M&A Deal Summary

Imagine Learning Acquires Imagine Learning

On April 7, 2014, Imagine Learning acquired software company Imagine Learning from Sorenson Capital

Acquisition Highlights
  • This is Imagine Learning’s 1st transaction in the Software sector.
  • This is Imagine Learning’s 2nd transaction in the United States.
  • This is Imagine Learning’s 1st transaction in Utah.

M&A Deal Summary

Date 2014-04-07
Target Imagine Learning
Sector Software
Buyer(s) Imagine Learning
Sellers(s) Sorenson Capital
Deal Type Secondary Buyout

Target

Imagine Learning

Provo, Utah, United States
website
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.

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Buyer(S) 1

Buyer

Imagine Learning

Stamford, Connecticut, United States

website


Category Company
Founded 2010
Sector Education
DESCRIPTION

Imagine Learning operates a platform of digital and SaaS educational solution businesses and makes control investments in high potential businesses in the education industry. By attracting highly motivated and distinctly talented professionals, Imagine Learning looks to accelerate growth through an obsessive focus on enhancing the customer experience, operational excellence, marketing expertise, and disciplined financial management. Imagine Learning was formed in 2010 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 2 of 10
Sector (Software) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Utah) 1 of 1
Country (United States) 2 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Generation Ready

New York, New York, United States

Generation Ready is a provider of professional learning services that uniquely combines deep instructional job-embedded expertise, innovative technology tools, and a targeted digital content library that ensures sustained professional growth and improved student learning.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-20 Intellify Learning

Boston, Massachusetts, United States

Intellify Learning is a cloud-based platform that provides learning analytics and data management services to collect, measure, store, access, distribute and visualize learning metrics.

Buy -

Seller(S) 1

SELLER

Sorenson Capital

Lehi, Utah, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sorenson Capital is a private equity firm that seeks to support buyout and growth capital financings of lower middle-market companies. Sorenson invests across a broad range of industries and generally pursues companies with significant market share, high barriers to entry, fragmented industry competition, motivated managment, and sustainable pricing and profit margins. Target businesses typically have sales of $30 to $300 million with earnings of $3 to $25 million. Sorenson's geographic preference is for opportunities in the Mountain West and West Coast regions of the US. Sorenson raised its inaugural fund in 2004 and is based in Salt Lake City, Utah.


DEAL STATS #
Overall 12 of 29
Sector (Software) 1 of 3
Type (Secondary Buyout) 3 of 6
State (Utah) 5 of 13
Country (United States) 11 of 28
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-22 Nexmo

San Francisco, California, United States

Nexmo, Inc. is a cloud communications platform providing innovative communication APIs for voice, text, messaging and phone verification services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 Goal Zero

Bluffdale, Utah, United States

Goal Zero Corp. is an innovator of portable solar power systems that power a variety of electronic devices anywhere and at anytime. Providing a perfect blend of portability, power, and ease-of-use, their products feature full solar energy systems – solar panels, power packs and accessories – each designed to work together.

Sell -