Malvern-based Frontline Education, which develops administrative software for K-12 school districts, is continuing to expand through acquisitions with the purchase of Forecast5 Analytics, writes Michelle Caffrey for the Philadelphia Business Journal.
This is the edtech company’s second acquisition in as many months. The financial terms of the deal have not been disclosed.
Frontline’s owner, Chicago-based private equity firm Thoma Bravo, acquired Forecast5 from Riverwood Capital, another private equity firm.
Forecast5 develops software that helps school districts use data to predict financial outcomes and student performance, among other things. The software includes tools such as geo-visual analytics and dashboards.
Unlike the November addition of special education software company SuccessEd, which expanded on Frontline’s existing expertise, the purchase of Forecast5 brings something new to the table with its focus on data analytics.
“This is an example of something where we’re really introducing a very new type of value to our client base,” said Frontline Chief Product Officer Kevin Haugh.
Frontline currently serves more than 80,000 schools nationwide and operates 10 offices across the country. This latest acquisition adds 150 Forecast5 employees to the company, bringing the total to nearly 850.
Read more about Frontline Education in the Philadelphia Business Journal here.