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Follett School Solutions completes acquisition of MasterLibrary to enhance EdTech Solutions

Apr 18, 2024•about 1 year ago

Acquiring Company

Follett School Solutions

Acquired Company

MasterLibrary

MchenryRochesterEducationE LearningInformation TechnologySoftware

Description

Follett School Solutions, a leader in K-12 educational technology solutions, has strategically acquired MasterLibrary, the innovator of integrated facilities solutions for K-12 districts. The acquisition aims to significantly enhance the Follett School Solutions portfolio and reinforces their commitment to providing world-class products and services that empower educators and administrators in the K-12 sector.

Company Information

Company

Follett School Solutions

Location

Mchenry, Illinois, United States

About

Since 1873, educators have trusted Follett as a partner in the mission to build confident, independent, and well-rounded students. For administrators, Follett-powered technology can help you track investments, maximize resources, and tap into student data. For librarians, Follett can help you build a diverse collection of print and digital resources that support every student. For teachers, the Follett universe of materials includes curated, standards-aligned, and customizable tools, plus an extensive selection of the books kids want to read. From content to technology, Follett helps educators unlock potential in more than 45 million students worldwide.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed