M&A Deal Summary

itslearning AS Acquires Fronter AS

On November 10, 2015, itslearning AS acquired internet software and services company Fronter AS from Pearson Education

Acquisition Highlights
  • This is itslearning AS’s 1st transaction in the Internet Software and Services sector.
  • This is itslearning AS’s 1st transaction in Norway.

M&A Deal Summary

Date 2015-11-10
Target Fronter AS
Sector Internet Software and Services
Buyer(s) itslearning AS
Sellers(s) Pearson Education
Deal Type Divestiture

Target

Fronter AS

Oslo, Norway
Fronter AS is a cloud based learning platform.

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Buyer(S) 1

Buyer

itslearning AS

Bergen, Norway

Category Company
Founded 1999
Sector Education
Employees200
Revenue 185M NOK (2013)
DESCRIPTION

itslearning AS is a provider of pedagogy focused cloud-based Learning Management System (LMS). itslearning's LMS supports teachers and students in managing the learning process, create multimedia resources, and share work and information online. itslearning AS was founded in 1999 and is based in Bergen, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Pearson Education

Upper Saddle River, New Jersey, United States

Category Company
Founded 1998
Sector Education
DESCRIPTION

Pearson Education is an education services company that provides assessment and training products and services.


DEAL STATS #
Overall 2 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
Country: Norway M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-17 PowerSchool

Folsom, California, United States

PowerSchool is a provider of cloud-based software for K-12 education in North America. Its mission is to power the education ecosystem with unified technology that helps educators and students realize their full potential, in their way. PowerSchool connects students, teachers, administrators, and parents, with the shared goal of improving student outcomes. From the office to the classroom to the home, it helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, and analytics in one unified platform. PowerSchool was founded in 1997 and is based in Folsom, California.

Sell $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Wall Street English

Hong Kong, China

Wall Street English is a provider of English language training to adults. Wall Street English was founded in 1972 and is based in Hong Kong, China.

Sell -