09 Mar, 2020, 12:02 ET
NAPERVILLE, Ill., March 9, 2020 /PRNewswire/ -- Forecast5 Analytics, Inc. announced today that it has completed its third acquisition in nine months by acquiring GuideK12, LLC, a Minnesota-based firm that provides geovisual analytics tools to school districts across the country.
Forecast5 Analytics provides a suite of decision support software to more than 2,000 public sector clients in 34 states. In May 2019, the company acquired Ohio-based Public Finance Resources in a deal that added 300 Ohio public school districts to the list of Forecast5 clients, and in August 2019, Forecast5 acquired SchoolFinances.com, the leading provider of decision support tools for Minnesota K-12 school districts.
Stated Michael English, Forecast5 founder and CEO/President, "Acquiring GuideK12 is a great strategic move for Forecast5. It enables us to optimize our geovisual offerings by tapping into the domain expertise GuideK12's team brings to the table. Our clients will be well served by this combination. There is also tremendous upside for schools and cities to use geovisual technology to generate new opportunities and positive ROI with map-based analytics."
The full GuideK12 staff will join the Forecast5 Analytics organization.
Chuck Amos, who served as GuideK12's CEO since 2012, commented on the new relationship. "Joining Forecast5 is absolutely the right thing for the GuideK12 team. Our clients will now have access to a comprehensive suite of financial and operational management solutions that will enable them to better serve their communities."
In September 2018, Forecast5 Analytics formed a growth equity partnership with Riverwood Capital, a private equity firm focused on high-growth technology companies.
"We are very impressed with the platform that GuideK12 has built and are delighted that they have joined the Forecast5 family in the next phase of the company's growth," said Harish Belur, a partner at Riverwood Capital. "With the acquisition of GuideK12, we are demonstrating our continued commitment to the local government and education markets, and our continued conviction in Forecast5's growth potential."
Stated Drew Skarupa, Chief Financial Officer at Forecast5 Analytics, "One of Forecast5's key growth strategies is to expand through strategic acquisitions. We will continue to identify potential acquisition targets that serve to expand our national footprint, enhance our solution set, increase our talent pool, and align with Forecast5's high standards of client service."
About Forecast5 Analytics, Inc.
Forecast5 Analytics provides state-of-the-art decision support solutions for professionals in the public sector. With Forecast5 Analytics tools, clients harness the power of their data to efficiently, intuitively build annual budgets and multi-year projections, model scenarios and future impacts, identify new revenue sources, improve student performance, and more. More than 2,000 public sector clients across the country use Forecast5 tools to maximize their data insights and create great outcomes for their communities. For more information, visit www.forecast5analytics.com.
About Riverwood Capital
Riverwood Capital is a private equity firm that invests in high-growth, middle-market companies in the technology, technology-enabled, and other related industries. Riverwood offers a unique combination of operational, strategic, technology, and financial insight to portfolio companies that typically need growth capital and expertise to scale globally. The firm invests in established businesses with dynamic management teams, a proven technology and business model, and the proper fit in terms of culture and values. Riverwood invests globally and participates in both minority and control deals. The firm has offices in Menlo Park, CA; New York, NY; and Sao Paulo, Brazil. For more information, visit www.riverwoodcapital.com.
GuideK12, LLC, is a geovisual analytics software company that enables education decision makers to instantly explore and analyze school district data by adding a geographic and visual dimension to their student and community information. By visualizing information spatially, decisions on everything from boundary analysis, and policy changes to resource planning and forecasting enrollments can be faster and more effective. GuideK12 has been the recipient of many prestigious industry technology awards. Based in MN, GuideK12 serves large metro, suburban and rural school districts throughout the United States. For more information, visit www.guidek12.com.
Vice President, Marketing and Partnerships
Forecast5 Analytics, Inc.
SOURCE Forecast5 Analytics
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