Cengage Group Announces Agreement To Acquire Infosec

Jan 31, 2022•over 3 years ago

Acquiring Company

Cengage Group

Acquired Company

Infosec

BostonSoftwareEducationGovernment And MilitaryMedia And EntertainmentInformation Technology

Description

Cengage Group, a global education technology company serving millions of learners, entered into an agreement to acquire Infosec, a leading cybersecurity education provider, for $190.8 million. With this acquisition, Cengage Group will expand into the cybersecurity professional training market and meaningfully increase the size of its rapidly growing Workforce Skills business. The transaction is expected to close in the first calendar quarter of 2022, subject to the satisfaction of customary closing conditions and regulatory approvals.

Company Information

Company

Cengage Group

Location

Boston, Massachusetts, United States

About

Cengage Group, a global education technology company serving millions of learners, provides affordable, quality digital products and services that equip students with the skills and competencies needed to be job ready. For more than 100 years, we have enabled the power and joy of learning with trusted, engaging content, and now, integrated digital platforms. We serve the higher education, workforce skills, secondary education, English language teaching and research markets worldwide. Through our scalable technology, including MindTap and Cengage Unlimited, we support all learners who seek to improve their lives and achieve their dreams through education.

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M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed