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New Deal


Announced

Instructure to acquire Kimono.

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

Single Bidder

Domestic

cloud solutions

Pending

cloud-based data integration

Majority

United States

Friendly

Acquisition

Private

Synopsis

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Instructure, an education technology company, agreed to acquire Kimono, a provider of cloud-based data integration and interoperability. Financial terms were not disclosed. "We developed an adaptable, cloud-based platform that is the most comprehensive education interoperability solution available. Adding that technology to the Instructure Learning Platform will accelerate Instructure's plans to provide broad support and deeper integration points to the platform for thousands of edtech providers globally. As a result, schools and higher education institutions will be further empowered to craft the digital learning environment that meets the unique needs of their students," Steve Curtis, Kimono CEO.

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