Powerbridge Technologies Acquires 90% Stake in Ascendent Insights Education (AIedu)

Edgewater Equity Partners Acquires Ascent Technologies

January 18, 2024

Cloud & SaaS

Edgewater Equity Partners, a Boston-based private equity firm, has acquired Ascent Technologies, a Chicago-headquartered provider of AI-enabled compliance automation for financial services. The acquisition will support accelerated development of Ascent's regulatory compliance platform and expansion of its AI-driven capabilities for financial institutions.

Applied Insight Acquires Bridges Inc.

February 17, 2021

Cybersecurity

Applied Insight, a portfolio company of The Acacia Group, has acquired Bridges Inc., a Maryland-based cyber security, network engineering and big data analytics firm serving the U.S. intelligence community. The deal brings Bridges' cross-domain, AI analytics and network security capabilities into Applied Insight’s cloud and emulation product suite and expands its IP and mission-focused services for federal/intelligence customers.

Learning Technologies Group Acquires Bridge from Instructure

June 28, 2021

Cloud & SaaS

Learning Technologies Group (LTG) acquired Bridge, a learning, performance and skills development SaaS platform, from Instructure Inc on February 26, 2021. The deal expands LTG's mid-market learning and talent-management capabilities by adding Bridge's LMS, performance and engagement products and its ~80-person team and ~800 customers.

Prometric Acquires EdPower

July 9, 2024

Education

Prometric has completed the acquisition of EdPower, a cloud-based K-12 education solutions provider. The deal combines Prometric's AI item generation and assessment capabilities with EdPower's K-12 assessment, analytics and professional-development tools to expand Prometric's footprint in the K-12 market.

Illuminate Education Acquires FastBridge Learning

June 25, 2019

Education

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.

iCapital Network Acquires AI Insight

January 21, 2021

Financial Services

iCapital Network has agreed to acquire the assets of AI Insight, Inc., an education and compliance platform that provides fund-specific research, training and credentialing for financial advisors focused on alternative investments. As part of the transaction, AI Insight’s executives Sherri Cooke and Jennifer Simon and eight additional employees are expected to join iCapital to integrate AI Insight’s learning management system into iCapital’s advisor-facing alternative investment platform.