Smoothwall, a UK-based school software provider backed by Tenzing, has acquired monitoring-solutions provider eSafe Global from Maven Capital Partners.
The takeover of eSafe Global, whose TripleLock security software is used by UK schools, comes as Tenzing approaches an exit from Smoothwall. Bankers from Raymond James collected first-round bids for the organisation earlier this month and it is understood that a deal could be finalised in July.
Founded more than 20 years ago, Smoothwall sells safeguarding software to schools. According to MergerMarket, the business generates around £5 million in annual earnings before interest, tax, depreciation and amortisation (EBITDA).
Grant Thornton advised Maven Capital Partners on its exit from eSafe Global.
Tenzing founder and co-managing partner Christian Hamilton commented: “The acquisition of eSafe is an important step in UK education as the need to protect children online becomes more and more critical. This investment strengthens Smoothwall’s position in the fast-growing monitoring market and enhances the company’s offering to its loyal customer base in schools around the world.”
Date published: 24 June 2021