M&A Deal Summary

MindPlay Acquires LightSail

On March 16, 2023, MindPlay acquired education company LightSail

Acquisition Highlights
  • This is MindPlay’s 2nd transaction in the Education sector.
  • This is MindPlay’s 2nd transaction in the United States.
  • This is MindPlay’s 1st transaction in New York.

M&A Deal Summary
Date 2023-03-16
Target LightSail
Sector Education
Buyer(s) MindPlay
Deal Type Add-on Acquisition

Target

LightSail

New York, New York, United States
LightSail is a comprehensive literacy solution providing digital content and development tools for K-12 students. By reading just 30 minutes a day, the company helps learners develop reading confidence, regardless of their starting point. LightSail offers access to over 100,000 books and 5,000 educational videos across twelve learning modules. Its smart platform adds embedded support for learners of all abilities, including those with dyslexia, ADHD, and visual impairments. Holistic assessments track progress seamlessly, giving educators real-time access to meaningful data about student reading behavior, comprehension, and growth. Social features like tournaments, student-authored books, chat, annotations, and engaging videos help reluctant readers discover the joy of reading. LightSail is based in New York, New York.

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Buyer(S) 1

Buyer

MindPlay

Tucson, Arizona, United States
Category Company
Founded 1981
Sector Education
DESCRIPTION

MindPlay initially started as a development platform for educational publishers but quickly evolved to be a products business when it could not find any viable literacy solutions for a family member with dyslexia. Today, MindPlay offers individualized instruction for students in grades K – 12, as well as professional development products for educators that provide teachers with a deeper understanding of literacy issues and how best to facilitate student improvement. MindPlay was founded in 1981 and is based in Tucson, Arizona.

DEAL STATS #
Overall 2 of 2
Sector (Education) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 CF Educational Solutions

Middletown, Ohio, United States

CF Educational Solutions is an education consultant that partners with schools to identify and offer data-driven solutions within leadership and professional development, community outreach, and technology integration, with an endless pursuit of student success at the forefront of its efforts. CF Educational Solutions was founded in 2017 and is based in Middletown, Ohio.

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