M&A Deal Summary

Insight Partners Acquires Illuminate Education

On July 3, 2018, venture capital firm Insight Partners acquired internet software and services company Illuminate Education

Acquisition Highlights
  • This is Insight Partners’ 19th transaction in the Internet Software and Services sector.
  • This is Insight Partners’ 50th transaction in the United States.
  • This is Insight Partners’ 13th transaction in California.

M&A Deal Summary
Date 2018-07-03
Target Illuminate Education
Sector Internet Software and Services
Buyer(s) Insight Partners
Deal Type Consolidation

Target

Illuminate Education

Irvine, California, United States
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.

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Buyer(S) 1

Buyer

Insight Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 62 of 89
Sector (Internet Software and Services) 19 of 21
Type (Consolidation) 3 of 3
State (California) 13 of 19
Country (United States) 50 of 71
Year (2018) 9 of 14
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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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Hinge Health

San Francisco, California, United States

Hinge Health is a digital health startup that develops software, hardware, and services to help companies manage employees’ musculoskeletal (MSK) conditions. Hinge Health was founded in 2015 and is based in San Francisco, California.

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