Hobsons’ Higher Ed Business Split and Sold in Separate Deals Totaling $410M

Hobsons, which offers a suite of software for college and career planning, admissions and enrollment, and student success and advising, will be broken up and sold in a pair of transactions totaling approximately $410 million. The company’s owner, the Daily Mail and General Trust (DMGT, which is also the publisher of the British newspaper Daily … Read more

Renaissance Learning to Acquire Nearpod in Blockbuster $650M All-Cash Deal

With constant budget pressures, protracted sales cycles and a diffuse web of different purchasing processes, the K-12 education market is not for the faint of heart, especially for startups looking to establish themselves. It has long had a reputation for moving much more slowly than the pace at which startups need to operate to survive … Read more

Instructure to Sell Bridge for $50M and Exit Corporate Learning Market

Where Instructure planned to go with Bridge, its learning management system for corporate and enterprise customers, has been an open question for over a year, when the company was still publicly traded. On a call with investors in October 2019, former CEO Dan Goldsmith expressed disappointment with the growth of the business, and said “nothing … Read more

The Edtech Company Formerly Known as AltSchool Sold Its Tech. So What’s Left?

A learning management system developed by one of the most high-profile, highly funded and overhyped K-12 education startups has found a new home. First, a recap: In 2019, AltSchool, a San Francisco-based startup that simultaneously developed a network of “microschools” in tandem with educational software, sold the schools to Higher Ground Education, an operator of … Read more

Crises and Capital: The Top Edtech Business Stories of 2020

“Never let a good crisis go to waste,” so the saying goes. The education industry didn’t. In fact, many capitalized on it in 2020. School closures have forced people to not only rely more on digital tools in the short term, but also reimagine what education can be once it’s safe to return. If anything, … Read more