Paragin, an ed tech software company backed by private equity firm Main Capital Partners, has acquired Dutch mathematics software specialist Sowiso.
This is the first add-on inked by Paragin since it was bought by Main Capital in April 2021. Following this deal, the group intends to further pursue its selective buy-and-build strategy, with the aim of becoming a pan-European market leader in the assessment and examination software industry.
Sowiso was founded as a spin-off from the Technical University of Eindhoven and provides an e-learning and assessment platform focused on science, technology, engineering and mathematics.
The company, which is headquartered in Amsterdam, offers digital courses and gives students real-time personalised feedback on their answers. It also provides standardised online admissions tests which students can use to demonstrate maths proficiency to colleges and universities across the world.
Sowiso has a customer base of more than 50 universities and educational publishers across the world and employs 30 people.
Paragin provides software for the development of competencies, knowledge and talent in corporations and educational institutions, including software for assessments, examinations and certifications, career development and e-portfolios. The company has around 30 employees and serves over 200 organisations across the UK and the Benelux, Nordics and APAC regions.
Date published: 24 March 2022