Newsela Acquires Formative

Summit Partners Leads $70M Minority Growth Investment in Formative

June 15, 2021

Education

Summit Partners led a $70 million minority growth investment in Formative, a SaaS-based K–12 student data and assessment platform, with participation from Emerson Collective, Fika Ventures, MaC/Mac Ventures and Rethink Education. The capital will fund product expansion, increased teacher and administrator support, and international growth while Summit’s Tom Jennings joins Formative’s board.

Newsela Acquires Schoolytics

January 20, 2026

IT Services

Newsela has acquired Schoolytics, an analytics and AI platform used by K-12 districts to measure, monitor, and manage student data. The deal is intended to help districts consolidate fragmented academic, behavioral, engagement, attendance, and progress data into a single view, with integration starting with Balanced Assessment by Formative. Financial terms were not disclosed.

GoGuardian Acquires Edulastic to Add Formative Assessment Capabilities

June 28, 2021

Education

GoGuardian has acquired Edulastic, a next-generation K-12 online assessment platform, to integrate standards-aligned formative assessments into its K-12 digital learning suite. The deal was led by GoGuardian with participation from Sumeru Equity Partners; Edulastic was previously backed by Primera Capital and will expand GoGuardian's instructional capabilities across its large K-12 customer base.

XanEdu Acquires NextLesson

December 16, 2021

Education

XanEdu, a Frontenac-backed educational products and services company based in Ann Arbor, Michigan, has acquired NextLesson, a San Francisco–based provider of Common Core–aligned K–12 courseware and digital lessons. The acquisition expands XanEdu's digital courseware capabilities and integrates NextLesson's LMS-enabled content and grading automation into XanEdu's customized content and delivery offerings for K-12 and higher education.

Yahoo Acquires The Factual

August 23, 2022

Media & Entertainment

Yahoo has acquired The Factual, an algorithm-driven news rating company, to integrate The Factual's media-bias and credibility scoring across Yahoo's news properties. The acquisition (closed August 23, 2022) brings The Factual's founders and technology into Yahoo to improve transparency and trust for Yahoo's global news audience.

Qlik Acquires Talend

May 16, 2023

Data & Analytics

Qlik announced it has closed its acquisition of Talend, combining Qlik’s data integration, analytics, AI and machine learning capabilities with Talend’s data transformation, quality, and governance solutions. The combined entity aims to deliver a broader end-to-end portfolio for accessing, transforming, trusting, analyzing, and acting on data for modern enterprises.