Scientific Learning

Cherry Tree Advises Scientific Learning on their Sale to Carnegie Learning

INDUSTRY:
Education Technology

DESCRIPTION:
Provider of Online, Reading and Language Learning Software Solutions for K-12

LOCATION:
Oakland, California

TRANSACTION TYPE:
100% Sale to Strategic Buyer

Overview:

In September 2020, Scientific Learning Corporation (OTC PINK:SCIL) (“Scientific Learning”), a provider of neuroscience-based online reading and language software, announced that it had been acquired by an affiliate of Carnegie Learning, Inc. (“Carnegie Learning”), a provider of educational resources and formative assessment, in an all-cash merger transaction valued at approximately $15 million. The rationale for the combination is to strengthen the education technology portfolio of both entities and to further drive forward their joint mission of improving student learning outcomes through leading-edge technology built from and validated by rigorous research.

Jeff Thomas, CEO of Scientific Learning, stated, “Through our combination with Carnegie Learning, we are pleased to deliver value to our shareholders while aligning our company with a highly complementary organization that approaches cutting-edge research and technology solutions for K-12 students with a like-minded mission-driven approach.

Scientific Learning was advised by Cherry Tree & Associates, LLC, due to our specialization in serving education technology companies.

About Scientific Learning

Scientific Learning: Scientific Learning is a leading developer and distributor of SaaS reading instructional products that enhance the processing efficiency of the brain for struggling learners. Scientific Learning’s products have been analyzed and proven effective through numerous research studies performed by marquee institutions. The Company has developed a strong core of loyal customers in K-12 schools and clinical providers located across the globe.

About Carnegie learning

Carnegie Learning: Carnegie learning is a provider of technology enabled education and formative assessment products for middle school and high school students. Carnegie’s solutions are based on scientific research at Carnegie Mellon University and deliver math, ELA, world language, computer science, and professional learning services.

About Cherry Tree & Associates

Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota. Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies. Additionally, it conducts private placements for attractive, entrepreneurially managed growth companies, provides strategic advisory services to CEOs and boards of directors, and prepares fairness opinions and other valuation services.