K-12 Dealmaking: Frontline Buys Centris Group; Schoold Raises $4.5 Million
In recent dealmaking news, K-12 software provider Frontline Technologies made its third acquisition this year while college planning startup Schoold secured $4.5 million in funding.
Frontline Acquires Centris Group: Frontline Technologies has acquired Centris Group, a provider of special education administrative software and professional development offerings.
Tim Clifford, President and CEO of Frontline, explained in a statement that the acquisition “goes a long way towards rounding out our education software portfolio and introducing our solution set to the special education market.”
Centris primarily focuses on the administration and management of federal Individualized Education Programs and Response to Intervention, or RTI. The company’s offerings will continue to be supported and enhanced as part of Frontline, according to the statement.
This is the third acquisition of 2016 for Malvern, Pa.-based Frontline; the company began 2016 with the acquisitions of Teachscape, a professional growth solutions provider for K-12 and higher education, and online training provider EDTRAININGCENTER.
Last year, Inc. magazine listed Frontline as one of the fastest-growing private education companies in the publication’s annual 5000 List. (The 2015 list was based on a comparison of applicants’ sales growth from 2011 to 2014.)
Schoold Raises $4.5 Million: The college and career planning startup has closed a seed round of approximately $4.5 million, the San Francisco-based company said in a statement. Participating investors included FastForward, serial entrepreneur and investor Lorne Abony, and several other private investors.
The company said it plans to use the funding to extend and introduce new core functionality to the Schoold app as well as grow the company’s engineering and marketing teams.
Finnish Personalized Learning Platform Raises $4.6 Million: Helsinki-based Claned, a personalized learning platform, has raised approximately $4.6 million (4 million Euros) prior to product launch, according to ArcticStartup.
The technology blog also noted that Claned’s previous seed investment round of 1.3 million euros (approximately $1.5 million)–for expanding sales and further product development–was closed last month.
Claned describes its product as an “open learning environment that brings higher education to everyone’s reach, on a single platform” that enables users to “pick and choose their education content, learning tools and applications in order to enhance and personalize their learning of any subject.”
Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking. Also see EdWeek Market Brief, a service that gives companies operating in the market insights on the needs and priorities of school officials.