ANATOMY OF AN EDTECH ACQUISITION: Pivot Interactives sale to Discovery Education

What's involved in selling an edtech company?
What motivates founders of a growing edtech company to sell?
How do you go about finding a buyer?
What is the difference between a "strategic buyer" vs. a "financial buyer"?
What does a "strategic buyer" look for in an edtech acquisition?

Explore these and other questions at our next virtual event when we bring together the co-founders of Pivot Interactives SBC and the officer from the strategic buyer--Discovery Education--who put the deal together.

Pivot Interactives and its co-founders have been active members of the EdNorth community since our beginning in 2014. In 2020 Pivot Interactives was named winner of the MN Cup's Education & Training Division. The company was also recently mentored by Minnesota Emerging Software Advisory (MESA).

Discovery Education is the worldwide edtech leader whose state-of-the-art digital platform supports learning wherever it takes place. Through its award-winning multimedia content, instructional supports, and innovative classroom tools, Discovery Education helps educators deliver equitable learning experiences engaging all students and supporting higher academic achievement on a global scale. Discovery Education serves approximately 4.5 million educators and 45 million students worldwide, and its resources are accessed in over 100 countries and territories. Inspired by the global media company Discovery, Inc., Discovery Education partners with districts, states, and trusted organizations to empower teachers with leading edtech solutions that support the success of all learners.

Panelists:

• Peter Bohacek: Co-founder and former CEO, Pivot Interactives SBC
• Matt Vonk: Co-founder and former Chief Science Officer, Pivot Interactives SBC
• Philip Nanney--SVP Corporate Development, Discovery Education
• Phil Martin: Partner, Fox Rothschild LLP

Moderator:

• Steve Wellvang: Partner, Fox Rothschild LLP

Agenda:

• Introductions/profiles of Pivot Interactives and Discovery Education (6--6:30 pm)
• Overview of acquisition (6:30--7:15 pm)
• Q&A (7:15--7:30 pm)