Ed tech company Edmentum, based in Bloomington, Minnesota, is acquiring Apex Learning, a Seattle-based digital curriculum and virtual learning company.
The acquisition follows an investment in Edmentum last year by Chicago-based private investment firm The Vistria Group.
Edmentum’s chief executive Jamie Candee, said: “As the school year comes to an end and districts evolve into new models of teaching for the fall, so too must Edmentum continue to grow to meet those needs. Pairing Apex’s proven, high-quality secondary learning programmes with Edmentum’s full suite of high-quality, online learning programmes creates a rich array of offerings designed specifically for the next generation of learners. Together, in partnership with schools and districts globally, we will move education forward.”
Chris Porter, Apex Learning’s chief executive, added: “We are absolutely committed to high-quality learning content and scalable technology, and are very tightly aligned to Edmentum’s strategic vision. As we come together to work with schools to help provide students flexible learning models, the possibilities are endless. I am thrilled for the next phase of Apex and our combined ability to accelerate world-class instructional solutions for all students and educators.”
Andy Kaplan, managing general partner at Education Growth Partners, Apex’s prior investor, commented: “We look forward to seeing Apex and Edmentum further raise the bar for digital learning and better prepare students for success. We’re proud to see our belief and investment in Apex result in such an important event in the education technology market.”
Phil Alphonse, senior partner at The Vistria Group, said: “This acquisition enriches Edmentum’s depth in middle and high school grades and strengthens the company’s commitment to delivering high-quality, research-based online learning to schools and districts across the globe. Bringing these two organisations together will propel even more teachers and students forward and create countless opportunities for hybrid and virtual learning all over the world.”
International law firm Winston & Strawn is legal advisor to Edmentum. William Blair & Company was the lead banker for Apex Learning. Alvarez & Marsal and Cuesta Partners were consultants and advisors. Kramer Levin Naftalis & Frankel is legal advisor to Apex Learning.
Date published: 6 July 2021