Instructure CEO and board member Dan Goldsmith said he will step down from both positions as the company has reached a tentative agreement to be acquired by Thoma Bravo.
Thoma Bravo, a private equity firm, had originally offered $47.60 per share to acquire Instructure. Some shareholders considered that sale price to be too low.
A school district in South Carolina is looking for an online student registration system, while an Iowa school system needs wireless access points at one of its elementary schools. And the Massachusetts Department of Mental Health is seeking a year-round creative arts program to be provided in schools.
Publishers remain concerned about the ongoing statutory exclusion of educational materials from copyright protection in Canada after a recently concluded trade agreement failed to incorporate language to address the issue.
A Chicago firm announced a major investment in custom content provider XanEdu, and the Chinese investor Tencent leads a $15 million fundraising round in an India-based learning platform.
Maryland’s Queen Anne’s County schools want a virtual learning academy and Utah’s Washington County district needs a computer science curriculum. In New Jersey, Franklin Township is looking for occupational therapy services.
Venture capitalists around the world invested 14 times more in ed tech in 2019 than they did in 2010, according to a report released Tuesday by education research firm HolonIQ.
A requirement in the Every Student Succeeds Act to report financial data in a more granular way could help vendors identify business opportunities.
The second-largest school district in Texas is looking for an online performance and learning management system, while Fulton County, Ga. schools want a digital learning system for online and blended learning.
In K-12 dealmaking news, K12 Inc. has acquired Galvanize, a technology training company, while an education recruitment company in the U.K. has acquired a similar business.