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.
CORPORATE EDUCATION AND TRAINING, TALENT DEVELOPMENT
Prescient | September 16, 2022
Prescient, a biopharma product and portfolio strategy firm, has announced the launch of its learning and development platform – Prescient Academy.Developing its staff is a strategic priority for Prescient, and its vision is to empower people to fulfill their potential and enable them to succeed. To this end, the firm has heavily invested in a world-class learning and development platform to elevate the capabilities of its people and become a more dynamic partner to its pharmaceutical clients.The Prescient Academy will deliver a blend of learning experiences, ranging from in-person workshops delivered across the firm's global offices to virtual or hybrid events and, crucially, a new digital platform with on-demand resources to support learning anytime, anywhere. The platform will enable Prescient team members to access on-demand digital learning from both in-house experts and external faculty; specialist content to expand their capabilities and expertise; a calendar of learning and development events so they can better plan their learning journey; and a dedicated space for social learning, where individuals can pose questions, start debates or upload content, so everyone at Prescient can continually learn from each other.
"It is so exciting to be leading the Learning & Development team as we embed a culture of continuous learning,Developing people is regarded as one of the strategic levers to help Prescient achieve its ambitious growth objectives and enable us to deliver the very best solutions to our clients. I am proud of the work my team is doing, in collaboration with business leaders and subject matter experts across the firm. The platform we are building will ensure our people have the skills to perform at their very best and accelerate the performance of new joiners."
Diane Whelan, Director and Head of Learning at Prescient.
Prescient® is a pharma services firm specializing in dynamic decision support and product and portfolio strategy. We partner with our clients to turn science into value by helping them understand the potential of their molecules, shaping their strategic plans and allowing their decision making to be the biggest differentiating factor in the success of their products. When companies partner with Prescient, the molecules in their hands have a greater potential for success than the same science in the hands of their competitors. Founded in 2007, Prescient is a global firm with a footprint in 10 cities across three continents. Our team of more than 500 experts partners with 27 of the top 30 biopharmaceutical companies, the fastest-growing mid-caps and cutting-edge emerging biotechs, including some of the biggest and most innovative brands. More than 80% of our employees hold advanced life sciences degrees, and our teams deliver an impressive depth of therapeutic, clinical and commercial expertise.
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