SCHOOLWORLD IS ACQUIRED
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The assets of SchoolWorld have been acquired by Edline LLC, a portfolio company of Providence Equity. MHT acted as the exclusive advisor to Edline.
This transaction allows Edline to expand its customer base and capitalize on revenue and cost synergies as a result of the acquisition.
SchoolWorld’s product suite provides districts with an easy-to-use web hosting tool and content management system that allows schools to share important information, announcements and student activities. The SchoolSites product includes customized websites with news, homework, calendars, alerts and a host of additional modules. All web modules seamlessly integrate with SchoolSites or can be used as stand-alone components. SchoolWorld also offers TeacherSites to enable teachers to easily create and access assignments, messages, quizzes, blogs and other classroom activities. In many cases, schools and school districts subscribe to an integrated combination of both SchoolSites and TeacherSites.
MHT Partners' Senior Deal Team: Mike McGill, Shawn D. Terry and Tom Burgett
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