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New Deal


Announced

Completed

Centre Lane Partners-backed Echo360 completed the merger with Turning.

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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Majority

Private

Friendly

Acquisition

Single Bidder

Private Equity

Merger

Domestic

software-as-a-service

software development

United States

Software

Completed

Synopsis

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Centre Lane Partners-backed Echo360, a video-based learning platform, completed the merger with Turning, a provider of learning engagement platforms for education, business, and government sectors, to establish the industry's most comprehensive SaaS-based video learning and engagement platform. Financial terms were not disclosed. "Our mission is to create remarkable learning experiences for instructors and learners no matter who they are, where they are, or how they choose to learn, and video is an essential tool to enable the level of engagement we strive for in service to our customers around the world," Murad Velani, Turning CEO.

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