Progress Partners is pleased to announce that Wiggio (www.wiggio.com), a group collaboration platform, has been acquired by Desire2Learn (www.desire2learn.com), one of the world's leading online learning platforms, based out of Ontario, Canada. Progress Partners acted as sell-side advisor to Wiggio in the transaction.
"Facing a difficult market, Mark Egan and the Progress Partners team brought immense value as an advisor to management, guiding open lines of communication throughout the process." said Dana Lampert, Founder and CEO of Wiggio.
New Atlantic Ventures had made the largest previous investment and Todd Hixon, Founder and Managing Partner, added, "Progress Partners' steadfast pursuit of the right acquirers in every corner of the marketplace led to successful sale of the company and a great landing for the team."
In the process, Progress sought out and spoke with the top 120 companies in the education and enterprise technology markets, and drew upon both internal and external resources to ensure the best deal possible for each party. Even in a difficult marketplace, it was an exceptional journey, and we expect great things for both companies going forward.
Wiggio is a consumer-facing SaaS platform where groups collaborate using simplified tools that greatly improve productivity. On Wiggio, groups can store, share, and edit files, manage a group calendar, poll/survey the group, set up conference calls and video meetings, chat online and send mass SMS, voice, and email messages to group members. The platform has served more than 1.3M users and 140K groups at colleges/universities, non-profit organizations, political groups, and SMB's nationwide.
Desire2Learn, is helping to transform the way the world learns. Providing the next generation learning environment and solutions to engage and inspire lifelong learners, Desire2Learn helps clients break down barriers to access the highest quality learning experiences, and is recognized for its leadership in accessibility. Desire2Learn is a global leader in cloud (SaaS) based learning solutions and provides an open and extensible platform to over 700 clients and over 8 million learners in higher education, K-12, healthcare, government and the corporate sector, including the Fortune 1000. Desire2Learn has personnel in the United States, Canada, Europe, Australia, Brazil and Singapore.
About Progress Partners
Progress Partners is a Boston- and New York-based finance and M&A advisory firm that works with owners and management of emerging growth companies to identify, build and realize business value. Our deep industry expertise, high ethical standards, cultivated relationships, extensive network, and entrepreneurial experience give us the ability to achieve superior results for our clients.
In order to assist Progress Partners with securities transactions, including this transaction, certain Principals of Progress Partners were registered with an unaffiliated FINRA Member broker-dealer.