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. Advocating a belief in teaching and determination to help students develop as learners and thinkers, Carnegie Learning is seeking to re-define the role of technology across the K-16 landscape. Its mathematics and STEM division delivers a research-proven mathematics curriculum and the MATHia platform for grades 6-12, developmental math support for 2- and 4-year colleges, project-based digital solutions for STEM, and best-in-class K-12 professional learning services. Carnegie Learning was formed in 1997 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 4 of 6
Sector (Education) 3 of 4
Type (Add-on Acquisition) 3 of 4
State (Newfoundland) 1 of 1
Country (Canada) 1 of 1
Year (2021) 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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