Illuminate Education Acquires FastBridge Learning
June 25, 2019
Illuminate Education, a PE-backed provider of K-12 assessment and data systems, has acquired FastBridge Learning, an evidence-based K-12 assessment platform developed with researchers from the University of Minnesota. FastBridge's ownership group — including founders Dr. Ted Christ and Dr. Zoheb Borbora, CEO Terri Soutor, and the University of Minnesota — was advised by Cherry Tree on the transaction; Illuminate is backed by Insight Venture Partners.
- Buyers
- Illuminate Education, Insight Venture Partners
- Targets
- FastBridge Learning
- Sellers
- Dr. Ted Christ, Dr. Zoheb Borbora, Terri Soutor, University of Minnesota
- Platforms
- Illuminate Education
- Industry
- Education
- Location
- Minnesota, United States
- Transaction Type
- Addon
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