M&A Deal Summary

Cengage Acquires Advanced Instructional Systems

On September 27, 2016, Cengage acquired internet software and services company Advanced Instructional Systems

Acquisition Highlights
  • This is Cengage’s 5th transaction in the Internet Software and Services sector.
  • This is Cengage’s 9th transaction in the United States.
  • This is Cengage’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2016-09-27
Target Advanced Instructional Systems
Sector Internet Software and Services
Buyer(s) Cengage
Deal Type Add-on Acquisition

Target

Advanced Instructional Systems

Raleigh, North Carolina, United States
Advanced Instructional Systems, Inc. (dba WebAssign) is a flexible and fully customizable online instructional system that puts powerful tools in the hands of teachers, enabling them to deploy assignments, instantly assess individual student performance and realize their teaching goals.

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Buyer(S) 1

Buyer

Cengage

Boston, Massachusetts, United States
Category Company
Founded 1994
Sector Education
Revenue 2.0B USD (2012)
DESCRIPTION

Cengage is an education and technology company that offers valuable options at affordable price points, including industry-leading initiative Cengage Unlimited, the first-of-its-kind all-access digital subscription service for higher education. The company embraces innovation to create learning experiences that build confidence and momentum toward the future students want. It also serves K-12, library, and workforce training markets around the world. Cengage was formed in 2014 and is Headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 10 of 12
Sector (Internet Software and Services) 5 of 6
Type (Add-on Acquisition) 9 of 10
State (North Carolina) 1 of 1
Country (United States) 9 of 11
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-27 Pathbrite

San Francisco, California, United States

Pathbrite, Inc. is a provider of an online solutions that help students and learners of all ages to collect, track, and showcase their achievements, and recommend pathways for success.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 Next Tech

Alameda, California, United States

Codevolve (dba as Next Tech) is a technology company that delivers hands-on computer programming training. The Company is dedicated to making it easier for people to learn technical skills and build amazing software products. Hundreds of thousands of students and top education companies around the world depend on their computing infrastructure to run code securely in the cloud. Their unique educational tools power learning experiences for computer programming, web development, data science, and many other subject areas.

Buy -
Mergr

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