Chegg Acquires StudyBlue
Vista Point Advisors is pleased to announce the $20.8m acquisition of StudyBlue by Chegg (NYSE:CHGG). Vista Point Advisors acted as the exclusive financial advisor to StudyBlue.
StudyBlue is a leading online studying platform for higher education students. StudyBlue uniquely leverages the largest proprietary, crowd-sourced course content library for the higher education market to enable students to upload class study materials, create electronic flashcards to study and share with others, and administer practice quizzes. StudyBlue was founded in 2008 and is headquartered in San Francisco.
Chegg (NYSE:CHGG), the leading student-first connected learning platform, is transforming the way millions of students learn by connecting them to the people and tools needed to succeed throughout their high school and college careers. The Company offers an array of required and non-required scholastic materials including millions of textbooks in any format, access to online homework help and textbook solutions, course organization and scheduling, as well as college and university matching tools and scholarship connections. Chegg was founded in 2005 and is headquartered in Santa Clara, California.
About Vista Point Advisors:
Vista Point Advisors is a boutique investment bank that focuses on advising middle-market companies in the Software, Internet, Mobile, Digital Media, and Healthcare industries. Our strategy is to partner with growing and profitable businesses that are interested in understanding their options in the marketplace. We focus exclusively on sell-side M&A and capital raising transactions. Vista Point Advisors is headquartered in San Francisco, California.