provider of digital education services, enhances the academic and social purpose of educational institutions. "
target: LoudCloud Systems
LoudCloud’s platforms include a competency based courseware platform, a learning analytics platform and services, and a learning management system. Its software captures and analyzes key behavioral and performance metrics from students, allowing educators to monitor and improve student outcomes.
price ($mm)
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closed 5/22/2019 via GlobeNewswire

Appliqate, acquired Onfire Learning LLC

synopsis: Appliqate, a blockchain focused technology development firm, has acquired Onfire Learning LLC, a leading education technology provider. Onfire Learning offers a learning management system (LMS) that provides a full content catalog for grades 6-12, allowing users to provide the best education for each student.
buyer: Appliqate (OTCPK:APQT:$0.03)
Appliqate is a blockchain focused technology development firm. Appliqate offers a blockchain payments platform that furthers the rise of an integrated open global blockchain economy. Appliqate's blockchain payment system enables businesses to grow their business in a completely revolutionary way. "
target: Onfire Learning LLC
Onfire Learning is a leading education technology provider. Onfire Learning offers a learning management system (LMS) that provides a personalized path for each student. Their LMS offers a full content catalog for grades 6-12, allowing users to provide the best education for each student.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 1/19/2016 via BNC Analysis

Microsoft Corporation, acquired MinecraftEdu

synopsis: Microsoft, the worldwide leader in software, is acquiring a learning tool called MinecraftEdu, a school-ready remix of the original smash hit game Minecraft, from Teacher Gaming LLC, an independent game development company started by teachers and developers from the United States and Finland.
buyer: Microsoft Corporation (MSFT:$143,015.00)
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. Microsoft develops, manufactures, licenses, and supports a range of software products and services for various computing devices worldwide. "
target parent: Teacher Gaming
target: MinecraftEdu
MinecraftEdu is a school-ready remix of the original smash hit game Minecraft, played by over 30 million people worldwide. MinecraftEdu contains a set of powerful yet simple tools to fine-tune the Minecraft experience for learning.
price ($mm)
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closed 4/11/2013 via BusinessWire

Houghton Mifflin Harcourt, acquired Tribal Nova

synopsis: Global education leader Houghton Mifflin Harcourt (HMH) announced the acquisition of Tribal Nova, a Montréal-based educational technology company focused on the development of digital games, products and services for pre-school children.
buyer: Houghton Mifflin Harcourt (HMHC:$1,387.60)
The world's largest provider of pre-K-12 solutions, Houghton Mifflin Harcourt collaborates with school districts, administrators, teachers, parents and students, providing interactive, results-driven learning. "
target: Tribal Nova
Tribal Nova is a leading developer and publisher of educational programs, games and apps for young children that feature many of their favorite TV characters and are accessible across several platforms.
price ($mm)
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announced 9/28/2018 via BNC Analysis

TAL Education Group, will acquire Dr. Panda Limited

synopsis: Dr. Panda, a leading developer of paid educational apps for children and the creator of the award-winning series of Dr. Panda games, announced that it was acquired by Tomorrow Advancing Life (TAL) Education Group, a leading K-12 after-school tutoring services provider in China.
buyer: TAL Education Group (TAL:$2,340.52)
Tomorrow Advancing Life (TAL) is a leading education and technology enterprise in China. Since its establishment, TAL is committed to integrating technologies and the Internet into education, to deliver a better study experience for children through K-12. "
target: Dr. Panda Limited
Dr. Panda has successfully pioneered as a global leader in the realm of children's edutainment, developing state-of-the-art applications, toys, and animations. It is one of the largest original IP independent developer of educational apps for children.
price ($mm)
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EBITDA ($mm)
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closed 10/10/2013 via PR Web

Datamark, Inc., purchased Technology Assets from Altius Education

synopsis: Datamark, the leader in data-driven enrollment marketing, announced it has acquired the technology assets of Altius Education, including its competency-based online learning platform, Helix, as well as its enrollment management and student retention platforms.
buyer: Datamark, Inc.
Datamark, Inc. operates as a marketing agency for the education industry. It offers broadcast, direct mail, print, Web, and other direct response services, as well as concept-to-print, programming, and mail services. "
seller: Altius Education
Altius Education's technology assets includes its competency-based online learning platform, Helix, as well as its enrollment management and student retention platforms.
price ($mm)
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announced 12/11/2013 via Company Press Release

Rosetta Stone Inc., will acquire Tell Me More

synopsis: Rosetta Stone Inc, a leading provider of education technology and language-learning solutions, announced it has agreed to acquire Tell Me More S.A., a global language-learning software company with significant presence throughout Europe, including France and Spain, as well as in the U.S., Latin America and China.
buyer: Rosetta Stone Inc. (RST:$188.52)
Rosetta Stone Inc. provides cutting-edge interactive technology that is changing the way the world learns languages. The company’s proprietary learning techniques are used by schools, businesses, government organizations and millions of individuals around the world. "
target: Tell Me More
Tell Me More is a global language-learning software company with significant presence throughout Europe. It delivers an engaging learning experience that combines the most innovative content with the latest in learning theory and pedagogy while leveraging state of the art technology.
price ($mm)
$29
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/29/2017 via PR Newswire

Instructure, acquired Practice XYZ, Inc.

synopsis: Instructure, Inc., a leading software-as-a-service (SaaS) technology company in education and learning and performance management, announced it has acquired Practice, an applied video microlearning solution used to sustain continuous learning cultures and drive innovation.
buyer: Instructure (INST:$245.53)
Instructure is a technology company that is focused on improving education. Instructure created Canvas, Gauge, Arc and Bridge to enable organizations everywhere to easily develop, deliver and manage engaging face-to-face and online learning experiences. "
target: Practice XYZ, Inc.
Practice is an applied video microlearning solution used to sustain continuous learning cultures and drive innovation. Organizations use Practice to create a scalable means for teams to practice skills and receive feedback through the power of peer-to-peer video assessment and coaching.
price ($mm)
$28
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/11/2013 via

manaba, purchased Sakai Division from rSmart

synopsis: Asahi Net International has acquired rSmart's learning management division, which builds solutions on the open source, community developed Sakai platform. The Sakai platform will become a part of manaba, a cloud-based collaborative learning system provided by Asahi Net International.
buyer parent: ASAHI Net, Inc.
buyer: manaba
manaba is a cloud-based collaborative learning system developed by the Internet service provider ASAHI Net, Inc. It was designed to connect students and teachers, enable students to accumulate learning evidence and elevate learning outcomes through mutual review. "
seller: rSmart
rSmart will helps clients get the most out of Sakai CLE, maximizing system usage and effectiveness with the perfect combination of online and onsite training, plus one-on-one consulting – for all types of users.
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K-20 education applications


read more

Blackboard Open LMS

Edurer Knowledge labs

Adrenna Inc.

Moodlerooms, Inc.

Paper Boat Apps

Eleva Educação

Toptrack Learning Ltd

Riverdeep Holdings Limited

AlphaSmart, Inc.

Futurewhiz BV

Squla

LoudCloud Systems

Onfire Learning LLC

MinecraftEdu

Tribal Nova

Dr. Panda Limited

Altius Education

Tell Me More

Practice XYZ, Inc.

rSmart

Geography
Matching Companies
Ticker: JP:3834
 
 
 
 
 
 
 
 
ASAHI Net, Inc.
ASAHI Net, Inc.
ASAHI Net, Inc. is a major Internet service provider based in Japan and is operated by ASAHI Net, Inc., a public company founded on April 2, 1990. ASAHI Net, Inc. has been listed on the First Section of the Tokyo Stock Exchange since December 2007.
year
2012
rev ($mm)
$80.14
EBITDA ($mm)
$20.62
EBIT ($mm)
$19.59
Net Income ($mm)
$11.63
Employees
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Ticker: JASDAQ:3933
 
 
 
 
 
 
 
 
CHIeru Co., Ltd.
CHIeru Co., Ltd.
One of CHIeru's primary goals is producing ICT environments for teaching & learning in schools. They provide software & system products reflecting new teaching methods in lecture fields such as learning management systems, e-learning systems, class support/CALL systems for active learning, etc.
year
2019
rev ($mm)
$18.73
EBITDA ($mm)
$2.46
EBIT ($mm)
$0.72
Net Income ($mm)
$0.09
Employees
89
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Ticker: TWOU
 
 
 
 
 
 
 
 
2U, Inc.
2U, Inc., formerly known as 2tor, Inc., partners with top-tier universities to deliver rigorous, selective graduate degree and undergraduate for-credit programs online.
year
2018
rev ($mm)
$411.77
EBITDA ($mm)
($13.76)
EBIT ($mm)
($46.54)
Net Income ($mm)
Employees
2626
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Ticker: OTCNO:KAHOOT
 
 
 
 
 
 
 
 
Kahoot!
Kahoot!
Kahoot! is a game-based learning platform in Norway. Kahoot! makes it easy to create, share and play fun learning games for any subject, in any language, on any device, for all ages. Kahoot! is used in a multitude of settings, including K-12 and university classrooms, corporate offices, and more.
year
2020
rev ($mm)
$30.86
EBITDA ($mm)
($16.32)
EBIT ($mm)
($17.52)
Net Income ($mm)
Employees
200
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Ticker: OTCPK:SGLD.F
 
 
 
 
 
 
 
 
Shoal Games
Shoal Games
Shoal Games is the owner of the "Rooplay" EdTech games platform. Their pioneered curated games platform brings calm, structure and accountability for children and parents in the digital world. Using a subscription model, their active learning games are designed to inspire children to success.
year
2018
rev ($mm)
$0.11
EBITDA ($mm)
($2.74)
EBIT ($mm)
($2.75)
Net Income ($mm)
Employees
11
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Ticker: TPN
 
 
 
 
 
 
 
 
3P Learning Pty Ltd.
3P Learning is a global leader in online education. 3P Learning's software blends the best pedagogy with the best technology to deliver great teaching and learning experiences. Their suite of learning resources covers mathematics, spelling and literacy. They serve 250,000 teachers in 132 countries.
year
2020
rev ($mm)
$39.72
EBITDA ($mm)
$3.16
EBIT ($mm)
$2.14
Net Income ($mm)
$1.12
Employees
250
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Ticker: OM:SUS
 
 
 
 
 
 
 
 
Surgical Science
Surgical Science is a Swedish supplier of virtual reality simulators for medical training. Their training systems for laparoscopy and endoscopy are used by medical training centers and institutes worldwide for practice, validation and certification of students, surgeons, and medical doctors.
year
2019
rev ($mm)
$7.20
EBITDA ($mm)
($0.18)
EBIT ($mm)
($0.46)
Net Income ($mm)
Employees
20
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