Lighthouse advises on another exciting EdTech deal

Technology M&A specialist Lighthouse Advisory Partners is pleased to announce that it acted as exclusive M&A advisor to leading UK business-critical software provider, IRIS Software Group, on its acquisition of Contact Group. The acquisition further extends IRIS’ offering in the running of a modern education facility.

Lighthouse, which has extensive knowledge of the EdTech space, was delighted to work on another EdTech deal with the Iris team and contribute to the success of this transaction with critical insight and advice. The value of the transaction during April 2018 was not disclosed.

Contact Group’s multi-award-winning parent engagement software is used by 2,000 UK schools, nurseries and sixth form colleges to help improve school-home communications.

The acquisition further extends the IRIS education software portfolio and its ability to deliver a step-change in school efficiency - a prime objective of many Academy and Academy Trusts. The Contact Group will be integrated into IRIS’ Education Division which includes PS Financials financial management, Results Squared asset management and communications, and ParentMail online payment and parent engagement. 

The IRIS Education Division now provides solutions for nearly 11,000 schools, over 60% of UK Academies and 82% of large Multi-Academy Trusts.

Full details of the transaction can be found here
https://www.psfinancials.com/2018/04/05/contact-group/



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