Deal Details

Certica Sale to Instructure

Technology & Services

Certica, a portfolio company of New Harbor, acquisition by Instructure, a portfolio company of Thoma Bravo

Summary

Certica Solutions, Inc. (“Certica” or the “Company”), a portfolio company of New Harbor Capital Management, LLC (“New Harbor”), announced it has signed an agreement to be acquired by Instructure, Inc. (“Instructure”), a portfolio company of Thoma Bravo, L.P. (“Thoma Bravo”). The acquisition is expected to close before the end of the calendar year. Terms of the transaction have not been disclosed.

Baird served as exclusive financial advisor to Certica Solutions, Inc. on this transaction.

About

Certica is an industry leader in K12 assessment and analytics. Certica is dedicated to advancing academic progress and equity in education through measurable improvements in student achievement. Certica's analytic, assessment, and data management solutions provide a foundation for standards-based learning and assessment, as well as teacher data literacy. Founded in 2000, Certica serves more than 1,500 K-12 school districts and numerous charter school organizations and educational service agencies. Certica is headquartered in Wakefield, Massachusetts.

New Harbor Capital is a Chicago-based private equity firm focused on investing in lower middle market, growth-oriented healthcare, education, and business services companies. New Harbor’s Partners have over 80 years of combined experience, partnering with strong management teams to systematically enable accelerated growth in value creation. Since 2000, the New Harbor team has completed over 200 investments. As an experienced strategic partner, New Harbor supports management with ideas, connections, and resources to capitalize on growth potential.

Instructure is a learning management provider that helps people grow from the first day of school to the last day of work. Founded in 2008, more than 30 million people use the Canvas Learning Management Platform for schools and the Bridge Employee Development Platform for businesses. Instructure is headquartered in Salt Lake City, Utah.

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With more than $73 billion in assets under management as of September 30, 2020, Thoma Bravo partners with management teams to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Thoma Bravo has offices in San Francisco and Chicago.

Technology & Services

Certica, a portfolio company of New Harbor, acquisition by Instructure, a portfolio company of Thoma Bravo