M&A Deal Summary

Edgenuity Acquires CompassLearning

On August 1, 2016, Edgenuity acquired software company CompassLearning from Marlin Equity Partners

Acquisition Highlights
  • This is Edgenuity’s 1st transaction in the Software sector.
  • This is Edgenuity’s 2nd transaction in the United States.
  • This is Edgenuity’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-08-01
Target CompassLearning
Sector Software
Buyer(s) Edgenuity
Sellers(s) Marlin Equity Partners
Deal Type Add-on Acquisition

Target

CompassLearning

Austin, Texas, United States
CompassLearning is an educational software company that provides comprehensive supplemental curriculum software to educators and students in grades K-12. Compass’ suite of software and services provides multiple curriculum products across key subjects by grade level. CompassLearning was founded in 1969 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

Edgenuity

Scottsdale, Arizona, United States

Category Company
Founded 1998
Sector Education
DESCRIPTION

Edgenuity is a provider of core and elective instruction for students in grades 6-12, creating innovative, rigorous, standards-aligned courseware and online virtual instruction programs to prepare students for college and careers. Edgenuity was founded in 1998 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-28 Giant Campus

Seattle, Washington, United States

Giant Campus is a provider of online curriculums for technology, digital arts, business, and engineering for secondary schools.

Buy -

Seller(S) 1

SELLER

Marlin Equity Partners

Hermosa Beach, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Marlin Equity's headquarters in Hermosa Beach, California.
Marlin Equity's headquarters in Hermosa Beach, California.

Marlin Equity Partners is a private investment firm focused on acquiring distressed businesses with sales of $10 million to $2 billion. Marlin has a special interest in non-core or underperforming divisions of larger corporations, as well as companies facing some sort of financial, operational or market-related transition. Marlin is a generalist investor and will consider opportunities in technology (software, IT, payment systems, hardware, communications, internet), healthcare, consumer (apparel, retail, consumer products, food/beverage), services (business, financial, consumer, education), manufacturing (automotive, industrial, metals, plastics), aerospace, defense, and media. Marlin prefers businesses with scalable business models, strong installed customer bases, defensible market positions, and barriers to entry. Marlin Equity Partners was formed in 2005 and is based in Hermosa Beach, California with an additional office in London.


DEAL STATS #
Overall 16 of 65
Sector: Software M&A 9 of 25
Type: Add-on Acquisition M&A Deals 13 of 43
State: Texas M&A 1 of 5
Country: United States M&A 14 of 48
Year: 2016 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Tidemark

Redwood City, California, United States

Tidemark, Inc. is a Silicon Valley-based, enterprise financial planning and analytics cloud software company. Tidemark is a new breed of enterprise performance management (EPM) software with its modern cloud and mobile-first design. Innovative brands rely on the Tidemark platform and advanced analytics cloud to sharpen decision-making, reduce risk and improve business performance. Using Tidemark’s unique, intuitive apps, decision-makers across the organization gain access to valuable data, deep analytics capabilities, real-time collaboration, and actionable visualizations from any device. Tidemark has offices throughout North America and Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 QualiTest

London, United Kingdom

QualiTest is a global provider of quality assurance and software testing services. Qualitest specializes in AI-powered Digital Assurance, Automation, Performance Engineering, Cyber Security Testing, Accessibility Testing, Blockchain IOT and Drone Technology Assurance. QualiTest offers a wide variety of QA and testing services such as: Test Process Improvement, Test Automation, Performance testing, Onshore testing outsourcing, flexible testing staffing, Exploratory Testing, Scrum Testing and testing tools. QualiTest was founded in 1997 and is based in London, United Kingdom.

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