M&A Deal Summary

MasteryConnect Acquires Socrative

On June 19, 2014, MasteryConnect acquired software company Socrative for 5M USD

Acquisition Highlights
  • This is MasteryConnect’s 1st transaction in the Software sector.
  • This is MasteryConnect’s largest (disclosed) transaction.
  • This is MasteryConnect’s 1st transaction in the United States.
  • This is MasteryConnect’s 1st transaction in Massachusetts.
Investment Fate
  • Socrative was divested to a consortium of strategic buyers in 2018.

M&A Deal Summary
Date 2014-06-19
Target Socrative
Sector Software
Buyer(s) MasteryConnect
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Socrative

Boston, Massachusetts, United States
Socrative, Inc. is a developer of formative assessment tools to to connect teachers with students as learning happens, by providing fun and effective tools to gauge student understanding in real time. Socrative was founded in 2011 and is based in Cambridge, Massachusetts.

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Buyer(S) 1

Buyer

MasteryConnect

Salt Lake City, Utah, United States
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

MasteryConnect, Inc. is a K-12 assessment and curriculum platform supporting educators as they drive student growth through formative and benchmark assessment, curriculum planning, and collaboration. MasteryConnect was formed in 2009 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Socrative

Boston, Massachusetts, United States

Socrative, Inc. is a developer of formative assessment tools to to connect teachers with students as learning happens, by providing fun and effective tools to gauge student understanding in real time. Socrative was founded in 2011 and is based in Cambridge, Massachusetts.

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Mergr

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