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Press Release: myON [February 21, 2017]

Tyton Partners advises Francisco Partners on acquisition of myON from Capstone

STAMFORD, CONNECTICUT -¬ Tyton Partners, the leading provider of investment banking and strategy consulting services to the global knowledge sector, announced today that Francisco Partners has acquired myON from Capstone. Tyton Partners acted as exclusive financial advisor to Francisco Partners. Terms of the transaction were not disclosed.

Since its launch in 2011, myON has established itself as the fastest growing digital literacy company for the K‐12 education market. myON expands the classroom for teachers and students by providing unlimited access to the largest collection of over 13,000 enhanced digital books with multimedia support, real-time assessments, and a growing Literacy Toolkit that enhances the myON literacy ecosystem. Over 7.5 million students throughout 49 states within the U.S. and 20 countries worldwide currently have access to myON.

"MyON has an enhanced personalized learning platform with demonstrated leadership and scale in the high‐growth digital literacy market" said Chris Curran, Founder and Managing Partner of Tyton Partners.

myON has led major implementations of its software in some of the U.S.' largest school districts, including Hillsborough County (Tampa Bay area), Houston, Miami-¬Dade County, Clark County (Las Vegas), and the New York City Department of Education. The unit offers titles from over 60 premier K‐12 publishers and media brands that recognize the power of the myON platform to deliver content to millions of students.

"myON offers a differentiated platform that can leverage into Francisco Partners' technology network of relationships and experts to build on its current success," adds Vivek Kamath, Partner and Managing Director at Tyton.

Since its launch over a decade ago, Francisco Partners, a leading technology investment firm, has raised over $10 billion and invested in more than 150 technology companies, making it one of the most active investors in the industry.

About Tyton Partners

Tyton Partners is the leading provider of investment banking and strategy consulting services to the global knowledge sector. With offices in Boston, Stamford, CT, and Chicago, the firm has an experienced team of advisors who deliver a unique spectrum of services, from strategy and market development decision-support to mergers and acquisitions and capital markets access, that helps institutions, companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and unparalleled level of global relationships to make its clients' aspirations a reality and catalyze innovation in the sector.

For more information, visit Tyton Partners or follow us @tytonpartners.

About Francisco Partners

Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised over $10 billion and invested in more than 150 technology companies, making it one of the most active investors in the industry. The firm invests at all stages of business growth, where the firm's deep sub‐sector knowledge and operational expertise can help a company realize its full potential.

About myON

myON has created a personal digital literacy environment that transforms learning. myON expands the classroom for teachers and students by providing unlimited access to the largest collection of more than 13,000 enhanced digital books with multimedia supports, real-¬time assessments, and a growing Literacy Toolkit that enhances the myON literacy ecosystem. myON empowers students and teachers with real-time, actionable data—number and type of books opened and read, time spent reading, results of regular benchmark assessments, and more— based on embedded Lexile assessments that measure student reading and writing growth. With myON, every student experiences the benefits of personalized literacy instruction to propel them to new and unlimited learning opportunities. For more information, visit http://about.myon.com.

About Capstone

Capstone is a leading publisher of children's books, digital solutions and services, literacy programs, and K–12 professional development resources. Capstone creates content and interactive experiences in a variety of print, digital and blended media formats for school libraries, classrooms, and at home reading including the award-¬winning PebbleGo and PebbleGo Next research databases for elementary schools. For more information, visit www.myCapstone.com.


Summary: Tyton Partners, the leading provider of investment banking and strategy consulting services to the global knowledge sector, announced today that Francisco Partners has acquired myON from Capstone. Tyton Partners acted as exclusive financial advisor to Francisco Partners. Terms of the transaction were not disclosed.
Publication Year:2017
Type of Material:Press Release
LanguageEnglish
Date Issued:February 21, 2017
Publisher:myON
Company:
Company: myON
Subject: Mergers and acquisitions
Permalink: https://librarytechnology.org/pr/22304

LTG Bibliography Record number: 22304. Created: 2017-03-02 06:06:36; Last Modified: 2017-03-02 15:34:28.