INST - Instructure To Acquire MasteryConnect For K-12 Assessment Tech
Quick Take
Instructure (INST) announced it has agreed to acquire MasteryConnect for $42.5 million.
MasteryConnect operates as a web-based K-12 assessment and curriculum company.
With the acquisition, INST will be able to offer a significantly expanded bundle of capabilities to schools resulting in better student performance.
The deal with partner MasteryConnect should have minimal integration and execution risk and makes excellent strategic sense for Instructure’s K-12 growth efforts, both domestically and internationally.
Target Company
Salt Lake City, Utah-based MasteryConnect was founded in 2009 to provide formative and interim K-12 education assessment solutions with