The acquisition will combine the two companies’ complementary strengths and deliver unprecedented tools and services to the U.S. education community.
NASHVILLE, Tennessee (June 26, 2018) – In a move that enhances its mission of supporting education institutions and libraries, Education Networks of America® (ENA) today announced that Dallas-based education technology company CatchOn, Inc., has joined the ENA family of companies. The deal pairs ENA’s comprehensive infrastructure technology and support services with CatchOn’s unique software as a service tool that delivers essential data about ed tech usage in U.S. schools.
Backed by private equity firm ZMC, ENA provides transformative connectivity, communication, cloud and security services to education institutions and libraries at more than 5,000 locations across the U.S. Founded in 2016 by Jena Draper and backed by Arc Capital Development investments and advising, CatchOn is an administrative tool that provides district technology leaders with real-time evidence about application utilization, implementation fidelity, cost and return on investment. Draper will continue as general manager of CatchOn.
One of the biggest challenges school districts face is determining the efficacy of their ed tech investments and programs. CatchOn provides unprecedented and critical visibility into what’s happening across school systems’ networks, meaning district leaders can make evidence-based, real-time decisions about digital resources and application usage. Combined, ENA and CatchOn provide a rich portfolio of services to meet the demands of today’s digital schools. The solution is available directly through CatchOn or through ENA. CatchOn customers will be supported by ENA’s exemplary customer service team, which has been providing unparalleled support to the nation’s school systems for over two decades.
Terms of the agreement were not disclosed.
CatchOn is a user-friendly data analytics tool that compiles real-time data on every device, enabling school districts to make data-informed decisions about the apps and online tools their educators and students are using. In 2018, CatchOn joined forces with ENA, a leading provider of comprehensive technology solutions to education institutions and libraries across the nation. Collectively, CatchOn and ENA leverage their respective resources and expertise to deliver critical services and solutions that help school districts produce positive outcomes in the communities they serve. For more information, please visit www.catchon.com, call 866-615-1101, or email email@example.com.
About Education Networks of America
Education Networks of America (ENA) delivers transformative technology solutions, supported by exceptional customer care, to education and library communities across the United States. Since 1996, the organization has worked with customers to design and engineer high-capacity and future-ready broadband, Wi-Fi/LAN, communication, cloud and security solutions. For more information, please visit www.ena.com, call 866-615-1101, or email firstname.lastname@example.org.
About Zelnick Media Capital
Zelnick Media Capital (ZMC) is a leading private equity firm comprised of experienced investors and executives that invest and manage a diverse group of media and communications enterprises. Founded in 2001, ZMC’s investment philosophy centers on operational value creation driven by targeted investment themes, deep sector expertise, and strong partnerships with industry and operating executives. ZMC approaches its investments in collaboration with management teams and has a successful track record of actively adding value to portfolio companies. ZMC is currently investing out of ZMC II, L.P. For more information, please visit www.zmclp.com.
About Arc Capital Development
Arc Capital Development is a global early stage venture capital and advisory firm that invests in and operates companies in the K-20 education and special needs markets. Since the firm’s inception 15 years ago, Arc has advised over 100 clients in the U.S., Canada, and around the world. Arc has deployed over $8 million in early stage funding for 25+ investments in the education and special needs markets and has offices in Denver, Silicon Valley and Sarasota. For more information go to www.ArcCD.com.