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M&A Deal Summary

Carnegie Learning Acquires Scientific Learning

On September 14, 2020, Carnegie Learning acquired internet software and services company Scientific Learning for 15M USD

Acquisition Highlights
  • This is Carnegie Learning’s 1st transaction in the Internet Software and Services sector.
  • This is Carnegie Learning’s largest (disclosed) transaction.
  • This is Carnegie Learning’s 3rd transaction in the United States.
  • This is Carnegie Learning’s 1st transaction in California.

M&A Deal Summary
Date 2020-09-14
Target Scientific Learning
Sector Internet Software and Services
Buyer(s) Carnegie Learning
Deal Type Add-on Acquisition
Deal Value 15M USD
Advisor(s) Cherry Tree & Associates (Financial)
Loeb & Loeb (Legal)

Target

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.

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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 3 of 6
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (California) 1 of 2
Country (United States) 3 of 5
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 New Mountain Learning

Saint Paul, Minnesota, United States

New Mountain Learning LLC is a provider of blended learning solutions to K-12 and higher education institutions across North America. With a 60+ year history, New Mountain's EMC brand develops and distributes its market-leading digital literacy platform, Passport, directly to its K-12 school district customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 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.

Buy -
Mergr

Product

Company

Legal