M&A Deal Summary

VitalSource Acquires Akademos

On March 20, 2023, VitalSource acquired internet software and services company Akademos

Acquisition Highlights
  • This is VitalSource’s 3rd transaction in the Internet Software and Services sector.
  • This is VitalSource’s 5th transaction in the United States.
  • This is VitalSource’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2023-03-20
Target Akademos
Sector Internet Software and Services
Buyer(s) VitalSource
Deal Type Add-on Acquisition
Advisor(s) Tyton Partners (Financial)

Target

Akademos

Norwalk, Connecticut, United States
Akademos provides higher education institutions with a full-service online platform to manage course materials, from monitoring adoptions and compliance to purchasing textbooks to measuring utilization. Akademos was founded in 1999 and is based in Norwalk, Connecticut.

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Buyer(S) 1

Buyer

VitalSource

Raleigh, North Carolina, United States
Category Company
Founded 1994
Sector Education
DESCRIPTION

VitalSource is a developer of learning and development resources for the digital age. VitalSource is an education technology solutions provider committed to helping partners create, deliver, and distribute affordable, accessible, and impactful learning experiences worldwide. As a recognized innovator in the digital course materials market, VitalSource is best known for partnering with more than 1,000 publishers and resellers to deliver extraordinary learning experiences to millions of active users globally– and today we’re also powering new, cutting-edge technologies designed to optimize teaching and learning for maximum results. VitalSource was founded in 1994 and is based in Raleigh, North Carolina.

DEAL STATS #
Overall 5 of 5
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Connecticut) 1 of 1
Country (United States) 5 of 5
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Acrobatiq

Pittsburgh, Pennsylvania, United States

Acrobatiq, Inc. is a learning optimization platform. Acrobatiq’s adaptive learning platform, fast-start content library, and professional services enable partners to rapidly create, deliver, and continuously improve outcomes-based learning experiences that adapt to the needs of each learner. Acrobatiq, Inc. was founded in 2013 and is based in Pittsburgh, Pennsylvania.

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