M&A Deal Summary

Follett Software Acquires LivingTree

On January 23, 2024, Follett Software acquired internet software and services company LivingTree from Barracuda Networks

Acquisition Highlights
  • This is Follett Software’s 1st transaction in the Internet Software and Services sector.
  • This is Follett Software’s 1st transaction in the United States.
  • This is Follett Software’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-01-23
Target LivingTree
Sector Internet Software and Services
Buyer(s) Follett Software
Sellers(s) Barracuda Networks
Deal Type Divestiture

Target

LivingTree

Austin, Texas, United States
LivingTree is a provider of a secure, community-wide platform for educators and parents to engage – facilitating and improving ongoing communication and student achievement. Snowflake Technologies is based in Austin, Texas.

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Buyer(S) 1

Buyer

Follett Software

McHenry, Illinois, United States
Category Company
Founded 1985
Sector Education
DESCRIPTION

Follett Software is a provider of educational materials and technology solutions to K-12 libraries, classrooms, learning centers, and school districts in the United States, and a major supplier to educational institutions worldwide. Follett Software distributes books, reference materials, digital resources, ebooks, and audiovisual materials, as well as pre-owned textbooks. Follett Software was founded in 1985 and is based in McHenry, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-18 MasterLibrary

Rochester, New York, United States

MasterLibrary provides integrated cloud-based facility management applications for K-12 school districts. With school districts in over 30 states, MasterLibrary strives to be an affordable, comprehensive, and user-friendly solution for efficient facilities management. MasterLibrary was founded in 2012 and is based in Rochester, New York.

Buy -

Seller(S) 1

SELLER

Barracuda Networks

Campbell, California, United States
Category Company
Founded 2003
Sector Internet Software and Services
Employees1,365
Revenue 277M USD (2015)
DESCRIPTION

Barracuda Networks is a provider of security, networking and storage products based on network appliances and cloud service. Barracuda simplifies IT with cloud-enabled solutions that empower customers to protect their networks, applications and data, regardless of where they reside. Barracuda Networks was founded in 2003 and is based in Campbell, California.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 SKOUT Cybersecurity

Melville, New York, United States

SKOUT Cybersecurity is a provider in cyber-as-a-service software for Managed Service Providers (MSPs) and providers of an extended detection and response (XDR) platform and service. SKOUT Cybersecurity was founded in 2014 and is based in Melville, New York.

Buy -
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