M&A Deal Summary

TrueLearn Acquires Picmonic

On June 10, 2021, TrueLearn acquired education company Picmonic

Acquisition Highlights
  • This is TrueLearn’s 1st transaction in the Education sector.
  • This is TrueLearn’s 1st transaction in the United States.
  • This is TrueLearn’s 1st transaction in Arizona.

M&A Deal Summary
Date 2021-06-10
Target Picmonic
Sector Education
Buyer(s) TrueLearn
Deal Type Add-on Acquisition

Target

Picmonic

Phoenix, Arizona, United States
Picmonic is an education company specializing in the creation of narrated audiovisual picture mnemonics to improve memory duration and learning. The company offers a suite of products in nursing and medicine and has recently expanded its product offerings into allied health. Picmonic was founded in 2011 and is based in Phoenix, Arizona.

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Buyer(S) 1

Buyer

TrueLearn

Charlotte, North Carolina, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

TrueLearn is a SaaS-based educational company that provides test preparation software for high-stakes standardized exams in various fields of medicine. TrueLearn is based in Charlotte, North Carolina.

DEAL STATS #
Overall 1 of 2
Sector (Education) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Arizona) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-14 Apex Anesthesia Review

Ashland, Virginia, United States

Apex Anesthesia Review is a provider of high-stakes exam preparation and learning support for Student Registered Nurse Anesthetists (SRNAs) and of continuing education for Certified Registered Nurse Anesthetists (CRNAs). The platform enables learners to achieve their performance goals in less time by creating memorable learning experiences that foster mastery of important concepts relevant to clinical practice. Apex Anesthesia Review is based in Ashland, Virginia.

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