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  6. Teamwrks Acquires Classroom24-7

M&A Deal Summary

Teamwrks Acquires Classroom24-7

On July 19, 2017, Teamwrks acquired internet software and services company Classroom24-7 from Rizk Ventures

Acquisition Highlights
  • This is Teamwrks’ 1st transaction in the Internet Software and Services sector.
  • This is Teamwrks’ 1st transaction in the United States.
  • This is Teamwrks’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2017-07-19
Target Classroom24-7
Sector Internet Software and Services
Buyer(s) Teamwrks
Sellers(s) Rizk Ventures
Deal Type Merger

Target

Classroom24-7

Jersey City, New Jersey, United States
Classroom24-7 is a provider of online education technologies and services. Classroom24-7 delivers a comprehensive range of services required to build large-scale, successful online education programs. Classroom24-7 was founded in 2010 and is based in Jersey City, New Jersey.

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Buyer(S) 1

Buyer

Teamwrks

New York City, New York, United States
Category Company
Founded 2003
Sector Information Technology
DESCRIPTION

Teamwrks provides cloud-based technology so that healthcare organizations can utilize artificial intelligence to improve efficiency as well as patient outcomes. The Teamwrks technology is deployed by healthcare organizations across the country as well as healthcare consultants and advisors to spearhead sustainable change in these organizations. Teamwrks was founded in 2003 and is based in New York City, New York.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 1

SELLER

Rizk Ventures

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Rizk Ventures is a private investment group focused on real estate, venture capital, and private equity opportunities. Rizk Ventures was established in 2013 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Merger) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-06 Classroom24-7

Jersey City, New Jersey, United States

Classroom24-7 is a provider of online education technologies and services. Classroom24-7 delivers a comprehensive range of services required to build large-scale, successful online education programs. Classroom24-7 was founded in 2010 and is based in Jersey City, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-27 SpareBox Storage

Denver, Colorado, United States

SpareBox Storage is an operational, technology and marketing solutions and provides customers with a safe, secure, and convenient self storage solution. Delivering a great customer experience will be the foundation for a scalable, national platform of high-performing self storage assets. SpareBox Storage was founded in 2020 and is based in Denver, Colorado.

Buy -
Mergr

Product

Company

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