Announced
Completed
Financials
Tags
Acquisition
Software
United States
Education Services
Friendly
learning platform
Single Bidder
Domestic
Private
Majority
Private Equity
educational software
Completed
Synopsis
Francisco Partners, a private equity firm, completed the acquisition of Litmos, a developer of saas-based learning management platform from SAP, a firm that develops, markets and sells enterprise application software products for corporations, government agencies and educational institutions. Financial terms were not disclosed. “We are delighted to partner with Litmos and support its re-emergence as an independent company. We are investing in Litmos to accelerate growth by investing in and expanding the Litmos team, advancing product development and marketing, and expanding customer success.” Jason Brein and Christine Wang, Francisco Partners.
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