Raptor Technologies Expands Safety Solutions with SmartPass Acquisition
Deal News | Dec 10, 2024 | Thoma Bravo
Raptor Technologies, a leading provider of school safety software, has announced the acquisition of SmartPass, a renowned digital hall pass system. With this strategic acquisition, Raptor intends to broaden the scope of its safety solutions offered to K-12 schools. This move comes in response to growing demand from educational institutions for digital systems to enhance their safety protocols, particularly in streamlining student movement within schools. SmartPass is widely utilized across thousands of U.S. schools for its ability to revolutionize student movement management, thereby reducing classroom interruptions and increasing accountability. The integration of SmartPass into Raptor's product lineup is expected to create the most comprehensive platform for school safety and operational management. Raptor Technologies emphasizes its commitment to being a trusted partner for schools by continuously adapting its offerings to meet evolving safety and operational needs. Financial advice for SmartPass and Reach Capital was provided by IKONA Partners, and legal advice to Raptor was provided by Goodwin Procter LLP.
Sectors
- Education Technology
- Software as a Service (SaaS)
- Private Equity
Geography
- United States – Both Raptor Technologies and SmartPass are U.S.-based entities, and SmartPass is utilized in thousands of schools across the country, marking the U.S. as a primary market for this acquisition.
Industry
- Education Technology – The acquisition involves technological solutions focused on improving school safety infrastructure, including digital applications such as hall pass systems that offer efficient management and safety protocols in educational settings.
- Software as a Service (SaaS) – Raptor Technologies provides SaaS solutions for the education sector, integrating various safety and operational management tools tailored to K-12 schools. This transaction further bolsters its SaaS offerings.
- Private Equity – Thoma Bravo, a key private equity firm, is associated with the financial aspects of the transaction, highlighting its role in funding and shaping the strategic acquisitions of companies like Raptor Technologies.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Raptor Technologies | Acquirer | Company | A leading provider of school safety software solutions, working with K-12 schools to implement comprehensive safety measures. |
| SmartPass | Target Company | Company | A digital hall pass system provider, SmartPass streamlines student management processes and enhances accountability within schools. |
| Thoma Bravo | Private Equity Firm | Company | A leading private equity investment firm focused on the software and technology-enabled services sectors. |
| IKONA Partners | Financial Advisor | Company | A boutique investment bank specializing in technology-focused advisory services, responsible for advising SmartPass. |
| Goodwin Procter LLP | Legal Advisor | Company | A law firm providing legal counsel to Raptor Technologies for the acquisition. |
| Reach Capital | Seller/Investor | Company | An investor involved in the transaction, likely as part of SmartPass's ownership structure. |