Raptor Technologies Expands Portfolio with SmartPass Acquisition
Deal News | Dec 11, 2024 | JMI Management Inc
Raptor Technologies, a company dedicated to school safety solutions, has announced its acquisition of SmartPass, a leading digital hall pass system. This strategic move is aimed at expanding Raptor's comprehensive safety solutions for K-12 schools, addressing critical areas from crisis prevention to student movement management. The merger integrates SmartPass's capabilities into Raptor's extensive product lineup, providing a more unified platform for school safety. The move is also seen as a way to bolster school safety protocols through innovative digital solutions. SmartPass has been instrumental in fostering better student accountability and reducing classroom disruptions across thousands of U.S. schools. The acquisition is indicative of Raptor's commitment to evolving school safety needs and its mission to protect schools globally. SmartPass views this merger as an opportunity to innovate faster under Raptor's larger umbrella, serving schools more effectively. IKONA Partners served as financial advisors to SmartPass, while Goodwin Procter LLP acted as legal advisors to Raptor. The acquisition not only aligns with Raptor's growth objectives but also fortifies its role as a trusted partner to educational institutions globally.
Sectors
- Educational Technology
- Software as a Service (SaaS)
- Private Equity
Geography
- United States – Both Raptor Technologies and SmartPass primarily serve schools across the United States, and the acquisition impacts educational institutions within this geography.
- Global – Raptor Technologies serves schools in 55 countries, reflecting the international impact of its product offerings and the global reach of its safety solutions.
Industry
- Educational Technology – The acquisition is focused on providing digital solutions to enhance safety and management within K-12 schools, a primary focus of the educational technology sector.
- Software as a Service (SaaS) – Both Raptor Technologies and SmartPass provide software solutions via a cloud model, where services like digital hall passes and school safety management can be delivered efficiently to educational institutions.
- Private Equity – JMI Management Inc., a private equity firm, is associated with the transaction, indicating involvement in the strategic growth and financing of the companies involved.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Raptor Technologies | Acquirer | Company | A company providing comprehensive safety solutions to K-12 schools worldwide. |
| SmartPass | Target Company | Company | A digital hall pass system used by over 3,000 schools in the U.S. to manage student movement and accountability. |
| JMI Management Inc. | Private Equity Firm | Company | A private equity firm associated with the transaction, providing investment and strategic guidance. |
| IKONA Partners | Financial Advisor | Company | A San Francisco-based investment bank that acted as the exclusive financial advisor to SmartPass. |
| Goodwin Procter LLP | Legal Advisor | Company | Legal advisor to Raptor Technologies in the acquisition. |