Collabco sale creates new global force in education software market
Collabco – the UK company behind the student engagement platform myday – has been acquired by US-based Ready Education in a deal that brings together three market leaders across Europe and North America, with Netherlands-based StuComm also being acquired.
Collabco, a software development specialist based in Liverpool, launched myday in 2013 and it is now used by leading educational institutions worldwide. myday provides a digital campus for university students around the globe, including delivering resources like timetables, access to the virtual learning environment, printing and library services, transport timetables and even the menus of on-campus eateries, straight to students’ smartphones.
Callum Sellar of Dow Schofield Watts’ corporate finance team and David Smith and Keith Benson of DSW Ventures advised the shareholders of Collabco on the deal.
Callum Sellar said: “It has been a pleasure to support the Collabco shareholders on this transaction. Collabco has an impressive track record in rolling out its product myday across the UK and abroad. This transaction demonstrates continued interest from overseas purchasers in quality UK tech companies and we expect to see the business flourish under Ready Education’s ownership. It also shows how we can our also leverage the considerable tech credentials and capabilities of the DSW Ventures investment team.”
“Collabco has been able to have a significant impact on student lives thanks to the hard work and commitment of the team,” said Andrew Taylor, CEO of Collabco. “I am hugely excited to see this impact magnified by joining with Ready Education and StuComm to become a truly global force in student engagement.”
Shoosmiths provided legal advice to Collabco shareholders on the deal.