M&A Deal Summary

Illuminate Education Acquires FastBridge Learning

On June 25, 2019, Illuminate Education acquired education company FastBridge Learning

Acquisition Highlights
  • This is Illuminate Education’s 6th transaction in the Education sector.
  • This is Illuminate Education’s 6th transaction in the United States.
  • This is Illuminate Education’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-06-25
Target FastBridge Learning
Sector Education
Buyer(s) Illuminate Education
Deal Type Add-on Acquisition

Target

FastBridge Learning

Minneapolis, Minnesota, United States
FastBridge Learning LLC is a research-driven assessment platform that transforms the way teachers measure and monitor student progress. FastBridge Learning believe teachers deserve the best tools to help students stay on track, and strive to transform the way teachers assess and address the learning needs of students by providing one simple solution for faster results that are proven effective.

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Buyer(S) 1

Buyer

Illuminate Education

Irvine, California, United States
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

Illuminate Education is a provider of K-12 software and services. An educator perspective drives all of Illuminate’s solutions, which are designed to maximize instructional time, streamline educator tasks and support data-driven decision-making. Illuminate’s award-winning Education Intelligence Platform consists of a product suite featuring data, analytics, assessments and reporting. Illuminate Education was founded in 2009 and is based in Irvine, California.

DEAL STATS #
Overall 6 of 6
Sector (Education) 6 of 6
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 6 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Key Data Systems

Lake Elsinore, California, United States

Key Data Systems is an educational research and content company serving K-12 educators by providing highly curated industry-leading item banks and a suite of over 500 pre-built formative assessments and solutions that combine rigor, innovation, and integrity. In 2017, KDS joined forces with Fluence Learning and Progress Testing to form the largest collection of formative assessment items in the education industry to inform instruction for increased student learning. KDS currently supports close to 12.5 million students in 43 states.

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