Education Networks of America

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Education Networks of America - overview

Established

1996

Location

Nashville, TN, US

Primary Industry

Telecoms

About

Education Networks of America is a provider of advanced connectivity solutions that enhances digital infrastructure for educational institutions, delivering managed services like cybersecurity and communications to ensure reliable internet access. Founded in 1996 in Nashville, US, Education Networks of America specializes in providing managed connectivity services. The company had a significant pivot in its business operations in March 2022, when Zayo Group, LLC agreed to acquire it, which is subject to customary regulatory approvals. The firm was co-founded by James Kim and Kristoffer Nord, while the current CEO is David Pierce.


Education Networks of America offers advanced connectivity solutions tailored for educational institutions, delivering managed services including cybersecurity and communications through a robust fiber network. The services enhance digital infrastructure, ensuring high-speed internet access and fortified network security for over 19,000 K-12 schools and various government entities across North America and Europe. Education Networks of America generates revenue through subscription-based services and long-term contracts with educational institutions. These partnerships facilitate predictable and recurring revenue streams as clients secure dedicated internet access and managed cybersecurity services.


The company's collaboration with E-Rate funding further enhances its revenue potential by supporting infrastructure upgrades in schools. Education Networks of America plans to utilize recent funding from a USD 14. 30 mn Grant received on March 3, 2022, to support upcoming product launches and expand into new markets. The company aims to enhance its service offerings and reach more clients by focusing on underserved regions in North America.


The recent acquisition by Zayo Group, LLC will also enable strategic growth and improve customer experience as both companies work to deliver enhanced services.


Primary Industry

Telecoms

Sub Industries

Telecoms Providers & Services

Website

www.ena.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Education Networks of America - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedEducation Networks of America-
Add-on, Trade SaleCompletedCatchOn, Inc.-
Add-on, Trade SaleCompletedCatchOn, Inc.-
Add-onCompletedTeleQuality Communications-
Secondary BuyoutCompletedEducation Networks of America-

Displaying 1 - 5 of 6

Education Networks of America - employee data

Blurred Background

Want to see Employee Count?

Request a demo for full access to this profile.

GoingPro

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.