Everway

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Everway - overview

Established

1996

Location

Antrim, Northern Ireland, UK

Primary Industry

Software

About

Everway, based in the UK, specializes in creating technology solutions that enhance accessibility and support neuroinclusion in educational and workplace settings. Founded in 1996 in Antrim, UK, Everway develops tools to improve learning and working environments. The company has undergone strategic changes to enhance its offerings. Founders Martin McKay and Maxime Hountondji, who have a history of innovation in the tech sector, led the company to secure a BUYOUT in March 2024, raising GBP 0.


250 mn from DeltaPoint Capital Partners. This financing marks the total amount Everway has raised to date. The company has conducted six deals in its history. Everway offers a comprehensive suite of educational and workplace tools designed to enhance accessibility and support neuroinclusion.


Their core product offerings include instruction, assistive, and planning tools that empower educators and individuals to navigate diverse learning and working environments effectively. Flagship solutions such as Read&Write and a neuroinclusive workplace suite facilitate reading, writing, communication, and planning tasks for students from early education through higher education and for employees in various workplaces. The company primarily serves educational institutions, organizations, and individuals across North America, Europe, and Asia, ensuring that their products address the unique needs of users globally. For the most recent year, 2023, Everway reported revenue of GBP 26,169,485.


30 and an EBITDA of GBP 22,705,903. 80. The company’s revenue model relies on subscription-based services and partnerships with educational institutions and organizations, allowing clients to engage through tailored subscription plans that provide access to their suite of tools and resources. In March 2024, Everway announced a merger with N2y, LLC, a move that aims to enhance its global digital learning solutions.


This merger will leverage the strengths of both companies to expand their offerings and reach. Everway plans to develop new products focused on improving digital accessibility and support for diverse learning needs, with anticipated releases slated for later in 2024. The merger is expected to facilitate entry into new markets, particularly in North America and Europe, where demand for inclusive educational tools is growing. The recent funding will support these initiatives, ensuring Everway can scale its operations and enhance its product portfolio.


Current Investors

Five Arrows, Verdane, Providence Equity Partners

Primary Industry

Software

Sub Industries

Education & Training Software

Website

www.texthelp.com/

Verticals

Artificial Intelligence, Cloud Computing, EdTech

Company Stage

Mature

Total Amount Raised

Subscriber access only

Everway - timeline of key events

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Everway - financials

Fiscal Year EndedSep 30, 2010Sep 30, 2011Sep 30, 2012Sep 30, 2013Sep 30, 2014Sep 30, 2015Sep 30, 2016Sep 30, 2017Sep 30, 2018Sep 30, 2019Sep 30, 2020Sep 30, 2021Sep 30, 2022Sep 30, 2023
Revenue (USD)12,339,47210,218,7439,444,8989,799,0939,680,8349,507,64711,804,02113,599,84416,044,08819,213,89121,971,391---
% Revenue Growth (YoY)-(17.2%)(7.6%)3.8%(1.2%)(1.8%)24.2%15.2%18.0%19.8%14.4%---
EBITDA (USD)3,847,3811,934,4201,378,2451,573,046453,279(812,377)381,069100,3551,481,4154,874,5587,463,202---
Operating Income (USD)3,821,2891,894,0441,300,7291,455,858319,882(974,681)189,000(138,783)1,275,3103,310,2635,543,935---
Operating Margin31.0%18.5%13.8%14.9%3.3%(10.3%)1.6%(1.0%)7.9%17.2%25.2%---
% EBITDA Margin31.2%18.9%14.6%16.1%4.7%(8.5%)3.2%0.7%9.2%25.4%34.0%---
NET Income (USD)2,867,7471,606,7251,353,0281,473,754355,433(964,345)1,019,187212,987964,3363,398,7484,622,504---
% Net Margin23.2%15.7%14.3%15.0%3.7%(10.1%)8.6%1.6%6.0%17.7%21.0%---

Everway - 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)
GrowthCompletedEverway-
Add-on, Trade SaleCompletedN2y, LLC-
Add-onCompletedDon Johnston’s Education Technology Division-
GrowthCompletedEverway-
Add-on, Trade SaleCompletedLingit AS-

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Everway - employee data

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