Our latest 'Deal of the week' is Renaissance Learning Inc’s $650m acquisition of Nearpod Inc.
Who they are
Renaissance Learning is a US based provider of educational software who are backed by Francisco Partners. Renaissance has developed an educational platform which allows teachers to analyse students grades, what they are learning and the best way to motivate individual students. They provide this service to over a third of schools in the USA and over 100 countries globally.
Nearpod is an educational platform which interacts with all classroom technologies to provide interactive lessons, videos and activities. Nearpod is headquartered in Florida but operates in 163 countries globally.
Why the deal is a good one
- Nearpod were able to react extremely quickly to the change in learning as a result of the pandemic pivoting their platform from a classroom-based platform to a remote learning-based platform. This change in emphasis enabled Nearpod to increase their revenue by 50% during 2020.
- The acquisition of Nearpod is Renaissance’s fifth edtech acquisition since 2018 and will provide Renaissance with a further foothold in remote learning.
- The combination of Renaissance’s 20m students and Nearpod’s 1.2m teachers will provide schools with a complete learning package.
Thinking about making an acquisition?
An acquisition can help you transform your business and increase shareholder value. However, without decent advisors buying a business can be an extremely stressful process and could be a costly mistake... We've handled enough acquisitions to get you the result you want.
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