Boathouse Capital Supports Atomic Learning’s Acquisition of Versifit Technologies
July 16, 2015
Boathouse Capital (“Boathouse”) is pleased to support Atomic Learning, an existing portfolio company, in its most recent acquisition, Versifit Technologies (“Versifit”). Boathouse Capital in partnership with Renovus Capital provided acquisition financing to support the transaction. Founded by educators in Little Falls, MN, Atomic Learning (www.atomiclearning.com [http://www.atomiclearning.com]) knows education and is proud to provide millions of learners at the K-12 and higher education levels with superior digital resources.
Versifit Technologies (www.versifit.com) is a leading provider of end-to-end data warehousing and analytic reporting solutions to school districts throughout the United States. Founded in 1998 and headquartered in Appleton, WI, Versifit Technologies provides their customers with exceptional products, service, and long term stability while maintaining one of the highest customer retention rates in the education industry.
“We found one of the top leaders in data warehousing, data analytics and data-driven decision dashboards in education,” said Lisa Barnett, CEO. “The acquisition of Versifit was critical to continuing our dedication to bringing revolutionary solutions to the market that help address the common challenges education leaders face.”
With the addition of Versifit (and their flagship product Edvantage), Atomic Learning can further support education leaders seeking to revolutionize teaching and learning through the powerful connection of all of their data points into actionable tools for decision making. Combined with Atomic Learning’s vast collection of eLearning on the most critical topics facing educators, data can be coupled with targeted professional learning – all of which is ultimately about helping students get more out of learning.
“Atomic Learning has performed at an extraordinary level throughout our partnership with a strong commitment to providing schools and universities with high-quality solutions to impact teaching, learning and life. The acquisition of Versifit is a perfect example of Atomic never settling for the status quo and why they continue to excel as an extremely valuable partner,” said Bill Dyer, Partner.
DecisionPoint International served as exclusive advisor to Versifit Technologies in this transaction.