Frontline Education, a Malvern, Pa.-based K-12 administration software provider, intends to buy Perennial EdTech, a Roseville, Calif.-based holding company of K-12 curriculum, assessment and resource management tools. The acquisition is expected to close in the coming weeks.
The acquisition comes days after hiring a new CEO, Mark Gruzin. Gruzin previously served as president of global markets for Blackboard and held multiple executive roles in IBM’s software group, according to a statement Tuesday.
Founded in 1998, Frontline bought Perennial to add more services to its existing suite of tools that are focused on reducing backend administrative workload and increasing efficiency for school officials, and providing better insights into teaching and learning, according to a statement Thursday.
This is Frontline’s 13th acquisition, which most recently acquired payroll and benefits platform Prologic Technology Systems last year. Frontline is currently owned by private equity firm Thoma Bravo, which acquired the company in 2017 in a deal that valued it at more than $1 billion.
Founded in 2017, Perennial is made of five product lines: education payroll tool Escape Technology; school business software Digital Schools; curriculum, assessment and accountability software eDoctrina; school health manager Healthmaster; and classroom and student management provider Software Answers. All companies will operate their services as usual.
Frontline claims to have partnered with organizations representing 80,000 schools and serve millions of educators, administrators and support personnel.
