Like TRA, Inc.

closed 11/21/2018 via BusinessWire

KEV Group, acquired TRA, Inc.

synopsis: KEV Group, the leading provider of cash accounting management and online payments software for K-12 schools, announced the acquisition of North Carolina-based TRA, Inc., a company that has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
buyer: KEV Group
KEV Group provides online payment, accounting and activity tracking solutions to more than 16,500 schools across North America. KEV Group’s School Cash Suite and SchoolFunds Online products help schools and school boards ensure the security and transparency of student activity funds. "
target: TRA, Inc.
Since 1988, Technology Resource Associates, Inc. (TRA) has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2011 via BusinessWire

Tyler Technologies, Inc., acquired Windsor Management Group, LLC

synopsis: Tyler Technologies, Inc., a leading provider of end-to-end information management solutions, announced that it has acquired Windsor Management Group, L.L.C., which provides an integrated suite of financial and human capital management solutions to the K-12 education market through its flagship product, Infinite Visions® enterprise software.
buyer: Tyler Technologies, Inc. (TYL:$1,134.92)
Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to enable the public sector–cities, counties, schools and other government entities–to become more efficient, more accessible, and more responsive. "
target: Windsor Management Group, LLC
Windsor Management Group, LLC provides an integrated suite of financial and human capital management solutions to the K-12 education market through its flagship product, Infinite Visions® enterprise software and iVisions™ Web Portal.
price ($mm)[EV]
$24 [$16]
rev ($mm)
$12
EBITDA ($mm)
EV / rev
1.4x
EV / EBITDA
closed 4/21/2021 via GlobeNewswire

EMS LINQ, Inc., acquired Specialized Data Systems, Inc

synopsis: EMS LINQ INC (LINQ), the premier K-12 technology company in the U.S., announced the acquisition of Specialized Data Systems, a company that provides cloud-based financial management solutions and services to school administrators.
buyer: EMS LINQ, Inc.
LINQ delivers a platform of fully-integrated solutions to help K-12 school districts manage their operations. LINQ’s platform includes solutions for finance & human resources, nutrition management, digital payments, school and district websites, custom forms including student registration, and more."
target: Specialized Data Systems, Inc
Specialized Data Systems provides cloud-based financial management solutions and services to school administrators. From accounts payable and bookkeeping to managing school employees, SDS adds valuable solutions that empower administrators to easily forecast and plan.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2021 via PR Newswire

Sylogist Ltd., acquired Wen-Gage

synopsis: Canada-based Sylogist Ltd. has acquired Municipal Accounting Systems, Inc. (MAS), a provider of student information management and accounting solutions to K-12 public school districts. MAS' Wen-GAGE platform includes advanced budgeting and accounting, comprehensive student information tracking, grading and scheduling, and lunchroom administration.
buyer: Sylogist Ltd. (TSXV:SYZ:$30.97)
Based in Canada, Sylogist is a software company that, through strategic acquisitions, investments, and operations management, provides comprehensive, mission-critical ERP and CRM solutions, including fund accounting, student information systems case management, grant management, payroll, and more. "
target: Wen-Gage
Municipal Accounting Systems is a provider of student information management and accounting solutions to K-12 public school districts. Its Wen-GAGE platform is a SaaS solution that includes advanced budgeting and accounting, student information tracking, grading and scheduling, and more.
price ($mm)
$30
rev ($mm)
$6
EBITDA ($mm)
$3
EV / rev
5.1x
EV / EBITDA
8.8x
closed 10/5/2015 via GlobeNewswire

Blackbaud, Inc., acquired SmartTuition

synopsis: Blackbaud, Inc., the leading provider of software and services for the worldwide philanthropic community, announced the acquisition of Smart Tuition. Smart Tuition is a leading provider of payment software and services for private schools and parents.
buyer: Blackbaud, Inc. (BLKB:$807.42)
Blackbaud combines innovative software and services, and expertise to help organizations achieve their missions. The company offers a full spectrum of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. "
target: SmartTuition
Smart Tuition is a leader in providing a robust student billing and payments processing platform through its SaaS school accounts receivables offering. Smart Tuition supports the educational mission of faith based schools, as well as independent private schools across the United States.
price ($mm)
$190
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/4/2014 via PR Web

NonProfitEasy, Inc., acquired Uruut

synopsis: NonProfitEasy, creator of leading-edge, all-in-one data management software for nonprofits, announces its acquisition of Uruut, a best practices fundraising platform that brings individuals, businesses, and foundations together to fund nonprofits, schools, faith based and other community organizations.
buyer: NonProfitEasy, Inc.
NonProfitEasy was born out of a need to help smaller community-based nonprofit organizations streamline the management of their businesses. They give nonprofits a cost-effective answer to juggling databases, running cumbersome reports, and troubleshooting technology issues. "
target: Uruut
Uruut offers an affordable, easy-to-use and cloud-based SaaS solution that will allow nonprofits to not only compete, but expand their donor reach and increase donations.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/16/2019 via Company Press Release

Frontline Education, acquired Accelify, LLC

synopsis: Frontline Education, a leading provider of school administration software for K-12, has acquired Accelify, a company that provides cutting-edge special education management systems designed to facilitate special education program operations and compliance and support accurate and timely Medicaid reimbursement for school districts.
buyer parent: Thoma Bravo, LLC
buyer: Frontline Education
Frontline Education is the leading provider of school administration software, empowering strategic K-12 leaders with the right tools, data and insights to proactively manage human capital, business operations and special education. "
target: Accelify, LLC
Accelify is a leading provider of special education management systems that are designed to help school districts strengthen special education operations and compliance and maximize Medicaid reimbursement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/19/2016 via BusinessWire

i3 Verticals, LLC, acquired Esber Cash Register

synopsis: i3 Verticals, a rapidly growing technology and payment processing company, acquired Esber Cash Register (ECR). ECR provides school systems in Ohio and Western Pennsylvania with a cost-effective method to host an online payment program through a secure web-based system which simplifies payment, collection and balancing of funds for school districts.
buyer: i3 Verticals, LLC (IIIV:$152.34)
i3 Verticals, LLC is a technology-centric payment company focused on providing solutions to its clients throughout the U.S. These solutions will help clients improve their operating efficiencies, enhance revenues, and streamline their payment processing functions. "
target: Esber Cash Register
Esber Cash Register provides school systems in Ohio and Western Pennsylvania with a cost-effective method to host an online payment program through a secure web-based system, which simplifies payment, collection and balancing of funds for school districts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2016 via Company Press Release

Genstar Capital LLC, acquired TADS

synopsis: Genstar Capital has acquired TADS and will be merging it with Diamond Mind to create Education Brands. TADS is the private school industry’s only provider of single-sign on, integrated web-based tuition management, enrollment, financial aid and admissions with fully supported services.
buyer: Genstar Capital LLC
Genstar Capital is a San Francisco-based private equity firm that invests in leading middle-market companies. For over 20 years, they have utilized their deep industry knowledge and extensive executive networks to create value at their companies. "
target: TADS
TADS is the private school industry’s only provider of single-sign on, integrated web-based tuition management, enrollment, financial aid and admissions with fully supported services. TADS provides cutting-edge technology to over 1,500 private and faith-based K-12 schools nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2019 via BNC Analysis

Noodle, acquired Clark

synopsis: Noodle, an education website helping parents and students make better decisions about learning, has acquired Clark, a business software solution for tutors. Clark's business management software allows users to schedule new sessions, automatically remind students of upcoming sessions, and handle all client payments.
buyer: Noodle
Noodle is an education website helping parents and students make better decisions about learning. Through its unbiased data, Noodle connects students with schools, programs, resources, experts and more. Noodle offers unbiased information on more than 700,000 education providers and resources. "
target: Clark
Clark is a business software solution for tutors. Clark provides educators with the tools they need to build successful tutoring businesses. Their business management software allows users to schedule new sessions, automatically remind students of upcoming sessions, and handle all client payments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/15/2019 via PR Newswire

Procare Software, will acquire Kinderlime

synopsis: Procare Software, a global leader in child care management solutions, announced it has signed a definitive agreement to acquire Kinderlime Inc., a leading online SaaS provider of child care management solutions.
buyer parent: TA Associates
buyer: Procare Software
Procare Software is the largest and leading provider of child care management software, integrated payment processing, technology and services. The company supports thousands of preschools, daycare centers, camps and related facilities with a broad product suite that serves the child care market. "
target: Kinderlime
Kinderlime Inc. is a leading online SaaS provider of child care management solutions. By simplifying licensing paperwork, attendance, parent billing, staffing and parent connections, Kinderlime has operationalized over 5,000 schools nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/17/2008 via PR Newswire

Innovative Solutions Group, acquired Educational Services & Products, LLC

synopsis: Innovative Solutions Group Cos., LLC has completed its purchase of the assets of Educational Services & Products, LLC and taken over all of the company's operations.
buyer: Innovative Solutions Group
Innovative Solutions Group Cos., LLC is an investment corporation soley owned and managed by Jack Goldenberg. "
target: Educational Services & Products, LLC
Educational Services & Products, LLC (ESP) is the fastest growing School District Medicaid Billing Agent in the country. ESP has also developed the Student Tracking And Reporting System a state-of-the-art, Web-based management information system for School Districts’ Special Education programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2019 via BusinessWire

SchoolMint, acquired Smart Choice Technologies, Inc.

synopsis: SchoolMint announced that it has completed an acquisition of Smart Choice Technologies from Firefly Digital. Through this acquisition, SchoolMint will extend its position as the leading provider of enrollment management solutions to educators at districts, charter management organizations (CMOs) and charter schools throughout the United States.
buyer parent: BV Investment Partners
buyer: SchoolMint
SchoolMint provides a cloud-based student enrollment and school choice platform to PreK-12 school systems worldwide. Schools choose SchoolMint to streamline all aspects of student enrollment – student registration management, application, lottery, school choice management and document uploads. "
target parent: Firefly Digital
target: Smart Choice Technologies, Inc.
Smart Choice is a powerful preK-12 admissions platform. It is an online student registration and school choice management software solution for public and private schools, magnet and charter schools, gifted & talented programs, early childhood education programs and other special programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/31/2018 via PR Newswire

Livingtree, acquired EdBacker

synopsis: LivingTree, the private, safe and secure engagement platform, announced that it has acquired district fundraising tool, Edbacker. Edbacker offers a district-wide online fundraising platform to connect parents, corporations and districts to address America's education funding gap.
buyer: Livingtree
LivingTree's mission is to connect the people who raise, develop, and educate our children. Through its fundraising platform LivingTree Giving and teacher based messaging app LivingTree Messenger, LivingTree aims to better serve and connect school communities. "
target: EdBacker
EdBacker offers a district-wide online fundraising platform to connect parents, corporations and districts to address America's education funding gap. EdBacker's fundraising solution eliminates unwanted surprises with one account for all transactions and a single district site for all fundraising.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2018 via PR Web

Billhighway, acquired GreekBill

synopsis: Billhighway has acquired greekbill to create a partnership that expands and enhances the financial services and technology offered to the Greek community. Since their founding, Billhighway and greekbill have both built powerful technology platforms to support fraternal organizations.
buyer parent: Kohlberg Kravis Roberts & Co.
buyer: Billhighway
Billhighway is a leader in simplifying chapter finances for fraternity and sorority organizations. They help chapters take control of their finances to increase visibility across the entire organization, increase revenue and collections, all while saving the organization time and resources. "
target: GreekBill
GreekBill is a leading internet application company catering to the Greek market to assist them with their financial and communications needs. They provide fraternities and sororities nationwide with billing, collections, online payment processing, budgeting, alumni donation web pages and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/28/2020 via PR Newswire

TriNet Group, Inc., acquired Little Bird HR

synopsis: TriNet Group Inc., a leading provider of comprehensive human resources solutions for small to midsize businesses, has acquired Little Bird HR, a Professional Employer Organization specializing in benefits and human resource solutions for the educational institution industry in the Greater New York area & East Coast regions.
buyer: TriNet Group, Inc. (TNET:$3,983.00)
TriNet provides small and medium-sized businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, and real-time technology. "
target: Little Bird HR
Little Bird is the first fully integrated HR platform built exclusively for the public charter school movement. Little Bird allows schools to manage all of their HR administrative functions, from pre-hire to retire, in one, easy-to-use, cloud-based system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/25/2018 via BNC Analysis

PennSpring Capital, acquired Professional Systems Software & Technology

synopsis: Professional Systems Software & Technology (PSST), a national software firm that provides data integration solutions for school districts and municipalities, announced that it has been acquired by PennSpring Capital (PennSpring). PennSpring is a leading lower middle market private equity firm.
buyer: PennSpring Capital
PennSpring Capital unlocks liquidity, empowers growth and elevates executive careers. Based in Pennsylvania, PennSpring is a people-forward private equity investment firm focused on lower middle market opportunities, investing in dynamic firms and helping evolve them to institutional scale. "
target: Professional Systems Software & Technology
Professional Systems Software & Technology (PSST) provides database integration solutions that help school systems, municipalities and businesses increase the efficiency and effectiveness of their human resources, finance and payroll functions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2016 via BusinessWire

PeopleAdmin, Inc., acquired TeacherMatch

synopsis: PeopleAdmin, the leader in talent management software for education, announced that it has acquired TeacherMatch. The company provides cloud-based recruitment, screening, professional development, and workforce planning solutions for K-12 school districts, and offers the only data-driven, research-based and analytically teacher assessment tool.
buyer parent: Vista Equity Partners
buyer: PeopleAdmin, Inc.
PeopleAdmin is the leading provider of cloud-based talent management solutions for education and government. Its software enables clients to streamline the hiring process, onboard new employees, efficiently manage positions and employee performance. "
target parent: Prairie Capital
target: TeacherMatch
TeacherMatch provides cloud-based recruitment, screening, professional development, and workforce planning solutions for K-12 school districts, and offers the only data-driven, research-based and analytically predictive teacher assessment tool, called the Educators Professional Inventory (EPI)®.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2014 via Company Press Release

Frontline Technologies Group LLC, acquired Aspex Solutions

synopsis: Frontline Technologies, a provider of web-based tools for the K-12 education market announced that it acquired Aspex Solutions, the provider of AppliTrack talent management suite. AppliTrack is a suite of tools used to manage and automate each process related to the employment lifecycle of education professionals from recruit and hire to retire.
buyer parent: Insight Venture Partners
buyer: Frontline Technologies Group LLC
Frontline Technologies provides web-based solutions for the K-12 education industry, primarily focusing on human capital management. Frontline first entered the K-12 market in 1998 with Aesop, the first automated substitute placement and absence management system to offer both the phone and web. "
target: Aspex Solutions
Aspex Solutions strives to be a leader in software-as-a-service systems for school districts, park districts, municipalities and corporations. All of their systems are web-based and come with lifetime service agreements.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/15/2013 via Company Press Release

Civica Group PLC, will acquire Corero Resource

synopsis: Corero Network Security plc has announced that it has entered into a conditional agreement to sell its subsidiary, Corero Business Systems to Civica UK Limited. Corero Business Systems Ltd. develops modular accounting, management information system, and business management software solutions for academies, schools and other businesses.
buyer parent: OMERS Private Equity
buyer: Civica Group PLC
Civica is an international market leader in specialist systems and business process services for organizations. They apply software, cloud-based services and outsourcing to facilitate a wide range of business processes. "
target parent: Corero Network Security plc
target: Corero Resource
Corero Resource is one of the UK’s leading suppliers of financial management software to academies, schools and businesses.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/21/2018 via BusinessWire

KEV Group, acquired TRA, Inc.

synopsis: KEV Group, the leading provider of cash accounting management and online payments software for K-12 schools, announced the acquisition of North Carolina-based TRA, Inc., a company that has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
buyer: KEV Group
KEV Group provides online payment, accounting and activity tracking solutions to more than 16,500 schools across North America. KEV Group’s School Cash Suite and SchoolFunds Online products help schools and school boards ensure the security and transparency of student activity funds. "
target: TRA, Inc.
Since 1988, Technology Resource Associates, Inc. (TRA) has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/21/2018 via BusinessWire

KEV Group, acquired TRA, Inc.

synopsis: KEV Group, the leading provider of cash accounting management and online payments software for K-12 schools, announced the acquisition of North Carolina-based TRA, Inc., a company that has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
buyer: KEV Group
KEV Group provides online payment, accounting and activity tracking solutions to more than 16,500 schools across North America. KEV Group’s School Cash Suite and SchoolFunds Online products help schools and school boards ensure the security and transparency of student activity funds. "
target: TRA, Inc.
Since 1988, Technology Resource Associates, Inc. (TRA) has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/21/2018 via BusinessWire

KEV Group, acquired TRA, Inc.

synopsis: KEV Group, the leading provider of cash accounting management and online payments software for K-12 schools, announced the acquisition of North Carolina-based TRA, Inc., a company that has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
buyer: KEV Group
KEV Group provides online payment, accounting and activity tracking solutions to more than 16,500 schools across North America. KEV Group’s School Cash Suite and SchoolFunds Online products help schools and school boards ensure the security and transparency of student activity funds. "
target: TRA, Inc.
Since 1988, Technology Resource Associates, Inc. (TRA) has developed and provided quality cloud-based school activity fund accounting software and related services for the K-12 school system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/21/2021 via GlobeNewswire

EMS LINQ, Inc., acquired Specialized Data Systems, Inc

synopsis: EMS LINQ INC (LINQ), the premier K-12 technology company in the U.S., announced the acquisition of Specialized Data Systems, a company that provides cloud-based financial management solutions and services to school administrators.
buyer: EMS LINQ, Inc.
LINQ delivers a platform of fully-integrated solutions to help K-12 school districts manage their operations. LINQ’s platform includes solutions for finance & human resources, nutrition management, digital payments, school and district websites, custom forms including student registration, and more."
target: Specialized Data Systems, Inc
Specialized Data Systems provides cloud-based financial management solutions and services to school administrators. From accounts payable and bookkeeping to managing school employees, SDS adds valuable solutions that empower administrators to easily forecast and plan.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/18/2021 via PR Newswire

Sylogist Ltd., acquired Wen-Gage

synopsis: Canada-based Sylogist Ltd. has acquired Municipal Accounting Systems, Inc. (MAS), a provider of student information management and accounting solutions to K-12 public school districts. MAS' Wen-GAGE platform includes advanced budgeting and accounting, comprehensive student information tracking, grading and scheduling, and lunchroom administration.
buyer: Sylogist Ltd. (TSXV:SYZ:$30.97)
Based in Canada, Sylogist is a software company that, through strategic acquisitions, investments, and operations management, provides comprehensive, mission-critical ERP and CRM solutions, including fund accounting, student information systems case management, grant management, payroll, and more. "
target: Wen-Gage
Municipal Accounting Systems is a provider of student information management and accounting solutions to K-12 public school districts. Its Wen-GAGE platform is a SaaS solution that includes advanced budgeting and accounting, student information tracking, grading and scheduling, and more.
price ($mm)
$30
rev ($mm)
$6
EBITDA ($mm)
$3
EV / rev
5.1x
EV / EBITDA
8.8x
closed 10/16/2019 via Company Press Release

Frontline Education, acquired Accelify, LLC

synopsis: Frontline Education, a leading provider of school administration software for K-12, has acquired Accelify, a company that provides cutting-edge special education management systems designed to facilitate special education program operations and compliance and support accurate and timely Medicaid reimbursement for school districts.
buyer parent: Thoma Bravo, LLC
buyer: Frontline Education
Frontline Education is the leading provider of school administration software, empowering strategic K-12 leaders with the right tools, data and insights to proactively manage human capital, business operations and special education. "
target: Accelify, LLC
Accelify is a leading provider of special education management systems that are designed to help school districts strengthen special education operations and compliance and maximize Medicaid reimbursement.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/19/2016 via BusinessWire

i3 Verticals, LLC, acquired Esber Cash Register

synopsis: i3 Verticals, a rapidly growing technology and payment processing company, acquired Esber Cash Register (ECR). ECR provides school systems in Ohio and Western Pennsylvania with a cost-effective method to host an online payment program through a secure web-based system which simplifies payment, collection and balancing of funds for school districts.
buyer: i3 Verticals, LLC (IIIV:$152.34)
i3 Verticals, LLC is a technology-centric payment company focused on providing solutions to its clients throughout the U.S. These solutions will help clients improve their operating efficiencies, enhance revenues, and streamline their payment processing functions. "
target: Esber Cash Register
Esber Cash Register provides school systems in Ohio and Western Pennsylvania with a cost-effective method to host an online payment program through a secure web-based system, which simplifies payment, collection and balancing of funds for school districts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/14/2011 via BusinessWire

Tyler Technologies, Inc., acquired Windsor Management Group, LLC

synopsis: Tyler Technologies, Inc., a leading provider of end-to-end information management solutions, announced that it has acquired Windsor Management Group, L.L.C., which provides an integrated suite of financial and human capital management solutions to the K-12 education market through its flagship product, Infinite Visions® enterprise software.
buyer: Tyler Technologies, Inc. (TYL:$1,134.92)
Tyler Technologies is a leading provider of end-to-end information management solutions and services for local governments. Tyler partners with clients to enable the public sector–cities, counties, schools and other government entities–to become more efficient, more accessible, and more responsive. "
target: Windsor Management Group, LLC
Windsor Management Group, LLC provides an integrated suite of financial and human capital management solutions to the K-12 education market through its flagship product, Infinite Visions® enterprise software and iVisions™ Web Portal.
price ($mm)[EV]
$24 [$16]
rev ($mm)
$12
EBITDA ($mm)
EV / rev
1.4x
EV / EBITDA
closed 10/5/2015 via GlobeNewswire

Blackbaud, Inc., acquired SmartTuition

synopsis: Blackbaud, Inc., the leading provider of software and services for the worldwide philanthropic community, announced the acquisition of Smart Tuition. Smart Tuition is a leading provider of payment software and services for private schools and parents.
buyer: Blackbaud, Inc. (BLKB:$807.42)
Blackbaud combines innovative software and services, and expertise to help organizations achieve their missions. The company offers a full spectrum of cloud and on-premise solutions, as well as a resource network that empowers and connects organizations of all sizes. "
target: SmartTuition
Smart Tuition is a leader in providing a robust student billing and payments processing platform through its SaaS school accounts receivables offering. Smart Tuition supports the educational mission of faith based schools, as well as independent private schools across the United States.
price ($mm)
$190
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/7/2016 via Company Press Release

Genstar Capital LLC, acquired TADS

synopsis: Genstar Capital has acquired TADS and will be merging it with Diamond Mind to create Education Brands. TADS is the private school industry’s only provider of single-sign on, integrated web-based tuition management, enrollment, financial aid and admissions with fully supported services.
buyer: Genstar Capital LLC
Genstar Capital is a San Francisco-based private equity firm that invests in leading middle-market companies. For over 20 years, they have utilized their deep industry knowledge and extensive executive networks to create value at their companies. "
target: TADS
TADS is the private school industry’s only provider of single-sign on, integrated web-based tuition management, enrollment, financial aid and admissions with fully supported services. TADS provides cutting-edge technology to over 1,500 private and faith-based K-12 schools nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/18/2019 via BNC Analysis

Noodle, acquired Clark

synopsis: Noodle, an education website helping parents and students make better decisions about learning, has acquired Clark, a business software solution for tutors. Clark's business management software allows users to schedule new sessions, automatically remind students of upcoming sessions, and handle all client payments.
buyer: Noodle
Noodle is an education website helping parents and students make better decisions about learning. Through its unbiased data, Noodle connects students with schools, programs, resources, experts and more. Noodle offers unbiased information on more than 700,000 education providers and resources. "
target: Clark
Clark is a business software solution for tutors. Clark provides educators with the tools they need to build successful tutoring businesses. Their business management software allows users to schedule new sessions, automatically remind students of upcoming sessions, and handle all client payments.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/15/2019 via PR Newswire

Procare Software, will acquire Kinderlime

synopsis: Procare Software, a global leader in child care management solutions, announced it has signed a definitive agreement to acquire Kinderlime Inc., a leading online SaaS provider of child care management solutions.
buyer parent: TA Associates
buyer: Procare Software
Procare Software is the largest and leading provider of child care management software, integrated payment processing, technology and services. The company supports thousands of preschools, daycare centers, camps and related facilities with a broad product suite that serves the child care market. "
target: Kinderlime
Kinderlime Inc. is a leading online SaaS provider of child care management solutions. By simplifying licensing paperwork, attendance, parent billing, staffing and parent connections, Kinderlime has operationalized over 5,000 schools nationwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/17/2008 via PR Newswire

Innovative Solutions Group, acquired Educational Services & Products, LLC

synopsis: Innovative Solutions Group Cos., LLC has completed its purchase of the assets of Educational Services & Products, LLC and taken over all of the company's operations.
buyer: Innovative Solutions Group
Innovative Solutions Group Cos., LLC is an investment corporation soley owned and managed by Jack Goldenberg. "
target: Educational Services & Products, LLC
Educational Services & Products, LLC (ESP) is the fastest growing School District Medicaid Billing Agent in the country. ESP has also developed the Student Tracking And Reporting System a state-of-the-art, Web-based management information system for School Districts’ Special Education programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/20/2019 via BusinessWire

SchoolMint, acquired Smart Choice Technologies, Inc.

synopsis: SchoolMint announced that it has completed an acquisition of Smart Choice Technologies from Firefly Digital. Through this acquisition, SchoolMint will extend its position as the leading provider of enrollment management solutions to educators at districts, charter management organizations (CMOs) and charter schools throughout the United States.
buyer parent: BV Investment Partners
buyer: SchoolMint
SchoolMint provides a cloud-based student enrollment and school choice platform to PreK-12 school systems worldwide. Schools choose SchoolMint to streamline all aspects of student enrollment – student registration management, application, lottery, school choice management and document uploads. "
target parent: Firefly Digital
target: Smart Choice Technologies, Inc.
Smart Choice is a powerful preK-12 admissions platform. It is an online student registration and school choice management software solution for public and private schools, magnet and charter schools, gifted & talented programs, early childhood education programs and other special programs.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2018 via PR Web

Billhighway, acquired GreekBill

synopsis: Billhighway has acquired greekbill to create a partnership that expands and enhances the financial services and technology offered to the Greek community. Since their founding, Billhighway and greekbill have both built powerful technology platforms to support fraternal organizations.
buyer parent: Kohlberg Kravis Roberts & Co.
buyer: Billhighway
Billhighway is a leader in simplifying chapter finances for fraternity and sorority organizations. They help chapters take control of their finances to increase visibility across the entire organization, increase revenue and collections, all while saving the organization time and resources. "
target: GreekBill
GreekBill is a leading internet application company catering to the Greek market to assist them with their financial and communications needs. They provide fraternities and sororities nationwide with billing, collections, online payment processing, budgeting, alumni donation web pages and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/25/2018 via BNC Analysis

PennSpring Capital, acquired Professional Systems Software & Technology

synopsis: Professional Systems Software & Technology (PSST), a national software firm that provides data integration solutions for school districts and municipalities, announced that it has been acquired by PennSpring Capital (PennSpring). PennSpring is a leading lower middle market private equity firm.
buyer: PennSpring Capital
PennSpring Capital unlocks liquidity, empowers growth and elevates executive careers. Based in Pennsylvania, PennSpring is a people-forward private equity investment firm focused on lower middle market opportunities, investing in dynamic firms and helping evolve them to institutional scale. "
target: Professional Systems Software & Technology
Professional Systems Software & Technology (PSST) provides database integration solutions that help school systems, municipalities and businesses increase the efficiency and effectiveness of their human resources, finance and payroll functions.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2016 via BusinessWire

PeopleAdmin, Inc., acquired TeacherMatch

synopsis: PeopleAdmin, the leader in talent management software for education, announced that it has acquired TeacherMatch. The company provides cloud-based recruitment, screening, professional development, and workforce planning solutions for K-12 school districts, and offers the only data-driven, research-based and analytically teacher assessment tool.
buyer parent: Vista Equity Partners
buyer: PeopleAdmin, Inc.
PeopleAdmin is the leading provider of cloud-based talent management solutions for education and government. Its software enables clients to streamline the hiring process, onboard new employees, efficiently manage positions and employee performance. "
target parent: Prairie Capital
target: TeacherMatch
TeacherMatch provides cloud-based recruitment, screening, professional development, and workforce planning solutions for K-12 school districts, and offers the only data-driven, research-based and analytically predictive teacher assessment tool, called the Educators Professional Inventory (EPI)®.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2014 via Company Press Release

Frontline Technologies Group LLC, acquired Aspex Solutions

synopsis: Frontline Technologies, a provider of web-based tools for the K-12 education market announced that it acquired Aspex Solutions, the provider of AppliTrack talent management suite. AppliTrack is a suite of tools used to manage and automate each process related to the employment lifecycle of education professionals from recruit and hire to retire.
buyer parent: Insight Venture Partners
buyer: Frontline Technologies Group LLC
Frontline Technologies provides web-based solutions for the K-12 education industry, primarily focusing on human capital management. Frontline first entered the K-12 market in 1998 with Aesop, the first automated substitute placement and absence management system to offer both the phone and web. "
target: Aspex Solutions
Aspex Solutions strives to be a leader in software-as-a-service systems for school districts, park districts, municipalities and corporations. All of their systems are web-based and come with lifetime service agreements.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/28/2020 via PR Newswire

TriNet Group, Inc., acquired Little Bird HR

synopsis: TriNet Group Inc., a leading provider of comprehensive human resources solutions for small to midsize businesses, has acquired Little Bird HR, a Professional Employer Organization specializing in benefits and human resource solutions for the educational institution industry in the Greater New York area & East Coast regions.
buyer: TriNet Group, Inc. (TNET:$3,983.00)
TriNet provides small and medium-sized businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, and real-time technology. "
target: Little Bird HR
Little Bird is the first fully integrated HR platform built exclusively for the public charter school movement. Little Bird allows schools to manage all of their HR administrative functions, from pre-hire to retire, in one, easy-to-use, cloud-based system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/26/2019 via GlobeNewswire

EMS LINQ, Inc., acquired SchoolFinance

synopsis: EMS LINQ INC, a complete and integrated administrative software solution for K-12 schools and districts, announced it has recently acquired SchoolFinance of Optimal Solutions, Inc., a Michigan-based financial management system for K-12 schools.
buyer: EMS LINQ, Inc.
LINQ delivers a full suite of integrated solutions, including analytics, to help K-12 school districts better manage their operations. LINQ’s platform includes solutions for finance & HR, school and district websites, custom forms including student registration, and document management. "
target parent: Optimal Solutions
target: SchoolFinance
SchoolFinance is a Michigan-based financial management system for K-12 schools. The SchoolFinance software delivers features like general ledger, accounts payable/receiving, budget estimations, payroll, human resources, benefits administration, time and attendance, time clock system and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/15/2013 via Company Press Release

Civica Group PLC, will acquire Corero Resource

synopsis: Corero Network Security plc has announced that it has entered into a conditional agreement to sell its subsidiary, Corero Business Systems to Civica UK Limited. Corero Business Systems Ltd. develops modular accounting, management information system, and business management software solutions for academies, schools and other businesses.
buyer parent: OMERS Private Equity
buyer: Civica Group PLC
Civica is an international market leader in specialist systems and business process services for organizations. They apply software, cloud-based services and outsourcing to facilitate a wide range of business processes. "
target parent: Corero Network Security plc
target: Corero Resource
Corero Resource is one of the UK’s leading suppliers of financial management software to academies, schools and businesses.
price ($mm)
$20
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/14/2005 via PR Newswire

VerticalBuyer, Inc., merged with Computer Software Innovations, Inc.

synopsis: VerticalBuyer, Inc. announced that it has completed its anticipated merger with Computer Software Innovations, Inc., a South Carolina corporation. CSI, organized in 1989 and privately held, develops proprietary fund accounting software applications and provides network integration solutions for local governments and education institutions.
buyer: VerticalBuyer, Inc.
VerticalBuyer, a Delaware corporation, has been maintained as a corporate shell since it discontinued operations in September 2001. It is publicly held and reports to the Securities and Exchange Commission under Section 15(d) of the Securities Exchange Act of 1934, as will the merged entity. By mer "
target: Computer Software Innovations, Inc. (CSWI:$55.05)
Computer Software Innovations, Inc. develops proprietary fund accounting software applications and provides network integration solutions for local government and education.
price ($mm)
$15
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

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