In the latest dealmaking news, Workday acquired online learning platform Zaption, while Blackboard teamed with Dreamit to support ed-tech startups.
Workday Acquires Zaption: Workday, a provider of enterprise cloud management applications for human resources and finance, has acquired online learning platform Zaption. Terms of the deal were not disclosed; however, the Zaption platform will shut down on September 30, 2016, according to a June 30 blog on the Zaption website.
Zaption provides free interactive video tools and ready-to-use video lessons; the video platform “is perfect for blended and flipped K-12 classrooms, higher education and training,” according to the company.
“Our desire to have an even greater impact on how the world learns is one of the many reasons we’re excited to join Workday,” Zaption said in its blog posting regarding the acquisition. “Workday serves some of the world’s largest organizations and educational institutions that are eager to have better, more engaging learning experiences. We are excited to expand our reach by rebuilding our technology as part of the fabric of Workday’s applications, including the highly anticipated Workday Learning.”
Dreamit, Blackboard Partner to Support Startups: Startup accelerator Dreamit and Blackboard Inc. have formed strategic partnership “focused on driving innovation in education technology” according to a statement.
The partnership will provide mentoring, customer and partner development and marketing support to an exclusive group of high-potential startups participating in the Dreamit EdTech cohort.
Dreamit has launched more than 250 startups into health care, consumer tech, and other industries and, in partnership with Penn State University, introduced Dreamit EdTech in March of 2016.
Participating startups receive company-building support, networking guidance, real-world validation from key customers, and expertise from industry leaders. Dreamit is currently accepting applications for the next cohort.
Weld North Completes Performance Matters, Truenorthlogic Merger: Weld North Holdings LLC, investment company and operator of digital and SaaS education solutions, has completed the merger of Truenorthlogic and Performance Matters, according to a statement. The combined entity will move forward under the name Performance Matters LLC.
Weld North acquired Performance Matters, a student assessment and data analytics company, in March and said it would merge the company with Truenorthlogic, a K-12 ed-tech business focused on continuous educator improvement that Weld North had acquired in 2014.
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.