CTO Labs supports Education Perfect in Acquiring Essential Assessment, becoming largest EdTech platform in Australia
CTO Labs has provided Tech M&A advisory services as part of Education Perfect acquiring Australia’s leading primary school assessment platform Essential Assessment. Education Perfect now the largest EdTech platform in Australia.
CTO Labs has supported Education Perfect (EP), Australia and New Zealand’s leading K-12 education technology provider, in their acquisition of Essential Assessment (EA), Australia's largest primary school assessment platform. The acquisition expands EP's reach to 4,000 schools and more than a million students across Australia, establishes the company as one of the largest EdTech platforms in the region.
EP is a leading digital platform which supports the engagement of students in online learning, provides effective assessment during the learning process, and enables teachers to seamlessly collect and analyse student data.
EA is Australia’s leading primary school assessment platform for literacy and numeracy, used by over one third of primary schools in the country.
With the addition of Essential Assessment, EP strengthens its position as educators’ preferred platform for data analytics, content, and assessment capabilities across all grade levels.
The acquisition adds 2,500 schools to Education Perfect's portfolio, allowing for a comprehensive K-12 view of student capabilities and helping teachers and principals make data-driven decisions to improve student achievement.
CTO Labs acted as Technical Due Diligence Advisor to Education Perfect, working closely with teams on both sides of the acquisition. Scope included software development, infrastructure, code forensic analysis, and IP Licence Analysis, to identify opportunities, manage risk and help uncover the full potential of the proprietary tech of EA as part of integration.
The CTO Labs M&A team included Joshua Hinton, Gavin Allan, Kitson Kelly, David DeAngelis & Stephanie Caterina.
Joshua Hinton, CTO Labs M&A Tech Practice Lead said “Technology is revolutionising the education sector, and by enhancing learning, teaching and decision making in schools Education Perfect and Essential Assessment are a testament to that. We congratulate both teams on the acquisition, one that we have been delighted to support,” he said.
Loucas Gatzoulis Chief Technology Officer of Education Perfect said that “As a specialist Education technology platform, proprietary tech and methods, including integration planning, have been central to the Education Perfect acquisition of Essential Assessment. CTO Labs provided deep technical insight in a way that we could act on with clarity and confidence. It was extremely useful having them as part of the deal team,” he said.
More at Education Perfect Media Release.
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