Literacy and assistive technology software vendor Texthelp and education management systems provider n2y have merged, in a move expected to retain Rothschild alternative-assets arm Five Arrows as majority shareholder.
Martin McKay, chief executive of Texthelp. said combining the companies would help them grow their market, citing a goal of serving a billion customers worldwide by 2030.
“Addressing diverse needs in schools and in the workplace is not simply a legal requirement, it’s a cultural imperative. Uniting our teams means … we can also make a deeper, richer impact on people’s lives,” McKay said in a Texthelp press statement.
As Texthelp, the vendor served 200 million customers so far.
According to Texthelp, n2y has been a “trailblazer” in special education curriculum resources, with Texthelp a vendor of literacy and assistive applications such as Read&Write, a text-reading, literacy and editing tool targeting neurodiversity requirements in schools and workplaces.
Ed Holmes, chief executive at n2y, said their approach was about focusing on individual learner needs, rather than categories of learner.
“Together, we will offer robust solutions for schools, universities and employers, to support their people to build the confidence, knowledge and skills to be independent and successful,” Holmes said in the same announcement.
N2y markets curriculum, behaviour, communication and US-focused Individuals with Disabilities Education Act (IDEA) document management offerings, it said, including online task and document management system Polaris and behaviour management application Positivity.
Both US vendors were backed by Five Arrows, with Providence Equity Partners and Verdane continuing as minority investors as well, the announcement said.
According to Texthelp, the merged vendor will be “committed” to “bridging the gap” between education and the workplace to support individuals whether in a classroom, office, conference room or boardroom.
( Image by Bianca Van Dijk from Pixabay )
