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March 9, 2013 06:20 am GMT
The EdTech space is growing fast -- from every angle -- talent is starting to cross over from consumer-facing companies, schools are looking to go digital, national policy is changing and student debt is out of control. While there's a lot of early-stage capital flowing into the market, the follow-on money is much more scarce. To support the growth of the ecosystem and encourage young startups and entrepreneurs to keep building, they need the security of exit opportunities. The space needs the more mature education technology companies to become those targets.Desire2Learn, the online learning platform based out of Waterloo, Ontario in Canada that raised $80 million in September 2012, looks to be stepping up to the M&A plate. Today, we've learned, and confirmed, that the company is making its second acquisition in as many months withWiggio, the collaboration platform for students.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wE2xxyXKbgE/
Flush With $80M, Desire2Learn Buys Anti-Sharepoint For Students Platform Wiggio, Its 2nd Acquisition In 2 Months
The EdTech space is growing fast -- from every angle -- talent is starting to cross over from consumer-facing companies, schools are looking to go digital, national policy is changing and student debt is out of control. While there's a lot of early-stage capital flowing into the market, the follow-on money is much more scarce. To support the growth of the ecosystem and encourage young startups and entrepreneurs to keep building, they need the security of exit opportunities. The space needs the more mature education technology companies to become those targets.Desire2Learn, the online learning platform based out of Waterloo, Ontario in Canada that raised $80 million in September 2012, looks to be stepping up to the M&A plate. Today, we've learned, and confirmed, that the company is making its second acquisition in as many months withWiggio, the collaboration platform for students.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/wE2xxyXKbgE/
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