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Sumeru Equity Partners-backed GoGuardian completed the acquisition of Edulastic from Primera Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Digital Services

Acquisition

Friendly

assesment services

United States

Private Equity

Private

Single Bidder

Domestic

Majority

Completed

Synopsis

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Sumeru Equity Partners-backed GoGuardian, an education technology company, completed the acquisition of Edulastic, an online assessment platform, from Primera Capital, a venture capital firm based in Oakland. Financial terms were not disclosed. “Gauging student understanding is a vital element of effective teaching and learning. The Edulastic team has created sophisticated, data-driven solutions that provide teachers with real-time, actionable insights that support great teaching and improved outcomes,” Advait Shinde, GoGuardian Co-Founder and CEO.

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