BETHESDA, MD – June 2016 – Chessiecap Securities, Inc. (“Chessiecap”) is pleased to announce that it served as the exclusive financial advisor to Haiku Learning, Inc. (“Haiku”) in its sale to PowerSchool Group LLC (“PowerSchool”). Founded in 2006, Haiku is a leading cloud-based learning platform developed exclusively for K-12 users with nearly 3 million users worldwide. The Haiku learning platform is widely lauded for its intuitive interface, flexible learning tools, and powerful integrations with leading cloud services.
Since its acquisition by Vista Equity Partners in 2015, PowerSchool has assembled through innovative development and acquisitions key components to offer K-12 customers the industry’s first Unified Classroom platform. With the addition of Haiku’s learning management system, PowerSchool’s suite of digital classroom solutions is complete. PowerSchool’s recent press release on the acquisition describes the power of its new unified platform in detail.
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About Chessiecap Securities Inc.
Founded in 2003, Chessiecap Securities, Inc. is a financial services company based in Bethesda, Md., providing investment banking services to emerging growth and technology firms throughout the United States with a focus on industries that predominate the Mid-Atlantic region. Chessiecap Securities served as the exclusive financial advisor to Haiku Learning, Inc. To learn more about this transaction, please contact either Bill Bavin at (703) 879-3210 or Doug Schmidt at (410) 952-2789. To learn more about Chessiecap, please visit the firm’s website at www.chessiecap.com.