K-12 Special Education Solutions Provider n2y Announces Significant Investment From Providence Equity Partners
HURON, Ohio & PROVIDENCE, R.I.--(BUSINESS WIRE)--Nov 18, 2019--
n2y LLC (the “Company”), a leading provider of software, curriculum and tools to the K-12 special education market, announced today a majority investment from Providence Equity Partners (“Providence”), a premier private equity firm that specializes in the media, communications, education and information industries. n2y will continue to be led by Chief Executive Officer Chrissy Wostmann and its current management team. The Riverside Company (“Riverside”), which invested in n2y in 2016, and members of n2y’s management team will retain ownership stakes in the business. Financial terms of the transaction were not disclosed.
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n2y provides technology-forward, age-appropriate solutions that enrich the lives of individuals with unique learning needs and those who support them. (Photo: Business Wire)
Since its founding in 1997, n2y has changed how K-12 special education is taught by providing special education teachers and families with award-winning personalized solutions. The company’s products are designed to improve student outcomes, teacher efficiency, school compliance, and parent communication and collaboration by providing a highly customizable and easy-to-use total special education solution. n2y’s Total Solution connects the entire individualized education program (IEP) team with powerful workflow tools that empower them to plan, teach, assess, report, manage behavior, and reach students wherever they learn—from self-contained classrooms to the resource room, inclusive general education, virtual and home settings. n2y is currently serving approximately 60,000 service providers in all 50 states.
“We believe in the unique potential of every student and that all students, regardless of learning style, should have access to the best tools and services to ensure they reach their full potential,” said Chrissy Wostmann, CEO of n2y. “Providence’s investment will help us further expand our portfolio of products and solutions for the 21 st -century classroom, and their deep experience investing in high-growth education software companies will be incredibly valuable as we enter our next phase of growth and continue to change the lives of all the individuals we proudly serve.”
“n2y has built an unparalleled business and reputation in the marketplace for providing educators and families with the tools to ensure all students have access to the same curriculum,” said David Phillips, Managing Director at Providence. “We are excited to have the opportunity to work alongside the n2y team to help grow their business and continue to build on their critical work.”
William Hughes, Managing Director at Providence, added, “n2y has a highly talented management team, and we look forward to working with Chrissy and the team to support the Company’s organic and acquisition growth plans and its commitment to transforming special education.”
n2y® is changing the lives of special educators, therapists, speech-language pathologists and their students—seamlessly delivering a complete, differentiated instructional program tailored to help individuals with unique learning needs access the general education curriculum. n2y’s comprehensive, research-based solution frees educators to teach and empowers learning with standards-based academic content, powerful assessment and data collection, an accessible supplemental newspaper, dynamic symbol communication tools, skill-based learning games and a groundbreaking classroom management resource—all supported by best-in-class professional development. With n2y, everyone can learn. For more information on this award-winning solution, visit n2y.com and join them on Facebook and Twitter.
About Providence Equity Partners
Providence is a premier global asset management firm with over $45 billion in aggregate capital commitments. Providence pioneered a sector-focused approach to private equity investing with the vision that a dedicated team of industry experts could build exceptional companies of enduring value. Since the firm's inception in 1989, Providence has invested in more than 180 companies and has become a leading equity investment firm focused on the media, communications, education and information industries. Providence is headquartered in Providence, RI, and also has offices in New York and London. For more information, please visit https://www.provequity.com.
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KEYWORD: RHODE ISLAND OHIO UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: OTHER PROFESSIONAL SERVICES OTHER EDUCATION TECHNOLOGY FINANCE PRIMARY/SECONDARY EDUCATION BANKING OTHER CONSUMER ACCOUNTING PRESCHOOL PROFESSIONAL SERVICES PARENTING CHILDREN OTHER TECHNOLOGY SOFTWARE CONSUMER
SOURCE: n2y LLC and Providence Equity Partners
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PUB: 11/18/2019 11:00 AM/DISC: 11/18/2019 11:00 AM