M&A Deal Summary

Procare Solutions Acquires KidReports

On December 5, 2017, Procare Solutions acquired internet software and services company KidReports

Acquisition Highlights
  • This is Procare Solutions’ 1st transaction in the Internet Software and Services sector.
  • This is Procare Solutions’ 1st transaction in the United States.
  • This is Procare Solutions’ 1st transaction in Colorado.

M&A Deal Summary

Date 2017-12-05
Target KidReports
Sector Internet Software and Services
Buyer(s) Procare Solutions
Deal Type Add-on Acquisition

Target

KidReports

Denver, Colorado, United States
KidReports LLC is a software as a service (SaaS) web-based reporting system allows providers to create a secure personal online profile of each child to track their activities and communicate with parents. KidReports is based in Denver, Colorado.

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Buyer(S) 1

Buyer

Procare Solutions

Denver, Colorado, United States

Category Company
Founded 1992
Sector Software
DESCRIPTION

Procare Solutions is a provider of child care management software, integrated payment processing, technology and services. The company supports over 30,000 preschools, daycare centers, after-school programs, camps and related facilities with a broad product suite that serves the complex and unique demands of the child care market. With Tuition Express, the company’s integrated payment processing platform, Procare saves schools time and cost, providing seamless bank reconciliations and speedy electronic payment delivery. Procare is the trusted partner to schools and parents across the United States. Procare offers both a desktop solution and cloud hosting, and supports customers of all sizes from single-center operations to complex multinational enterprises. Procare Solutions was founded in 1992 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 6
Sector: Internet Software and Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 5
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 6
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 SchoolLeader

Oregon, United States

SchoolLeader is specializes in the design and development of business applications and networks for the child care, consulting and communication industries.

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