Lighthouse Advisory Partners delighted to announce fourth education technology M&A 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 Biostore Ltd.

The acquisition further extends IRIS’ offering in the running of a modern education facility by adding Biostore’s identity management and cashless catering solutions to its portfolio.

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 transaction completed during December 2018, the transaction value wasn't disclosed.

BioStore’s identity management and cashless catering solutions are used by over 3,000 UK schools and sixth form colleges to improve and streamline access control and how catering services are delivered.

The acquisition extends the IRIS education portfolio, providing solutions to manage all aspects of school management, including finance, assets and communications. Its ability to deliver a step-change in school efficiency and achieve value for money in the use of resources is a prime objective of many Academy and Academy Trusts.

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



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