Basis State Announces Acquisition of Client Company EduLync
Basis State, LLC is pleased to announce the successful acquisition of client company EduLync by a leading educational software company. Basis State served as an operating and M&A services provider to EduLync.
Founded in 2014, EduLync created an online solution providing special education professionals time-saving tools to help with data collection, individualized teaching materials, and goal writing. Their successful, self-funded business enabled over 40 districts and 350 educators to better service their student’s requirements.
Basis State was engaged with EduLync for four months, during which time it assumed responsibility for all operations, including technology, sales and customer support. After achieving profitability for EduLync, Basis State began marketing the asset to potential acquirers. As part of its M&A service, Basis State created an acquisition thesis, targeted a segmented lead list based on that thesis, built a fully populated data room, and provided guidance to both the financial and business aspects of the acquisition.
Said Helen Fuller, Founder of EduLync, “We could not have been more pleased with our relationship with Basis State. They saw the value in the product we had built and the impact we were making in the special ed market. Paolo and Tim were able to quickly scale our profitability and fill in the gaps with their solid technical, marketing and business expertise. We are thrilled with the acquisition and happy that EduLync will continue to help teachers and students by being integrated with one of the leading tech products in the special education industry.”
“As experts in the field of special education, the EduLync founders created a differentiated asset in the structure and content of their platform,” said Basis State Managing Partner Paolo DiVincenzo. “Ultimately, we were able to convey to the market how acquiring the asset was an efficient path to substantial product improvement.”
Basis State offers services to help software companies find exits.