Acquisition adds industry-leading data and analytics capabilities to SchoolMint Strategic Enrollment Management platform and expands...

SchoolMint Completes Acquisition of Schoolrunner, Bringing Advanced Data and Analytics to Its Indust

Stamford, Connecticut, UNITED STATES
STAMFORD, Conn., July  14, 2021  (GLOBE NEWSWIRE) -- With global investors racing to deploy billions of dollars across the edtech ecosystem, Tyton Partners continues to be a trusted advisor to many of the pre-eminent investors, executives, and entrepreneurs navigating a dynamic capital markets environment that is outpacing previous fundraising records. During the first half of the year, the Tyton Partners Investment Banking team successfully completed ten transactions across the pre-K-12, higher education, and corporate training landscape. With strong corporate balance sheets, a low interest rate environment, and a record amount of capital raised and deployed by private equity, venture capital firms, family offices, and social impact investors, investors continue to aggressively pursue high growth education and global knowledge companies that will make a lasting impact in areas such as future of work, lower cost alternative higher education models, and digital platforms that improve learning outcomes in the K-12 and post-secondary market segments. “A number of socio-economic and technological factors have cemented a compelling multi-year trajectory for strong edtech deal volume and valuations," said Chris Curran, Co-founder and Managing Partner at Tyton Partners. "These include dramatic subsidies by the U.S. government, exploding demand for education and training systems in emerging markets, the continued development of artificial intelligence and machine learning functionality, the emergence of high quality-lower cost curricular solutions, and the continuing race to migrate all learning content to digital solutions in the service of best-in-class student outcomes.”
Vivek Kamath, Partner at Tyton Partners, added: “One of the impacts of the pandemic is that it drove startups in the education space to scale at a pace the market hasn’t previously seen. This played a significant role in generating the record-setting business growth trajectories and commensurate valuations we witnessed through the first six months of the year. We expect our clients to benefit from this trend into the foreseeable future.”
Disclosed and announced transactions are summarized below:
Transformational SaaS and Technology Transactions
Othot’s Sale to Liaison International, a Portfolio Company of Meritage Group LP
Othot is the leader in artificial intelligence and prescriptive analytics solutions for higher education institutions across the United States. Liaison International helps higher education institutions identify, recruit, and enroll students with admissions management and marketing automation software and services. Tyton Partners acted as exclusive financial advisor to Othot. LitCharts’ Sale to Course Hero
LitCharts is the world's best literary resource, with hundreds of literature guides, literary terms, and modern English translations of every Shakespeare play. Course Hero is an online learning platform offering more than 60 million course-specific study resources created by and for students and used by more than 65,000 faculty across the U.S. and Canada. Tyton Partners acted as exclusive financial advisor to LitCharts. eScholar’s Sale to Harris Computer Corporation, a Division of Constellation Software
eScholar is a software company that provides software and services used by educators for student record management and career planning. Harris Computer Corporation provides software solutions for the Public Sector, Healthcare, Utilities, and Private Sector verticals throughout North America, Europe, Asia, and Australia. Tyton Partners acted as exclusive financial advisor to eScholar. ProctorExam’s Sale to Turnitin, a Portfolio Company of Advance Publications
ProctorExam is the largest online proctoring company in Europe and the global leader in providing SaaS proctoring technology. Turnitin is a leading provider of academic integrity and assessment solutions used by educational institutions and certification and licensing programs to uphold integrity and increase learning performance, and by students and professionals to do their best, original work. Tyton Partners acted as exclusive financial advisor to ProctorExam. Helix Education’s Sale to Ruffalo Noel Levitz, a Portfolio Company of Summit Partners
Helix Education provides colleges and universities a comprehensive suite of technology and services to power data-driven enrollment growth. Ruffalo Noel Levitz is the leading provider of higher education enrollment, student success, and fundraising solutions. Tyton Partners acted as exclusive financial advisor to Helix Education. ArtistWorks Sale to TrueFire Studios, a Portfolio Company of Growth Catalyst Partners
ArtistWorks is an online music learning education platform which uses a proprietary patented system for interacting with teachers based upon online Video Exchange Learning. TrueFire Studios is an alliance of the world’s leading online music education companies that provides affordable, anytime, anywhere access to best-in-class artists and the most comprehensive music lesson library on the planet. Tyton Partners acted as exclusive financial advisor to ArtistWorks. Schoolrunner’s Sale to SchoolMint, a Portfolio Company of BV Investment Partners
Schoolrunner is the leading provider of Strategic Enrollment Management in K-12 education. It features a unique combination of data analytics, advanced features, and educator-first design. SchoolMint, Inc. is the leading K-12 provider of solutions for Strategic Enrollment Management serving more than 11 million students and families in more than 16,000 schools across the country. Tyton Partners acted as exclusive financial advisor to Schoolrunner. Tech Enabled Services Transactions
Mentoring Minds’ Sale to Curriculum Associates, a Portfolio Company of Berkshire Partners and Permira
Mentoring Minds helps K-12 administrators & teachers raise students' scores with standards-aligned resources & teaching strategies. Curriculum Associates produces data-driven, research-backed cloud technology products that transform how students learn. Tyton Partners acted as exclusive financial advisor to Mentoring Minds. Galileo Learning’s Recapitalization by Avathon Capital
Galileo Learning offers award-winning, STEAM-oriented summer enrichment programs at local neighborhood schools. Avathon Capital is a leading investor committed to fostering innovation and impact across the education and workforce management markets. Tyton Partners acted as exclusive financial advisor to Galileo Learning. Steve & Kate’s Camp’s Sale to Bright Horizons
Steve and Kate’s Camp is an innovative summer camp program dedicated to putting kids in charge of making their own choices, so that they can develop the confidence to reach their creative potential. Bright Horizons is one of the leading providers of childcare, elder care, and help for education and careers in the world. Tyton Partners acted as exclusive financial advisor to Steve & Kate’s Camp. About Tyton Partners
Tyton Partners is the leading provider of investment banking and strategy consulting services to the global knowledge and information services sector. With offices in Boston and Stamford, CT, the firm has an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy development that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and unparalleled level of global relationships to make its clients’ aspirations a reality and to catalyze innovation in the sector. For more information, visit  Tyton Partners  or follow us  @tytonpartners . Media contact: Matt Weaver

Tyton Partners Investment Banking Practice Completes Record First Half of 2021

Acquisition adds industry-leading data and analytics capabilities to SchoolMint Strategic Enrollment Management platform and expands Positive Classroom offering. June 24, 2021 10:00 AM Eastern Daylight Time
LAFAYETTE, La.--( BUSINESS WIRE )--SchoolMint®, the leading provider of Strategic Enrollment Management (SEM) in K-12 education, announced today it has completed the acquisition of Schoolrunner. Schoolrunner has become one of the most respected and impactful data platforms in K-12 through a unique combination of data analytics, advanced features, and educator-first design. SchoolMint CEO Bryan MacDonald said, “Adding Schoolrunner to the SchoolMint family accelerates our mission to help customers attract, enroll, and retain students and teachers. By combining rich data capabilities with advanced analytics and communication tools, Schoolrunner brings educators, students and families together in meaningful data dialogue. Now more than ever, these insights are so valuable in helping every stakeholder make informed decisions, and in particular significantly increasing our customer ROI.”
“At Schoolrunner, we know every day is data day,” said Charlie Coglianese, Founder, CEO, and Chief Data Wizard at Schoolrunner. “Our mission has always been to help educators, students, and parents improve outcomes by giving them access to timely and relevant insights. By combining with SchoolMint we can bring the power of our data and analytics to the industry leader in Strategic Enrollment Management.”
SchoolMint plans to continue offering and enhancing the Schoolrunner platform while also building out new capabilities related to Strategic Enrollment Management using the Schoolrunner foundational technologies. About SchoolMint
SchoolMint Inc. is dedicated to helping educators create bright, sustainable futures. Serving more than 11 million students and families in more than 16,000 schools across the country, SchoolMint is the leading K-12 provider of solutions for Strategic Enrollment Management (SEM). SEM is a strategic approach that brings together solutions that help students get to and through school successfully. SchoolMint’s holistic enrollment platform enables administrators to centralize activities such as the school choice application and lottery, registration and re-enrollment, tardy tracking, positive behavior reinforcement, and teacher coaching and evaluation to make school operations more efficient and fiscally sound. With products that put the family experience first, while generating powerful insights, SchoolMint is committed to helping all schools across the K-12 landscape attract and enroll more students, families and teachers, and retain them for years to come. SchoolMint is backed by BV Investment Partners and is headquartered in Lafayette, Louisiana. Learn more at SchoolMint.com . About Schoolrunner
Schoolrunner was born in 2012 when a Wall Street data wizard set out to answer a high school principal’s simple question: how do I get my team to use data to make better decisions for students? Schoolrunner has since grown from serving three schools in New Orleans, Louisiana to serving schools across 20 states and the District of Columbia. Today, Schoolrunner is a unique web-based and mobile platform offering one-stop access to data for teachers, leaders, students, and parents who want to make better use of data. By connecting with Student Information Systems, Learning Management Systems and more, Schoolrunner makes it easy for schools to measure what matters including student behavior, attendance, academics, special interventions, and parent engagement in one simple and easy solution. Schoolrunner has been supported by the Colorado Impact Fund and is based in Denver, Colorado. Learn more at Schoolrunner.org . Contacts

SchoolMint Completes Acquisition of Schoolrunner, Bringing Advanced Data and Analytics to Its Industry-leading Strategic Enrollment Management Solution

Clever operates as an education technology platform. The platform offers a digital classroom, a digital library, and self-guided training modules for students. It was founded in 2012 and is based in San Francisco, California. In May 2021, Clever was acquired by Kahoot.

Clever

Clever partners with Schoolrunner - Clever

Schoolrunner

Element Capital

BlackRock

Acquired

Schoolrunner develops a student educational platform designed to offer analytics and management tools. Its platform is a student data system that allows teachers to track the daily activities of each student in one place. The company was founded in 2012 and is based in Denver, Colorado. In June 2021, Schoolrunner was acquired by SchoolMint. The terms of the transaction were not disclosed.

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