M&A Deal Summary

Software Technology Acquires Chalkable

On December 7, 2013, Software Technology acquired software company Chalkable for 10M USD

Acquisition Highlights
  • This is Software Technology’s 1st transaction in the Software sector.
  • This is Software Technology’s largest (disclosed) transaction.
  • This is Software Technology’s 1st transaction in the United States.
  • This is Software Technology’s 1st transaction in Alabama.
Investment Fate
  • Chalkable was divested to a consortium of strategic buyers in 2016.

M&A Deal Summary

Date 2013-12-07
Target Chalkable
Sector Software
Buyer(s) Software Technology
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Chalkable

Mobile, Alabama, United States
website
Chalkable, Inc. is a provider of education data management, student achievement and professional learning solutions to the K-12 public and private school markets. In partnership with states, districts, schools and educators, Chalkable helps students succeed by breaking down the barriers to learning across the K-12 ecosystem and facilitating collaboration, access to information, and effective use of tools to improve student performance. More than 5,000 schools in 50 states use Chalkable solutions.

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Buyer(S) 1

Buyer

Software Technology

Mobile, Alabama, United States

website


Category Company
Founded 1982
Sector Internet Software and Services
DESCRIPTION

Software Technology, Inc. is a provider of internet based data management solutions.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Chalkable

Mobile, Alabama, United States

Chalkable, Inc. is a provider of education data management, student achievement and professional learning solutions to the K-12 public and private school markets. In partnership with states, districts, schools and educators, Chalkable helps students succeed by breaking down the barriers to learning across the K-12 ecosystem and facilitating collaboration, access to information, and effective use of tools to improve student performance. More than 5,000 schools in 50 states use Chalkable solutions.

Sell -