M&A Deal Summary

Vector Solutions Acquires Convergence Training

On April 24, 2018, Vector Solutions acquired education company Convergence Training

Acquisition Highlights
  • This is Vector Solutions’ 2nd transaction in the Education sector.
  • This is Vector Solutions’ 3rd transaction in the United States.
  • This is Vector Solutions’ 2nd transaction in Washington.

M&A Deal Summary
Date 2018-04-24
Target Convergence Training
Sector Education
Buyer(s) Vector Solutions
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson & Co. (Financial)

Target

Convergence Training

Camas, Washington, United States
Convergence Training is a provider of training content and software solutions for industrial operations, manufacturing, and mining, specializing in 3D and animation. Convergence Training was established in 2002 and is based in Camas, Washington.

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Buyer(S) 1

Buyer

Vector Solutions

Tampa, Florida, United States
Category Company
Founded 1999
Sector Internet Software and Services
DESCRIPTION

Vector Solutions is a provider of SaaS-based compliance and safety-focused eLearning and performance optimization solutions serving three end-markets: Public Sector, Education, and Commercial. Vector’s solutions are underpinned by the company’s library of proprietary content (over 7,500 courses with over 30,000 associated accreditations) which is delivered through a SaaS-based software platform to address customers’ mission critical compliance, safety, and regulatory needs. Vector Solutions was founded in 1999 and is based in Tampa, Florida.

DEAL STATS #
Overall 3 of 7
Sector (Education) 2 of 3
Type (Add-on Acquisition) 3 of 6
State (Washington) 2 of 2
Country (United States) 3 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 LearnSmart Systems

Seattle, Washington, United States

LearnSmart Systems is a provider of quality professional skills, project management and IT and security training.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 EVERFI - Higher Education and Campus Prevention Network Business

Washington, District of Columbia, United Kingdom

EVERFI's Higher Education and Campus Prevention Network Business includes its highly-regarded online training catalog for colleges and universities and the Campus Prevention Network (CPN). EVERFI's Higher Education and Campus Prevention Network Business is based in Washington, District of Columbia.

Buy $100M
Mergr

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