M&A Deal Summary

Cengage Acquires Infosec

On January 31, 2022, Cengage acquired information technology company Infosec for 191M USD

Acquisition Highlights
  • This is Cengage’s 1st transaction in the Information Technology sector.
  • This is Cengage’s largest (disclosed) transaction.
  • This is Cengage’s 11th transaction in the United States.
  • This is Cengage’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2022-01-31
Target Infosec
Sector Information Technology
Buyer(s) Cengage
Deal Type Add-on Acquisition
Deal Value 191M USD
Advisor(s) Daiwa Corporate Advisory Ltd. (DC Advisory) (Financial)

Target

Infosec

Madison, Wisconsin, United States
Infosec is a cybersecurity education company helping IT and security professionals advance their careers and empowering employees to be cyber-safe at work and home. Infosec's mission is to equip individuals and organizations with the knowledge and skills to confidently outsmart cybercrime. Infosec was founded in 2004 and is headquartered in Madison, Wisconsin.

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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 12 of 12
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 10 of 10
State (Wisconsin) 1 of 1
Country (United States) 11 of 11
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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.

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