Progress Learning Acquires Horizon Education To Strengthen And Enhance College Test Prep Offering
Jun 23, 2022•over 3 years ago
Acquiring Company
Progress Learning
Acquired Company
Horizon Education
Description
Progress Learning, LLC, a leading nationwide provider of online K-12 standards-aligned learning solutions, is pleased to announce the acquisition of Horizon Education, LLC, a provider of postsecondary readiness programs aimed at helping high school students prepare for graduation and college entrance exams, including the SAT, PSAT, ACT, and PreACT.
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