Frontline Education | October 06, 2022
Thoma Bravo, a leading software investment firm, today announced the completion of its sale of Frontline Education, a leading provider of administration software purpose-built for educators in K-12, to Roper Technologies, Inc. (NYSE: ROP) in an all-cash transaction that values Frontline at approximately $3.725 billion. Frontline, which offers solutions for human capital management, student and special programs, and business operations with powerful analytics to increase productivity and improve overall performance for K-12 administrators, has been a trusted partner to K-12 leaders across all 50 states for decades.
"We are grateful to Thoma Bravo for their invaluable partnership over the last five years which has allowed us to further expand the use of our critical solutions by educators across the country,As part of Roper, we are excited to bring enhanced innovation and value to our clients in alignment with our mission to empower K-12 schools with the technology capabilities they need to succeed."
Mark Gruzin, Chief Executive Officer of Frontline Education
We are extremely proud of our partnership with Frontline and what we have been able to achieve together," said Holden Spaht, a Managing Partner at Thoma Bravo. Applying our deep sector expertise, we worked with Mark and the Frontline team to make strategic acquisitions, increase revenue and expand product offerings and headcount in order to drive sustainable long-term growth. We look forward to following Frontline's continued success with Roper as their partner. J.P. Morgan Securities LLC, Jefferies LLC and Macquarie Capital served as financial advisors and Kirkland & Ellis LLP served as legal advisor to Thoma Bravo and Frontline Education. Cooley LLP also served as legal advisor to Frontline Education.
About Thoma Bravo
Thoma Bravo is one of the largest private equity firms in the world, with more than $122 billion in assets under management as of June 30, 2022. The firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging the firm's deep sector expertise and proven strategic and operational capabilities, Thoma Bravo collaborates with its portfolio companies to implement operating best practices, drive growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings. Over the past 20 years, the firm has acquired or invested in more than 400 companies representing over $220 billion in enterprise value. The firm has offices in Chicago, Miami and San Francisco.
D-ID | September 09, 2022
Skilldora, an Ed-Tech startup based in Fort Mill, S.C., known for its modernized app-based eLearning community, today announced a partnership with D-ID, using its Creative Reality™ technology to deliver courses exclusively by A.I. Instructors, also referred to as digitally created humans. With the global eLearning market on track to reach 1.72 trillion by 2026 according to Yahoo Finance, evolving Ed-Tech enhancements give the academic sector a boost in growth, and online-learning is now the largest and fastest growing method for modern learners. Skilldora’s mission is to use the power of A.I. to deliver a new world of eLearning and is pleased to be the first online-learning platform in the U.S. to be a front-runner in pioneering the use of all A.I. Instructors on its platform, as a nod to the future of eLearning. The recent growth in the eLearning market also comes with its usual growing pains of high course drop-out rates, and astronomical refund costs creating significant challenges for e-Learners, course creators and platform owners. Research shows much of this is due to antiquated outdated online-course platforms and an influx of new course creators producing courses at varying levels of skill, leading to inconsistent and unpredictable user experiences. Skilldora's new e-Learning platform & app, seeks to solve this problem using its A.I. Instructed Courses™ to deliver consistently structured, high quality courses, perfectly presented in under an hour. Set up as a free-to-download membership site, with an in-app, pay-per-course, a la carte model, Skilldora is designed to appeal to the modern learner, offering advanced engagement functionality, collaborative learning features such as its ‘learn with friends capabilities,’ allowing for real time sharing and invites, social learning groups, community news feeds, etc.
“We believe the world of eLearning is rapidly changing and learners want more interactive learning experiences, consistency in content quality and compact courses they can take over a lunch break. And Skilldora is answering the call by offering A.I. Instructed Courses™ across a bevy of professional development categories, interactive Personal Discovery Assessments with instant A.I. Coach feedback, and a ‘done-for-you’ B2B solution, which produces eLearning products on demand.
DeMario and Dawn Nicole McIlwain, Skilldora's Co-Founders.
Skilldora's vision is to be the A.I. eLearning solution leader for modern learners, and future-forward companies, and now through its partnership with D-ID, is one step closer. Behind the vision of Skilldora, are Husband and Wife Co-founders, DeMario and Dawn Nicole McIlwain. DeMario McIlwain, the brainchild behind Skilldora’s innovative platform and sleek functionality, brings deep technical expertise in UI/UX design with proven experience running tech ventures, while Dawn Nicole, the heartbeat of Skilldora’s course products, brings design-thinking as a certified Agile coach and globally accredited training program creator. With this perfect marriage of skills and background, the powerful duo merges their expertise to make something magical in Skilldora.
Skilldora is a modernized e-Learning company specializing in A.I. Instructed Courses™ by using digitally created humans to deliver course content. Skilldora’s products and services span from its A.I. Instructed Courses™, to Personal Discovery Assessments with interactive A.I. Coach feedback, and a ‘done-for-you’ Corporate Training solution which produces eLearning products on demand, and to spec. Through collaborative strategic partnerships, and its competitive advantage of being first to the U.S. market, Skilldora is on track to virtually disrupt the eLearning industry, improve the user experience, and offer corporations more diversification options in eLearning, with advanced features that drastically increase the speed to market. To find out more, visit myskilldora.com.
D-ID is a Creative Reality™ company specializing in patented video reenactment technology using AI and deep learning. D-ID's products range from animating still photos, to facilitating high-quality video productions, and creating viral user experiences. With funding from tier 1 VCs, D-ID aims to radically disrupt the time, hassle and costs involved in video production, allowing for the creation of highly personalized media using AI, specifically in e-learning, corporate training, marcoms, AI assistants, history and the Metaverse. With international customers, D-ID's core competencies in the human face and deep learning technology enable its partners to create exciting and engaging content that was until now unimaginable. To find out more, visit D-ID.com
Learning Ally | November 24, 2022
To increase reading preparedness in early learners, Learning Ally, a national education nonprofit known to double the rate of reading growth for struggling readers, is announcing its new Excite Reading™ PreK-2 Literacy Grant Program for eligible U.S. schools at no cost. Applications are now open until December 15, 2022. Excite Reading™ is an award-winning early literacy supplement to support PreK-2 teachers who want to share engaging children's literature, while developing emergent readers' comprehension skills. Research tells us that PreK-2 is a critical time for reading development.
"Children entering schools today have such diverse backgrounds and needs. Many come unprepared for learning with much less exposure to words and books at home. Putting Excite Reading™ in their hands will play a pivotal role in helping more children learn to read successfully; especially, those struggling in schools located in disadvantaged communities."
Lee Peters, Learning Ally's Chief Operating Officer
Districts may apply for the Excite Reading™ PreK-2 Literacy Grant Program from now until December 15, 2022. The program runs from January, 2022 to June, 2023. Educators in awarded schools will work with Learning Ally to implement the solution with fidelity and provide benchmark data and feedback. Implementation training, check-ins, and ongoing support are part of the Grant to ensure educator and student success. Early reading success requires evidence-based instruction in both decoding and language comprehension, which includes exposure to text-based vocabulary and background knowledge. Excite Reading™ complements any core literacy instructional curriculum delivered in any MTSS or RTI program framework. The visually stunning audiobook-eBook format includes access to more than two-hundred authentic human-narrated children's audiobooks and resources. Children can listen as they follow along visually, exploring themes including gardens, insects, music and more, with intentional cross-discipline focus on art, social studies, and science connections. Carefully designed language development lessons build vocabulary and background knowledge, with social-emotional components. Activities and discussion prompts create context to deepen comprehension. Corresponding teacher guides support a higher level of discourse, using relevant vocabulary to express questions, answers, and ideas to stimulate critical thinking. A school-to-home connection encourages family literacy. More than 450,000 U.S. educators work with Learning Ally to improve reading outcomes. The organization's PreK-12 Solutions are grounded in Whole Child Literacy™ – the best practices of the science of reading (brain-based learning), cognitive variables, and environmental and social emotional factors that influence each student's learning ability. Peters adds, "For a child who is not reading at proficiency by the end of third grade, the immediate and long term impact can be dire. Getting ahead of each student's potential struggle through early screening, evidence-based instruction, and an approach that considers the child through a holistic lens, is necessary to ensure all children are prepared to 'learn to read' and to 'read to learn' for their future success. In 2022, Excite Reading™ won the American Consortium for Equity in Education Excellence Award for Best Early Childhood Education Solution, Tech & Learning "Back to School" Award of Excellence in Primary Education, and the Readers' Choice Award in Early Literacy by SmartBrief on EdTech.
About Learning Ally
Learning Ally is a leading education nonprofit dedicated to equipping educators with proven solutions that help new and struggling learners reach their potential. Our range of literacy-focused offerings for students in Pre-K to 12th grade and catalog of professional learning allows us to support more than two million students across the United States.