More Acquisitions in Education Tech and Services

Core Projects, an emerging provider of IT services, particularly in the education space has acquired K-12 Division of The Princeton Review Inc for $20 million. The acquisition will add close to $24 million to CORE global revenues, yielding an EBITDA of 24 percent in the first full year of operations according to VCCircle.

The company had earlier acquired multiple companies in the education sector. They are:

• US based KC Management Group - A provider of school management systems - for about $30 million
• UK-based Azzurri Education - An educational software provider - for about $12 million
• Hamlet Computer Group - An assessment administration systems maker - for $3 million