Arco Platform, an educational software company that offers technology, services and content from kindergarten to high school, has acquired Me Salva! (Save Me!), an online education company that prepares students for admission to universities in Brazil.
Porto Alegre-based Me Salva! was founded in 2011 by chief executive Miguel Andorffy to help students to improve their ENEM scores for university admission. ENEM is a non-mandatory standardised Brazilian national exam for evaluating high school students.
The online service offers recorded and live video classes, comprehensive exercises, essay writing tools, assessment tests, one-on-one tutoring and personalised study plans. The company said more than 900,000 students have used Me Salva! and it has grown its revenue by 36% annually between 2016 and 2020.
Ari de Sá Neto, founder and chief executive of Arco, said: “This acquisition enables Arco to start providing a high-quality solution at affordable prices to students that attend public schools, a segment that historically faces a large opportunity gap to the private sector in Brazil. Together with a highly talented, entrepreneurial team, Miguel has created from scratch a disruptive solution that offers engaging content, empowers students and improves their chances of being admitted to the best universities in the country.”
Andorffy, added: “We have helped thousands of students to access higher education and believe that, with this partnership, we will be able to scale our solution and help many more students to achieve their dreams.”
Arco Platform is headquartered in São Paulo.
Date published: 11 March 2021