After a frenzied year of hitting the M&A books hard, Frontline Education of Malvern is itself being bought out by private equity firm Thoma Bravo.
The new acquisition of Frontline Education’s industry-leading school administration SaaS won’t expel any of the team’s management or workforce, including CEO Tim Clifford, and the Malvern headquarters will stay too, according to a Philadelphia Business Journal report by Michelle Caffrey.
“Under Tim’s leadership, Frontline has become one of the preeminent technology solutions providers focused on the human capital needs of K-12 school districts,” said Thoma Bravo Managing Partner Hold Spaht. “We look forward to supporting the company’s growth, both organically and through strategic acquisitions, while maintaining the high level of customer service for which Frontline is known.”
The company’s former owner, Insight Venture Partners, will also stay on as a minority investor.
“Our relationship with Insight Venture Partners has built incredible momentum for Frontline in our efforts to better serve the education community, and we look forward to continuing that momentum via our partnership with Thoma Bravo,” Clifford said.