M&A Deal Summary

Finalsite Acquires Blackboard K-12

On September 15, 2022, Finalsite acquired education company Blackboard K-12 from Blackboard

Acquisition Highlights
  • This is Finalsite’s 2nd transaction in the Education sector.
  • This is Finalsite’s 4th transaction in the United States.
  • This is Finalsite’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-09-15
Target Blackboard K-12
Sector Education
Buyer(s) Finalsite
Sellers(s) Blackboard
Deal Type Divestiture

Target

Blackboard K-12

Reston, Virginia, United States
Blackboard K-12 Engagement solutions include Blackboard Web Community Manager, Blackboard Connect, Blackboard Reach, Blackboard Mass Notifications, and the Blackboard Mobile Communications App, which primarily serves public K-12 districts and schools. Blackboard K-12 is based in Reston, Virginia.

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Buyer(S) 1

Buyer

Finalsite

Glastonbury, Connecticut, United States
Category Company
Founded 1998
Sector Internet Software and Services
DESCRIPTION

Finalsite is a SaaS-based learning and communications platform for K-12 independent and public schools and higher education institutions in the U.S. and internationally. The platform manages all aspects of a school’s web presence and facilitates the distribution of digital content across school communities and in classrooms via a proprietary, SaaS-based software suite accessed through desktops and mobile devices. Finalsite was founded in 1998 and is based in Glastonbury, Connecticut.

DEAL STATS #
Overall 5 of 5
Sector (Education) 2 of 2
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 SchoolPointe

Columbus, Ohio, United States

SchoolPointe is a K-12 public school website and mobile app provider. SchoolPointe was founded in 2002 and is based in Columbus, Ohio.

Buy -

Seller(S) 1

SELLER

Blackboard

Reston, Virginia, United States
Category Company
Founded 1997
Sector Software
Employees1,780
DESCRIPTION

Blackboard is a global educational software company that allows thousands of higher education, K-12, professional, corporate and government organizations to extend teaching, learning and campus communication online to millions of students, parents and teachers. Blackboard was founded in 1997 and is based in Reston, Virginia.

DEAL STATS #
Overall 4 of 4
Sector (Education) 1 of 1
Type (Divestiture) 4 of 4
State (Virginia) 2 of 2
Country (United States) 4 of 4
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Blackboard Collaborate

Virginia, United States

Blackboard Collaborate is a synchronous virtual classroom space serving over 10 million users across more than 1,300 institutions in over 75 countries worldwide.

Sell -
Mergr

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