AUSTIN, Texas – (BUSINESS WIRE) – January 11, 2022–
Lightspeed Systems (“Lightspeed”), a trusted partner in safe and efficient learning, today announced the acquisition of ENA’s subsidiary CatchOn, Inc. (“CatchOn”). CatchOn is a leading provider of learning analytics for schools, and with this acquisition Lightspeed is accelerating its mission of delivering goal-driven technology that drives safe and effective learning solutions for students in the classroom. Kindergarten to Grade 12 through a growing network of over 32,000 schools. Lightspeed completed this transaction with continued investment support from funds affiliated with Madison Dearborn Partners, LLC (“MDP”), a leading Chicago-based private equity firm. Terms of the transaction were not disclosed.
Founded in 2016, CatchOn is a real-time data analytics provider that captures and shares information about technology use, data privacy, and student engagement to create more effective and focused educational strategies. on students. CatchOn empowers administrators to make data-driven decisions about student engagement and technology investment that improve learning outcomes and enable better learning experiences for all students. Combining Lightspeed’s market-leading online security ecosystem with CatchOn’s pioneering data analytics tools creates a comprehensive and unprecedented suite of learning solutions tailored to meet the changing needs of educators and their students. .
“We are delighted to welcome CatchOn to the Lightspeed community,” said Brian Thomas, President and CEO of Lightspeed Systems. “Investing in education technology has never been more important or more critical as administrators strive to better understand the technologies they implement, analyze the results and maximize the positive impact of educators on the lives of students. CatchOn’s innovative data analysis tools are highly complementary to Lightspeed’s web filtering, analytics, and online monitoring solutions. Together, we will have the technologies, capabilities and the team to accelerate our mission of ensuring student safety and fair and effective learning.
Jena Draper, Founder of CatchOn, added, “Since 2016, CatchOn has enabled education leaders to measure the effectiveness and utilization of their investments in online software applications. At Lightspeed, we’re confident we’ve found the right home for our data analytics tool. With Lightspeed’s leadership in online security oversight and highly complementary capabilities, our combined company is well positioned to become an even stronger partner for a growing network of educators.
Michael McKerley, President of ENA, said: “We are proud of the work we have done with CatchOn since 2018. With its proven technology, exceptional team and strong momentum, CatchOn is poised for a bright future with Lightspeed. We are confident that CatchOn customers will benefit from the enhanced services that the combination of Lightspeed and CatchOn will provide, and we wish the entire CatchOn team the best as they enter their next phase of growth.
With the support of MDP, Lightspeed continues to expand its presence in the growing domestic and international market for web filtering and reporting, analytics, mobile device management and classroom management. In 2021, the Lightspeed product team launched several innovative tools, including the Lightspeed Parent Portal ™ and Lightspeed Alert ™ with 24/7/365 human review.
William Blair & Company acted as financial advisor to Lightspeed and Alston & Bird provided legal advice. Evercore acted as financial advisor to CatchOn and Kirkland & Ellis and Bradley Arant Boult Cummings LLP provided legal advice.
About Lightspeed Systems ®
With over 20 years of experience providing technology to meet the needs of schools, Lightspeed Systems® is the market leader in online student safety and efficiency. Lightspeed ecosystem of cloud solutions specifically designed to meet today’s evolving challenges provides schools around the world with the Web Filter, Student Safety Monitor, Classroom Management Software, Management Tool most efficient devices and analysis program available. Lightspeed Systems is a proven partner for schools, serving more than 20 million students in 39 countries and 32,000 schools worldwide. To find out more, visit www.lightspeedsystems.com.
CatchOn is a comprehensive data analytics tool that enables K-12 leaders to quickly and efficiently calculate ROI for their digital tools, track student engagement at district, district level, school, course and / or students, and strengthen their data privacy compliance. efforts. For more information, please visit https://www.catchon.com/, call 866-615-1101 or email [email protected]
About Madison Dearborn Partners, LLC
Madison Dearborn Partners, LLC (“MDP”) is a leading Chicago-based private equity firm. Since MDP’s inception in 1992, the company has raised total capital of over $ 28 billion and made over 150 investments. MDP invests in five dedicated verticals, including basic industries; commercial and government software and services; financial and transactional services; health care; and telecommunications, media and technology services. For more information, please visit www.mdcp.com.
ENA, a ZMC portfolio company, provides transformative technology solutions backed by exceptional customer service. Since 1996, we’ve worked with our customers to design and build high-capacity, future-ready connectivity, communications, cloud, security and data analytics solutions. For more information, please visit www.ena.com, call 866-615-1101 or email [email protected]
View source version on businesswire.com:https://www.businesswire.com/news/home/20220110006106/en/
CONTACT: For Lightspeed systems:
Ida Yenney, KCPR
For Madison Dearborn partners:
Deirdre Walsh / Hannah Gould
Abernathy Mac Gregor
For the ENA:
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY OTHER TECHNOLOGY DATA MANAGEMENT
SOURCE: Lightspeed Systems
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PUB: 11/01/2022 08: 00 / DISC: 11/01/2022 08:02