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M&A Deal Summary

Carnegie Learning Acquires Zorbit’s Math

On April 20, 2021, Carnegie Learning acquired education company Zorbit’s Math

Acquisition Highlights
  • This is Carnegie Learning’s 3rd transaction in the Education sector.
  • This is Carnegie Learning’s 1st transaction in Canada.
  • This is Carnegie Learning’s 1st transaction in Newfoundland.

M&A Deal Summary
Date 2021-04-20
Target Zorbit’s Math
Sector Education
Buyer(s) Carnegie Learning
Deal Type Add-on Acquisition

Target

Zorbit’s Math

St. John’s, Newfoundland, Canada
Zorbit’s Math is a supplemental math software solution and curriculum that uses game-based adaptive learning to help elementary students develop a deeper understanding and positive growth mindset towards math. Zorbit’s Math was founded in 2014 and is based in St. John’s, Newfoundland.

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Buyer(S) 1

Buyer

Carnegie Learning

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1997
Sector Education
DESCRIPTION

Carnegie Learning is a comprehensive, dynamic, and progressive learning technology company. Carnegie Learning delivers powerful math, English language arts and world language software, blended learning solutions and professional learning services to over 1,500 school districts in all 50 states. Carnegie Learning was formed in 1997 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 4 of 6
Sector: Education M&A 3 of 4
Type: Add-on Acquisition M&A Deals 3 of 4
State: Newfoundland M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 Scientific Learning

Oakland, California, United States

Scientific Learning Corp. is a SaaS service provider that delivers neuroscience-based educational technologies that have been research-validated by over 250 studies, including those from Stanford, MIT, and Harvard Universities. Their programs, Fast ForWord® and Reading Assistant™, have been used by more than 2.8 million learners in more than 2,600 K-12 schools in the US, by over 500 private practice clinicians, by thousands of students via a direct-to-consumer channel, and in over 55 countries via Value Added Resellers (VAR). The Fast ForWord programs cross-train foundational language and cognitive skills necessary for rapid English language development, while Reading Assistant uses speech verification technology to provide real-time corrective feedback to students as they read and speak, in a manner similar to that of an individualized language and reading coach. Scientific Learning was founded in 1995 and is based in Oakland, California.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 MUSE Virtual

Calabasas, California, United States

MUSE Virtual is an innovative and environmentally focused, K-12 online learning platform. MUSE Virtual offers a unique and engaging, passion-based curriculum infusing core academics with non-traditional learning. MUSE Virtual is based in Calabasas, California.

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