Technology

    Enhancing digital connectivity opportunities for schools and institutions globally

    Macquarie Capital served as sell-side advisor to Finalsite on its sale to Veritas Capital

    Sector Technology
    Sub-sector Education Services and EdTech
    Location Americas

    Opportunity

    As a result of COVID-19, expectations of enhanced digital connectivity – in schools, at work and at home – are now higher than ever. 

    Founded in 1998, Finalsite is a leading online platform that provides schools, districts and institutions with website and digital communications tools. Finalsite’s software as a service (SaaS) solutions transform the ways in which schools, districts and institutions engage with community members, recruit students and staff, and fundraise; while managing the complex requirements around data privacy, accessibility, hosting and security. 

    Based in Glastonbury, Connecticut, Finalsite is currently used by more than 8,000 schools and universities spanning 115 countries.1


    Approach

    When Finalsite was looking for a sell-side advisor to facilitate its next growth stage, it chose to partner with Macquarie Capital’s Software & Services franchise.

    Along with the team’s extensive track record supporting diverse transactions across the global EdTech landscape, its ability to leverage deep expertise and cross-sector network to connect Finalsite with a targeted group of strategic financial investors stood out.

    The team was able to successfully position Finalsite to drive value off 2022 budgeted numbers given school year and sales cycle visibility, driving significant value for the company’s shareholders. 

    Macquarie Capital acted as sell-side financial advisor to Finalsite on its acquisition by Veritas Capital, a leading investor in providers of technology-enabled products and solutions. 

    Outcome

    The acquisition by Veritas will provide further opportunities for Finalsite to expand its digital software platform across the primary and secondary education market. Veritas’ resources and significant industry expertise as an investor will also allow Finalsite to explore further domestic and international growth and M&A opportunities. 

    Finalsite’s acquisition represents a leading platform investment for an experienced education and software investor, solidifying Veritas’ portfolio of market-leading enterprise software assets in global education. 

    20+ year history

    Delivering best-in-class products

    8,000

    Clients spanning schools, universities and institutions

    115

    Countries using Finalsite’s digital communications products

    Headshot of Sam Shah
    The Finalsite team has done an exceptional job at growing the Composer admissions and communications platform over the past few years while integrating and cross selling to newly acquired businesses. Their digital-first platform for K-12 communications puts Finalsite in a leading position to address urgent and critical requirements that schools continue to face due to school closures and remote learning.” 

    Sam Shah
    Global Head of Software & Services 

    1. Data relevant as of 1 December 2021

    Related insights

    Filter0 items

    Filter

    Technology and services

    View results

    No results message:
    Displayed when filters returns no results.

    Service unavailable:
    Displayed when filter service cannot be reached.

    Sorry, this service is currently unavailable.

    Please try again later.