K-12 Dealmaking: Edlio Acquires Scholantis; CollegeVine, Really Good Stuff Form Partnerships

Contributing Writer

K-12 communication platform provider Edlio acquired Scholantis, a Canadian provider of school district websites and digital portals. Also, CollegeVine and Really Good Stuff announced new partnerships.

Edlio Acquires Scholantis: Los Angeles-based Edlio, a provider of communication platforms for K-12 schools and districts, has acquired Canadian software company Scholantis, a provider of digital portals for schools. Terms of the deal were not disclosed.

The merger will allow Canadian schools to ”take advantage of both the dedication and extensive array of services Edlio currently offers schools and districts throughout the United States and Latin America,” the company explained in a statement.

“By joining forces with Scholantis, we will be able to continue to serve and grow our offerings in Canada. We are very excited to be able to provide a fully localized platform for Canadian schools and school boards,” said Ali Arsan, CEO of Edlio.

“This acquisition is a key component of Edlio’s strategy of rapidly growing in both capabilities and market share throughout the education market while never losing sight of its core mission of increasing engagement between teachers, students, and parents,” Edlio noted in the statement.

Scholantis’ existing clients “will benefit from the increased breadth of experience that Edlio brings to the table, especially with regard to making the transition from local server installations to modern cloud implementations,” Edlio continued.

“Edlio and Scholantis share the same deep commitment to customer service excellence, so we feel that our clients will have a great experience when they are ready to move their sites to a cloud-based platform,” said Drew Carmichael, president of Scholantis

Last March, Edlio acquired parent interaction app Sangha. Edlio noted at the time that the acquisition and integration of Sangha were made possible, in part, through an investment of $40 million by the private equity firm L Squared that was announced last October.

CollegeVine Partners With IL&FS: CollegeVine, a national online provider of student mentoring and college admissions guidance for high schoolers and their families, is partnering with the education unit within India-based Infrastructure Leasing & Financial Services (IL&FS) to offer overseas education guidance to Indian schools and families, according to a statement.

The services will be offered to Indian students who want to apply to colleges and universities in the United States, according to CollegeVine, which noted that high schools will make CollegeVine’s software and near-peer mentorship services available to students in the 11th and 12th grades.

IL&FS Education is the social infrastructure arm of the IL&FS Group and pioneered the introduction of technology to education in the K-12 segment.

“India is one of the largest markets for higher education in the world,” said RCM Reddy, CEO of IL&FS Education and Technology Services. “We wanted to partner with a best of breed innovator to bring U.S. college guidance to our home market, and CollegeVine was our first choice.”

Added Zack Perkins, co-founder of Cambridge, Mass.-based CollegeVine: “We will also be using our data analytics tools and software to best match students to the right schools for them based on profile strength, academic preferences, and financial feasibility. Our solution is years ahead of the traditional brick and mortar consulting services that currently serve students looking to study abroad.”

CollegeVine said it will work with 100 schools in the first year in major cities including Mumbai, Hyderabad and Chennai. Distribution methods include schools purchasing CollegeVine services on behalf of their students as well as families signing up for CollegeVine directly.

Really Good Stuff Partners With Fingerprint: Monroe, Conn.-based Really Good Stuff, a provider of classroom products, has partnered with Fingerprint, a provider of kids’ digital learning and play content, to provide a branded mobile content platform with over 200 learning apps for children ages 3-8 years old.

The new products, which will be launched for back-to-school 2018, will be mapped to common core/state educational standards, and will be available in the classroom, to individual students, and in the home, according to a statement.

Really Good Stuff is a division of Excelligence Learning Corporation, a Monterey, Calif.-based provider of educational tools and solutions to early childhood and elementary teachers and parents.

San Francisco-based Fingerprint is a mobile technology company that creates custom kids’ learning platforms and curates content for customers around the world.

Eurazeo, Primavera Capital Complete WorldStrides Acquisition: Eurazeo, a global investment company listed in Paris, in partnership with China-based investment firm Primavera Capital Group, have completed their acquisition of WorldStrides, a student travel and study abroad organization.

Eurazeo and Primavera Capital Group reached an agreement last month to purchase the company. Eurazeo’s total investment is $469 million, representing a majority equity stake of approximately 80 percent, according to a statement.

WorldStrides is based in Charlottesville, Va. The company’s programs are designed for students from elementary through post-graduate levels, and feature specializations such as performing arts, sports and study abroad. WorldStrides partners with more than 7,000 K-12 schools and 800 universities, including MBA programs.

ConnecPath Closes a $150,000 Pre-Seed Round: ConnecPath, a Silicon Valley startup that aims to streamline the question-and-answer process for college-bound students, has raised $150,000 from four angel investors during a pre-seed round of fundraising.

The company said the new funds will go towards product development, marketing and sales activities; in addition, ConnecPath has plans to hire more software engineers and UX/UI designers in an effort to accelerate production speed to deliver updates to users, according to a statement.

ConnecPath has plans to continue to grow over the next few months and said it will be hiring more customer support staff to “continue to help [its] growing base of users,” the company said.

The company’s mobile app was released in October and its web-based app was launched in December. The next financing round is anticipated to be held between March and June 2018.

Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking.

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