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 Companies LLC (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. 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 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

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Company

Legal