Learnosity, an Ireland-based assessment infrastructure provider, has acquired Questionmark from FPE Capital.
The terms of the deal were not disclosed.
The takeover concludes an auction process revealed exclusively by this publication in November.
Headquartered in Dublin and backed by Battery Ventures, Learnosity provides the assessment infrastructure powering more than 120 learning platforms and publishers. The firm serves 39.3 million learners across the K12, higher education, vocational learning, and corporate training markets.
It was valued at more than €30 million when Australia-listed 3P Learning sold its 40% stake in the firm to Battery Ventures.
Questionmark provides a secure, enterprise-grade assessment platform and professional services to leading organisations around the world. The firm counts one-in-six Fortune 100 companies as customers, according to a press release.
“Over the past year, there has been a decisive swing to online for education and workplace assessments. The pandemic has accelerated the move from paper-based tests in classrooms and test centres to a more agile, individualised, and digital experience,” Learnosity said in a press release.
“The benefits of a streamlined, data-driven, and cost-effective assessment experience have proven compelling to learners, educational institutes, and companies. By combining with Questionmark, Learnosity is doubling down on its strategy for growth in a wide-open market.”
Date published: 18 June 2021