Clearlake Capital-Backed Discovery Education Acquires Pivot Interactives
Aug 31, 2022•almost 3 years ago
Acquiring Company
Discovery Education
Acquired Company
Pivot Interactives
Description
Discovery Education, a global edtech company backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake"), today announced it has acquired Minneapolis, MN-based Pivot Interactives SBC. Led by a team of science teachers, practitioners, and students, Pivot Interactives develops dynamic cloud-based activities and labs that actively engage students in the authentic exploration of real scientific phenomena. Terms were not disclosed.
M&A Insights
Based on deal dataIntegration 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