Study.Com Acquires College Prep Tutoring Company, Enhanced Prep

Feb 16, 2023•over 2 years ago

Acquiring Company

Study.com

Acquired Company

Enhanced Prep

Language LearningE LearningEducation

Description

Study.com, one of the most transformational companies in edtech, announced the acquisition of Enhanced Prep, a private virtual tutoring company providing one-on-one and small group customized tutoring. The acquisition will combine Study.com's leading online platform with Enhanced Prep's world-class tutoring to provide personalized learning at scale.

Company Information

Company

Study.com

About

Study.com enables learners and educators to meet their academic and professional goals through K12 curriculum, college courses, tutoring and test preparation. Used in over 10,000 school districts across the nation, Study.com is recognized by Every Student Succeeds Act (ESSA) for meeting Level IV evidence standards. Headquartered in Mountain View, CA, Study.com is named on the 2022 and 2023 GSV 150, a list of the world's most transformative private companies in education. The company has donated over $27 million across social impact programs committed to the mission of Making Education Accessible. These programs include Working Scholars®, an accelerated pathway for working adults to earn a debt-free bachelor's degree, and Keys to the Classroom, which seeks to help aspiring educators prepare for and pass their teacher certification exams. SOURCE Study.com

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