Goguardian Acquires Tutorme, Bringing One-On-One Online Tutoring To Students Across The U.S.
Jun 27, 2022•about 3 years ago
Acquiring Company
GoGuardian
Acquired Company
TutorMe
Description
ISTE 2022 – GoGuardian, the leading education technology company helping create more effective and safer learning environments, today announced the completion of its acquisition of TutorMe, an online tutoring solution creating access and opportunity for all students. With the addition of TutorMe to GoGuardian’s family of education solutions, nearly 25 million public K-12 students — one in two — now benefit from GoGuardian technology as part of their learning journey.
M&A Insights
Based on deal dataIntegration 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