eSchool Media staff cover education innovation in all its elements– from legislation and lawsuits, to best practices, to lessons discovered and brand-new items. Very first released in March of 1998 as a month-to-month print and digital paper, eSchool Media supplies the news and details necessary to assist K-20 decision-makers successfully utilize innovation and development to transform colleges and schools and attain their instructional goals.

The brand-new investment from Blackstone will enable the Company to further speed up organic growth initiatives and innovation across its item suite. Building on the platforms development under Francisco Partners, the financial investment will also enable the Company to continue carrying out on its targeted acquisition strategy following its current acquisitions earlier this year of Lalilo, a research-based foundational literacy program; and Nearpod, a leader in teacher-facilitated educational delivery..

NEW YORK, SAN FRANCISCO, WISCONSIN RAPIDS, Wis. November 9, 2021– Renaissance ® (” Renaissance” or the “Company”), an international leader in pre-K– 12 instructional technology, today announced its entry into a conclusive contract for personal equity funds handled by Blackstone (NYSE: BX; “Blackstone”) to make a considerable equity investment in the Company together with existing investors consisting of Francisco Partners and TPGs The Rise Fund. Francisco Partners, a leading international investment firm that specializes in partnering with technology organizations, acquired the Company in 2018 and will remain a significant investor. Blackstones investment will be made through its flagship personal equity vehicle..

About Francisco Partners.

With more than $12 billion in assets across The Rise Funds, TPG Rise Climate, and Evercare Health Fund, the TPG Rise platform is the worlds biggest private markets effect investing platform committed to achieving measurable, positive social and ecological results along with competitive financial returns. To learn more, go to www.therisefund.com or @therisefund on Instagram.

November 9, 2021– Renaissance ® (” Renaissance” or the “Company”), a global leader in pre-K– 12 instructional technology, today revealed its entry into a conclusive arrangement for private equity funds handled by Blackstone (NYSE: BX; “Blackstone”) to make a considerable equity financial investment in the Company together with existing financiers consisting of Francisco Partners and TPGs The Rise Fund. Francisco Partners, a leading international investment firm that specializes in partnering with technology businesses, acquired the Company in 2018 and will remain a major shareholder. Jason Brein, Partner at Francisco Partners, and Alan Ni, Principal at Francisco Partners, said: “As a leading K-12 edtech software application platform, Renaissance is at the forefront of establishing innovative solutions that use brand-new methods to teach and find out throughout remote, hybrid, and in-person classrooms. We are excited to continue our partnership and look forward to working together with Blackstone to further support Renaissances mission.”.

Blackstone is the worlds largest alternative asset manager. We look for to produce favorable financial impact and long-lasting worth for our financiers, the business we invest in, and the communities in which we work. Follow Blackstone on Twitter @Blackstone.

About The Rise Funds.

Francisco Partners is a leading international financial investment company that focuses on partnering with technology and technology-enabled organizations. Considering that its launch over 20 years back, Francisco Partners has actually invested in more than 300 innovation companies, making it among the most active and longstanding financiers in the innovation market. With more than $25 billion in assets under management, the company buys chances where its deep sectoral knowledge and operational knowledge can help business recognize their complete potential. For additional information on Francisco Partners, please go to www.franciscopartners.com.

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Given that its launch over 20 years ago, Francisco Partners has actually invested in more than 300 technology business, making it one of the most active and longstanding investors in the technology industry.

Eli Nagler, a Senior Managing Director at Blackstone, said: “Chris and the Renaissance group have actually done an extraordinary job building a next generation technology platform to fulfill the rapidly evolving requirements these dayss class and beyond– where digital tools play a critical function. Were delighted to join with Francisco Partners to support the ongoing expansion of business as educators progressively leverage innovation to offer students with tailored knowing solutions.”.

Goldman Sachs & & Co. LLC served as lead financial consultant to Renaissance, Macquarie Capital also functioned as a financial advisor and Kirkland & & Ellis acted as legal advisor. SVB Technology Investment Banking functioned as financial consultant to Blackstone, and Simpson Thacher & & Bartlett LLP served as legal advisor.

The Rise Funds are a core pillar of TPG Rise, TPGs international effect investing platform. Established in 2016 by TPG in collaboration with Bono and Jeff Skoll, The Rise Funds invest behind effect entrepreneurs and growth-stage, high capacity, mission-driven business that are focused on attaining the United Nations Sustainable Development Goals. The Rise Funds provide capabilities and competence throughout a broad range of sectors and countries at scale, concentrating on opportunities in environment and conservation, farming, food and education, financial technology, healthcare, and innovation.

Chris Bauleke, CEO of Renaissance, stated: “As innovation continues to alter, and as teachers and students link in brand-new methods, our dedication to empower administrators, instructors, and students is unwavering. Now, together with Blackstone and Francisco Partners we have even more opportunity to even more our objective to speed up finding out for all worldwide.”.

About Blackstone.

Blackstones investment is a continuation of the companys high-conviction thematic focus on the fast-growing education technology market. It follows recent investments through its private equity business in Ellucian, a leading software company to universities, and through its Blackstone Growth (BXG) service in Articulate, a SaaS training and advancement platform for companies.

Jason Brein, Partner at Francisco Partners, and Alan Ni, Principal at Francisco Partners, stated: “As a leading K-12 edtech software platform, Renaissance is at the forefront of developing ingenious options that use brand-new methods to find out and teach throughout remote, hybrid, and in-person class. It has actually been our pleasure to partner with Chris and the Renaissance group over the last couple of years as they have scaled their incorporated platform and product suite to finest support the needs of trainees, instructors, administrators, and moms and dads. We are thrilled to continue our partnership and anticipate collaborating with Blackstone to further support Renaissances mission.”.

Established in 1986, Renaissance integrates decades of experience in evaluations with customized guideline and analytics services providing instructors and administrators the tools to plan, lessons to teach, and the resources to inspire trainees to find out. Renaissance is one of the most recognized and relied on brands in K-12 education serving more than 40% of US schools and more than 16 million students worldwide. The Companys assessment-driven, integrated instructional ecosystem makes it possible for districts and schools to benchmark student development; teach, plan, and react to trainees requirements in real-time with customized instruction; and provide extra trainee literacy and math learning software application services..

About Renaissance.

As a global leader in reading, mathematics, and evaluation options for pre-K– 12 districts and schools, Renaissance is devoted to supplying teachers with insights and resources to accelerate development and help all students develop a strong foundation for success. The Renaissance portfolio consists of Star Assessments, for trustworthy, precise insights into K– 12 trainee knowing; myIGDIs, for accurate evaluation of early learning; myON, to increase students access to top quality reading products; Accelerated Reader, to support independent reading practice; Freckle, for teacher-led separated direction; Schoolzilla, to give teachers actionable insights into trends in trainee participation and achievement; Lalilo, to establish crucial foundational abilities; and Nearpod, for teacher-facilitated instructional shipment.