In this week’s dealmaking news, software and services company Blackbaud acquired scholarship management solution AcademicWorks. Also, Google.org, Google’s philanthropic arm, said it will commit $8.4 million to Indian education companies; the grant is part of a $50 million commitment Google.org has made to bolster ed-tech nonprofits around the world.
Blackbaud Acquires AcademicWorks: Blackbaud, Inc., a public company that provides software and services to education institutions, nonprofits, and corporations in five countries, has acquired AcademicWorks, a scholarship management solution for higher education and K-12 institutions, foundations and grant-making institutions, according to a statement. Terms of the deal were not disclosed.
In the short term, Blackbaud will continue to sell AcademicWorks as a stand-alone solution, Blackbaud said in its statement. In the future, with AcademicWorks’ cloud solutions integrated with Blackbaud’s higher education and K-12 fundraising, financial management and analytics solutions, “higher education and K-12 institutions will be able to streamline critical functions and create a more modern, intuitive experience for students and the administration,” the company said.
Google.org Grants $8.4 Million to Indian NGOs: Google.org, Google’s philanthropic arm, has awarded $8.4 million of a $50 million education pledge to four India-based NGOs, Google.org said in a recent blog posting.
The $8.4 million will be given to four NGOs in India—Learning Equality, Million Sparks Foundation, Pratham Books StoryWeaver, and Pratham Education Foundation—over the next two years. Last month, Learning Equality said it received a $5 million grant from Google.org’s Global Education Commitment; $500,000 of the grant will be used for India, according to Google.org.
Google.org recently unveiled its $50 million pledge to support education technology nonprofits around the world.
ClassFlow Unveils Digital Partnerships: ClassFlow, a provider of free lesson-delivery software, has formed partnerships with digital content developers to provide teachers with expanded access to educational content, the company said in a statement.
By partnering with Gooru, SketchFab, PhET Interactive Simulations, and Desmos, ”ClassFlow will offer teachers the latest technologies for lessons, including 3D models, virtual reality, and science and math simulations,” ClassFlow said.
Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking.