M&A Deal Summary

rSchoolToday Acquires VNN

On March 2, 2022, rSchoolToday acquired internet software and services company VNN from Arsenal Growth Equity

Acquisition Highlights
  • This is rSchoolToday’s 1st transaction in the Internet Software and Services sector.
  • This is rSchoolToday’s 1st transaction in the United States.
  • This is rSchoolToday’s 1st transaction in Michigan.

M&A Deal Summary
Date 2022-03-02
Target VNN
Sector Internet Software and Services
Buyer(s) rSchoolToday
Sellers(s) Arsenal Growth Equity
Deal Type Add-on Acquisition

Target

VNN

Grand Rapids, Michigan, United States
website
VNN is a high school sports communication platform. VNN connects high school sports experience onto a single platform for 35-million passionate parents, athletes, fans, software providers, and athletic professionals across the country. VNN is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

rSchoolToday

Winona, Minnesota, United States

website

Category Company
Founded 1993
Sector Internet Software and Services
DESCRIPTION

rSchoolToday provides cloud-hosted web-based software applications for K-12 schools, districts, colleges, universities, and educational associations in the "software as a service" (SaaS) model. rSchoolToday was founded in 1993 and is based in Winona, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Arsenal Growth Equity

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2000
Size Small
Type Sector Focused
DESCRIPTION

Arsenal Growth Equity is a growth capital firm focused on software businesses across the US. Specific areas of interest include online commerce, enterprise software, and digital health. Arsenal seeks businesses with $5 to $20 million of recurring revenue where it can commit $5 to $8 million of equity. Arsenal Growth Equity was established in 2000 and is headquartered in Winter Park, Florida.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Michigan) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 Sayari

Washington, District of Columbia, United States

Sayari is a provider of financial intelligence and supply chain risk solutions. Sayari’s data intelligence platform powers the fight against global financial crime increases corporate transparency in high-risk places and supports critical national security mission sets. Sayari was founded in 2015 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Virtual Internship

London, United Kingdom

Virtual Internships is a remote-first EdTech company that is redesigning internships for the 21st-century workforce. The platform ensures intelligent matches between students and companies, provides access to real global internships at the world’s most exciting companies, trains students before and during their internship, and unlocks a global network of relationships. Virtual Internship was founded in 2018 and is based in London, United Kingdom.

Buy -
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