M&A Deal Summary

Prometric Acquires EdPower

On July 9, 2024, Prometric acquired education company EdPower

Acquisition Highlights
  • This is Prometric’s 3rd transaction in the Education sector.
  • This is Prometric’s 4th transaction in the United States.
  • This is Prometric’s 1st transaction in Idaho.

M&A Deal Summary

Date 2024-07-09
Target EdPower
Sector Education
Buyer(s) Prometric
Deal Type Add-on Acquisition

Target

EdPower

Meridian, Idaho, United States
EdPower is a provider of cloud-based solutions for the K-12 market. EdPower is based in Meridian, Idaho.

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Buyer(S) 1

Buyer

Prometric

Baltimore, Maryland, United States

Category Company
Founded 1990
Sector Education
DESCRIPTION

Prometric provides technology-enabled assessment services, providing paper-and-pencil, Internet and computer-based testing solutions. It offers a fully integrated testing system that includes test development, test delivery and data management capabilities. On behalf of more than 400 clients in the academic, professional, government, corporate and information technology markets, Prometric develops and/or delivers assessments through a global network of testing centers in 132 countries as well as direct to candidates via the Internet.


DEAL STATS #
Overall 5 of 5
Sector (Education) 3 of 3
Type (Add-on Acquisition) 5 of 5
State (Idaho) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Paragon Testing Enterprises

Vancouver, British Columbia, Canada

Paragon Testing Enterprises is a provider of high-stakes English language proficiency tests. The company’s tests include the Canadian English Language Proficiency Index Program (CELPIP®) for Canadian permanent residence and citizenship and the Canadian Academic English Language Test – Computer Edition (CAEL CE®) for study at post-secondary institutions across Canada. The acquisition will significantly increase global access to the Paragon tests that are currently administered at 60 test centers across Canada and at 15 locations in the United States, China, India, Philippines, Singapore, and the United Arab Emirates. Paragon’s CAEL Online test is currently available in Canada, the United States, Mexico, Brazil, Colombia, and Japan.

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