Montreal-based Valsoft Corporation, which acquires and develops vertical market software businesses, has acquired ScholarChip, a provider of identity management, visitor management and behavioural software for the K12 sector, based in Hicksville, New York.
ScholarChip was founded in 2003 by Dr Maged Atiya and his wife Monica Sibillia Atiya, to help make schools safer and better. The company’s platform includes behaviour management, identification, secure door access, attendance, visitor management and cafeteria point-of-sale solutions.
The ScholarChip workforce will continue to be US-based, with the leadership team remaining at the helm of the business.
Craig Lockwood, ScholarChip’s president and chief financial officer said: “Valsoft’s considerable experience and expertise in building great software companies will help ScholarChip further its mission of promoting safe and supportive school climates. We are thrilled to have found a partner with a shared vision and a long-term view.”
Valsoft’s chief executive Sam Youssef added: “We’re extremely excited to partner with ScholarChip and help them achieve their growth strategy. We’re confident that with their strong market positioning and solutions, along with our best practices and M&A expertise, ScholarChip and its customers will benefit from this relationship for years to come.”
Date published: 7 May 2021