logo
logo

Finalsite Acquires The Blackboard K-12 Division Of Anthology

Sep 15, 2022•almost 3 years ago

Acquiring Company

Finalsite

Acquired Company

Atnology

Boca Raton

Description

Finalsite, a global leader in K-12 independent school website and digital communications software and services, and Anthology, a leading provider of education solutions that support the entire learner lifecycle, today announced that Finalsite has acquired the Blackboard K-12 Community Engagement division ("Blackboard K-12") from Anthology. Blackboard Community Engagement solutions include Blackboard Web Community Manager, Blackboard Connect, Blackboard Reach, Blackboard Mass Notifications, and the Blackboard Mobile Communications App, which primarily serve public K-12 districts and schools.

Company Information

Company

Finalsite

About

Finalsite is the preferred website, communications, and marketing platform of 7,000+ schools and universities in 110 countries around the world. Based in Glastonbury, Connecticut with offices in Austin, TX, London, and Hong Kong, Finalsite's products and services transform how schools engage with community members, recruit students and staff, and fundraise; while managing the complex requirements around data privacy, accessibility, hosting and security. For more information, visit www.finalsite.com. Finalsite is a portfolio company of Bridge Growth Partners, LLC, a private equity firm that targets investments in the technology and technology-enabled services sectors. Bridge Growth Partners brings together in one team premier investment, financial, strategic, and operating business building talent. The firm is committed to relationship-based investing, with a focus on supporting growth, operational excellence and world-class governance at its portfolio companies to create value for investors. For more information about Bridge Growth Partners, please visit http://www.bridgegrowthpartners.com.

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