In recent dealmaking news, investment company Volaris acquired Edumate, and Australian learning platform Moodle raised $6 million.
Volaris Group Acquires Edumate: Toronto-based investment company Volaris Group has acquired Edumate, an academic management, curriculum mapping, and learning management solution. Terms of the deal were not disclosed.
“Edumate has an incredible impact on the way students, teachers and parents work together in today’s digital age,” Volaris said in a statement. “The company’s web-based solutions help to redefine traditional school management while shaping student learning and ensuring greater efficiencies in school administration.”
Australia-based Edumate is used from kindergarten through primary and secondary education; its solutions are designed to “advance students and teachers through the learning lifecycle.”
“Volaris’ experience in the education vertical, enabling its like-minded businesses to come together through collaboration and sharing of best practices, along with the organization’s commitment to fostering a culture of deep customer engagement, means Edumate can strengthen the customer experience we deliver to the market,” said Jay Fabian, general manager of Edumate, in a statement.
As part of the deal, Educate will maintain its “brand and independence,” Volaris noted, adding that Fabian continues to lead the Edumate business.
The acquisition is Volaris’ fourth in the education sector. Last year, Volaris acquired Brisbane, Australia-based The Alpha School System, or TASS, a provider of information systems to K-12 independent and Catholic schools throughout Australia, for an undisclosed sum.
Moodle Raises $6 Million: Moodle, a learning platform provider based in Perth, Australia, has raised a $6 million angel investment from Education For The Many.
The new investment will allow Moodle to accelerate established growth plans for its free and open-source software and a number of associated initiatives, the company said in a statement.
Education For The Many will gain a minority stake in Moodle as well as a board seat, and will use its financial and business experience to support Moodle’s plans for growth. Education for the Many is an investment company owned by the Leclercq family, founder and main shareholder of the Decathlon group, a sporting goods retailer.
“We have searched for a long time to find an investor who could truly understand and care about our mission, vision and values, and not just look at our organization in monetary terms,” said Martin Dougiamas, founder and CEO of Moodle.
NYU Startup Accelerator Teams With Rethink Education: NYU Steinhardt Edtech Accelerator powered by StartEd is teaming up with Rethink Education, an education-focused venture firm based in White Plains, N.Y., to fund startups that were accepted into the 2017 program.
The three-month, mentor-led immersive held on NYU’s campus “is dedicated to attracting and developing an army of edtech entrepreneurs to solve the world’s most urgent problems in education and to galvanize New York City as a global hub for education innovation,” according to the statement.
A dozen companies were selected to participate in the program, all of them focused some aspect of pre-K-12, higher education, career readiness, professional development, and lifelong learning. Chosen from over 500 applicants from around the world, each company will have the opportunity to receive funding of up to $170,000 from Rethink Education. Click here to read the announcement and view the list of companies selected.
The Steinhardt School of Culture, Education, and Human Development and StartEd Companies, a public benefit corporation launched the ed-tech accelerator last year.
Hobsons Partners With Clever: Hobsons, a Cincinnati-based provider of college and career readiness solutions, has integrated its Naviance platform and Clever, a San Francisco-based data integration tool designed to help school districts securely manage student data within learning environments, Hobsons said in a statement.
Students at participating school districts can now access Naviance through a dashboard streamlining the login process, leaving more time for college and career discovery, planning and counseling, Hobsons expplained. Staff will gain access to Naviance through the Clever dashboard later this school year.
As a result of the integration, schools or districts that have Naviance District Edition and Clever can add Naviance to the Clever Instant Login portal, “making it easier for students to access their college and career planning tools in Naviance,” according to the statement.
“Naviance is one of the most widely used products in K-12 school districts, so we’re thrilled to be welcoming them to the Clever platform,” said Tyler Bosmeny, CEO at Clever. “Through this partnership, we’re looking forward to helping schools achieve their college and career readiness goals.”
Be sure to check back on Marketplace K-12 for updates on mergers, acquisitions, fundraising, and other dealmaking.