Founders Advises LiveText in Sale to Taskstream-Tk20
BIRMINGHAM, Ala. (September 22, 2017) Founders Investment Banking, LLC is pleased to announce LiveText, a provider of assessment software solutions for higher education, has been acquired by Taskstream-Tk20, one of the largest providers of assessment management solutions for higher education. LiveText is one of the pioneers of learning engagement technologies and assessment innovations for higher education. Since its inception in 1997, LiveText has been driven by a mission to empower institutions and individuals with world-class technology and leadership to elevate and demonstrate the quality of learning.
In 2016 LiveText launched Via™, a new learning engagement platform designed to help learners discover their academic and professional identities. Via™ captures and records moments in the learning process so that students, faculty, and programs across the institution can reflect, analyze, and take effective action to improve. Together, Taskstream-Tk20 and LiveText will be the market leader in learning engagement and assessment management solutions to help colleges and universities measure, analyze and report learning data to improve student and institutional outcomes.
“As one of the innovators in our industry, LiveText has built a wealth of experience in understanding the complexities of learning, engagement, and outcomes assessment,” said Kevin Michielsen, CEO of Taskstream-Tk20. “LiveText shares Taskstream-Tk20’s vision to help more institutions engage in meaningful assessment practices and gather, organize, and use better data for learning. With LiveText joining the family, Taskstream-Tk20 will be able to offer even more innovative products that support the improvement of learning across higher education and further strengthens our position as the market leader for assessment management solutions. I am thrilled we are bringing our technology, experience, teams, and resources together to advance our mission.”
Dr. Christopher Kalmus, LiveText’s President and co-founder, commented, “We are excited to be joining the Tasktream-Tk20 family and look forward to continuing our commitment to help institutions stay at the forefront of learning assessment to ensure their success. With a wealth of employee talents, more opportunities for collaboration, a richer background of experiences, and a client base of over 1,000 institutions from which to draw feedback, we look forward to innovating more rapidly and developing even better solutions to meet our clients’ current and future needs.”
Founders Investment Banking acted as the exclusive financial advisor to LiveText.
About Founders Investment Banking
Founders Investment Banking (Founders) is a merger, acquisition & strategic advisory firm serving middle-market companies. Founders’ focus is on oil and gas, SaaS/software, industrials, internet, healthcare, digital media and industrial technology companies located nationwide, as well as companies based in the Southeast across a variety of industries. Founders’ skilled professionals, proven expertise and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services discussed herein, certain principals of Founders are licensed with M & A Securities Group, Inc. or Founders M&A Advisory, LLC, both members of member FINRA & SiPC. M&A Securities Group and Founders are unaffiliated entities. Founders M&A Advisory is a wholly-owned subsidiary of Founders. For more information, visit www.foundersib.com.