M&A Deal Summary

Cengage Learning Acquires Infosec

On January 31, 2022, Cengage Learning, Inc. acquired information technology company Infosec, Inc. for 191M USD

Acquisition Highlights
  • This is Cengage Learning’s 1st transaction in the Information Technology sector.
  • This is Cengage Learning’s 1st largest (disclosed) transaction.
  • This is Cengage Learning’s 11th transaction in the United States.
  • This is Cengage Learning’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2022-01-31
Target Infosec, Inc.
Sector Information Technology
Buyer(s) Cengage Learning, Inc.
Deal Type Add-on Acquisition
Deal Value 191M USD
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)


Infosec, Inc.

Madison, Wisconsin, United States
Infosec is a cybersecurity education company helping IT and security professionals advance their careers and empowering employees to be cyber-safe at work and home. Infosec's mission is to equip individuals and organizations with the knowledge and skills to confidently outsmart cybercrime. Infosec was founded in 2004 and is headquartered in Madison, Wisconsin.

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Buyer(S) 1


Cengage Learning, Inc.

Boston, Massachusetts, United States


Category Company
Founded 1994
Revenue 2.0B USD (2012)

Cengage is an education and technology company that offers valuable options at affordable price points, including industry-leading initiative Cengage Unlimited, the first-of-its-kind all-access digital subscription service for higher education. The company embraces innovation to create learning experiences that build confidence and momentum toward the future students want. It also serves K-12, library, and workforce training markets around the world. Cengage was formed in 2014 and is Headquartered in Boston, Massachusetts.

Overall 12 of 12
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Wisconsin) 1 of 1
Country (United States) 11 of 11
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
2018-10-18 Codevolve

Alameda, California, United States

Codevolve (dba as Next Tech) is a technology company that delivers hands-on computer programming training. The Company is dedicated to making it easier for people to learn technical skills and build amazing software products. Hundreds of thousands of students and top education companies around the world depend on their computing infrastructure to run code securely in the cloud. Their unique educational tools power learning experiences for computer programming, web development, data science, and many other subject areas.

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