InfoSource, Inc

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InfoSource, Inc - overview

Location

Oviedo, FL, US

Primary Industry

Education/Training

About

InfoSource, Inc. operates as a professional development platform, primarily focused on empowering educators and school leaders with a vast array of online training resources and tools for enhancing educational practices. InfoSource, Inc. offers an innovative platform designed for professional development within the education sector.


The company was acquired by Teachers of Tomorrow, LLC in January 2021, a move aimed at accelerating growth and expanding geographical reach. The firm is headquartered in Oviedo, Florida, US. The founders, Hein Schoeman and Wiliam Henning, have a background in enhancing educational methodologies, although further details on their previous ventures are not available. This acquisition marks a strategic shift in the company's operational focus, aligning with broader initiatives to scale its offerings.


SimpleK12 provides a comprehensive professional development platform tailored for educators and school leaders. Its flagship product features an extensive library of over 1,000 online, on-demand video courses designed to enhance teaching effectiveness and improve student engagement. The courses cover essential K-12 topics, including Social Emotional Learning (SEL) and the Science of Reading, allowing educators to implement practical strategies in their classrooms. The platform serves around 546,000 educators across the United States, focusing on districts eager to meet state professional development mandates, while also offering tailored solutions for school administrators to manage and track professional development progress in real time.


SimpleK12's revenue model is primarily based on subscription services, where educators and school districts pay for access to a wide range of courses. Clients participate through flexible membership options that facilitate self-paced course completion, with certificates awarded for each completed course. While specific pricing details for memberships are not publicly disclosed, the platform is structured to support both individual educators and large school districts in their professional development efforts. Following the acquisition by Teachers of Tomorrow, LLC on January 14, 2021, SimpleK12 plans to leverage new resources to enhance its platform and expand its market presence.


The acquisition is intended to facilitate growth by entering new geographic markets, although specific regions have yet to be publicly detailed. This strategic initiative aims to increase participation in educational professional development. Ms. Lisa Harding will continue to serve as the President of SimpleK12, spearheading these growth efforts.


Current Investors

Teachers of Tomorrow, LLC

Primary Industry

Education/Training

Sub Industries

Education & Training Website, Education & Training Services, Web Applications, Software

Website

www.simplek12.com

Verticals

EdTech

Company Stage

Add-on

Total Amount Raised

Subscriber access only

InfoSource, Inc - 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)
Add-onCompletedInfoSource, Inc-

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InfoSource, Inc - employee data

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