M&A Deal Summary

Illuminate Education Acquires IO Education

On July 3, 2018, Illuminate Education acquired education company IO Education from LLR Partners

Acquisition Highlights
  • This is Illuminate Education’s 5th transaction in the Education sector.
  • This is Illuminate Education’s 5th transaction in the United States.
  • This is Illuminate Education’s 1st transaction in Georgia.

M&A Deal Summary
Date 2018-07-03
Target IO Education
Sector Education
Buyer(s) Illuminate Education
Sellers(s) LLR Partners
Deal Type Merger

Target

IO Education

Atlanta, Georgia, United States
IO Education LLC engages in the education technology industry for over 18 years, IO Education is on a mission to empower educators through data to improve educational outcomes. IO Education’s award-winning solutions are used in all 50 states by over 7,500 schools and 120,000 educators, supporting instruction for over 6,000,000 students. IO Education LLC was founded in 1997 and is headquartered in Atlanta, Georgia.

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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 5 of 6
Sector (Education) 5 of 6
Type (Merger) 4 of 4
State (Georgia) 1 of 1
Country (United States) 5 of 6
Year (2018) 4 of 4
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 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.

Buy -

Seller(S) 1

SELLER

LLR Partners

Philadelphia, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 44 of 76
Sector (Education) 2 of 4
Type (Merger) 4 of 7
State (Georgia) 2 of 2
Country (United States) 43 of 75
Year (2018) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-11 PhishLabs

Charleston, South Carolina, United States

PhishLabs is a provider of 24/7 managed security services that protect against phishing attacks. PhishLabs delivers curated threat intelligence and complete threat mitigation across the digital risk landscape. PhishLabs was founded in 2008 and is based in Charleston, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 SICOM Systems

Doylestown, Pennsylvania, United States

SICOM Systems, Inc. is a provider of end-to-end solutions for quick service and fast casual restaurants. SICOM offers front-of-house solutions (i.e. Digital Menu Boards, Point-of-Sale (POS) and Order Confirmation Units); back-of-house solutions (Drive-Thru Director™ and Chef™ Kitchen Management); as well as above restaurant solutions (360° Data Analytics and SEMS4 Restaurant Management) that are helping major restaurant chains around the globe to streamline their operations. SICOM Systems, Inc. was founded in 1987 and is based in Doylestown, Pennsylvania.

Sell $415M
Mergr

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