KKR to Invest in Leading ANZ Edtech Company Education Perfect
on June 23 2021 7:00 AM
DUNEDIN, New Zealand & SYDNEY (BUSINESS WIRE) Leading Australian and New Zealand education technology (“edtech”) company Education Perfect (“EP” or the “Company”), global investment firm KKR, and Australia-based private equity firm Five V Capital today announced the signing of definitive agreements pursuant to which KKR will acquire a majority stake in the Company.
EP, a certified B Corporation, empowers students, teachers, parents, and school leaders by providing them with rich data insights and tools for automated marking, feedback, secure assessment, differentiation, and more. EP also offers tens of thousands of high-quality pre-built lessons. Founded in 2007, EP’s work is grounded in the belief that the provision of accessible edtech solutions fosters a more diverse and inclusive education ecosystem. EP is currently being used by more than 3,000 schools, 50,000 teachers and 1 mi
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VendorPanel
VendorPanel, a leading Australian procurement platform operating in the US, Canada, Australia and New Zealand, announced today it has secured A$4.3 million in Series B capital from new and existing shareholders.
The company is a leader in the Australian ProcureTech market, with over 250 Customers and more than 1,000 corporate and government buying organisations actively purchasing via the platform. The investment will accelerate the company’s US entry following a successful launch in January 2021.
“We’ve developed an innovative solution to a big problem and have proven it in the Australian market,” said VendorPanel CEO James Leathem. “It’s pretty incredible that this same opportunity exists in the United States, and that it’s currently wide open. Not only is this an awesome opportunity in its own right, but it creates a beachhead to the broader US market where annual state and local government procurement is worth over US$1.5 trillion. We’re excited to