Private equity firm Thoma Bravo has acquired Instructure, developer of the popular Canvas Learning Management System.
Ed-tech companies are raising more money, while a Pittsburgh company bought a shuttered company’s robots and an immersive experiences provider is partnering with Dell.
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.
Investors are likely to set a higher bar for financially backing education companies over the next year, even as they look to put their money behind new product areas.
Deloitte named its 500 fastest-growing tech companies in North America. Thirty-nine of them touch the world of education in ways big or small.
The Salt Lake City-based company that sells the Canvas learning management system has announced plans to be acquired by Thoma Bravo, a private equity firm.
Recent deals include IXL Learning’s acquisition of Education.com, ASSIST Education’s partnership with Santillana to bring its U.S. high school diplomas to Brazil, a U.K.-based acquisition by Strictly Education, and fundraising by ed-tech startups in Mumbai and Nigeria.
The International Society for Technology in Education, or ISTE, is acquiring ed-tech news organization EdSurge.
In the latest K-12 dealmaking news, major assessment and analytics provider Renaissance has snapped up data company Schoolzilla, and the child care-focused company Winnie has raised $9 million.