Tes Global Buys Edval to Add Scheduling to Portfolio of Teachers Tools

Mergers and Acquisitions

Tes Global Buys Edval to Add Scheduling to Portfolio of Teachers Tools

Dec 3, 2019

Tes Global, a London-based provider of training and networking tools for teachers, has purchased Edval, a Surry Hills, Australia-based provider of school timetabling software. Terms of the deal were not disclosed.

Founded in 1910 as a newspaper supplement, Tes made the acquisition to expand its portfolio of school-focused software, according to a statement Tuesday. Tes claims to serve 13 million teachers across 25,000 schools worldwide. Tes employs over 600 people across 20 offices.

Founded in 1998, Edval claims to have served thousands of teachers and pupils across Australia and Southeast Asia.

This isn’t the first acquisition for Tes. Past conquests include digital materials services provider Blendspace in 2014, university jobs database provider Unijobs in 2015 and, earlier this year, safety training services provider EduCare.

In January, private equity firm TPG Capital sold Tes Global to another private equity firm, Providence Equity Partners for a reported 250 million to 300 million British pounds (about $325 million to $390 million).

Scheduling and other administrative product providers in education have attracted investor attention recently. Sawyer raised $11 million in May, Coursedog raised $1.25 million in June and Stellic raised $3.1 million in October.

Recent acquisition activity in this space has included Noodle’s purchase of Clark, which provides scheduling and other services for tutoring businesses, and scheduling service provider Abl’s purchase of School by Design.

 

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