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Increase in M&A Deals in Edtech Industry

  • Edtech market reported significant growth since the advent of the COVID-19 pandemic

  • In 2021, a total of 332 merger and acquisition deals were reported in the Edtech sector

  • Recently, Scaler acquired online learning startup AppliedRoots for $50 million

Increase in M&A Deals in Edtech Industry

Published: April 2022
Source: GlobalData

Edtech or the education technology industry grew considerably during the COVID-19 pandemic. The pandemic disrupted the field of education no end with imparting instruction to students becoming a challenge due to the restrictions. The disruption turned into an opportunity for technologically enhanced platforms, enabling them to rise to the occasion and meet the evolving needs of the student-teacher community. In the education industry, Edtech was not just the means to re-establish the severed connection between teachers and students but also a catalyst in changing the face of the industry and the way education is imparted and received.

The pandemic opened up the market for Edtech companies, which provided them an opportunity and explore hitherto unexplored areas. Edtech companies carried out fund-raising, mergers, and acquisitions to consolidate their market position, scale the business and expand their operations swiftly. The merger and acquisition deals enabled Edtech firms to acquire subscribers, make use of new technology platforms, expand in new markets (geographically and demographically), defragment the market, and attain maturity in the segment at a quicker pace.

According to GlobalData’s deals database, the number of merger and acquisition deals made in 2021 was nearly 50% more than that in the previous year.

Scaler acquires Edtech firm AppliedRoots

On March 3, 2022, tech upskilling startup Scaler acquired AppliedRoots, an online learning platform, for $50 million. The acquisition enables Scaler to expand its product portfolio by adding more courses based on data science (DS), artificial intelligence (AI), and machine learning (ML). Scaler made three acquisitions since August 2021.

Alithya acquires e-learning provider Vitalyst

On February 1, 2022, Alithya, a technology and management consulting firm, acquired the adaptive learning platform Vitalyst for $50 million. With this acquisition, Alithya makes a strategic entry into the enterprise learning market and adds the trademarked platform Adaptive Learning to its portfolio, which enables it to accelerate its digital transformation.

Blackbaud acquires EverFi

On January 1, 2022, the world’s leading cloud computing provider Blackbaud acquired EverFi, an education technology company, for $750 million. EverFi provides Impact-as-a-Service (IaaS) through its technology and learning platform, offering various courses to its corporate partners. This acquisition consolidates Blackbaud’s position as the leader in ESG and CSR space, doubles the Total Addressable Market (TAM) to $20 billion for Blackbaud, and accelerates Blackbaud’s revenue.

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