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One of Microsoft’s oldest and biggest verticals for its Azure cloud business has been education, and today it announced an acquisition that it hopes will help it deepen its reach: it has acquired DataSense — a data management platform that can be used to collect, integrate and report information from across a range of online education applications and services — from an educational technology company called BrightBytes, to integrate the functionality into Azure.
DataSense is a master platform that’s used by schools and educational authorities both to ingest information as well as report it to state and other authorities as part of their reporting, used to manage data for millions of students in the US, BrightBytes says.
Deal - December - Data - PitchBook - Today
It looks like the deal actually closed in December, according to data from PitchBook, although it’s only being announced today.
Terms of the deal are not being disclosed, but as a point of reference, BrightBytes was valued at $120 million when it last raised money, in 2015 — a $33 million round led by Insight Venture Partners, with participation from Bessemer, Learn Capital and Rethink Education.
Startup - Investors - New - Schools - Venture
The startup had raised just over $50 million in total, with other investors including New Schools Venture Fund and Andy Pechacke. It looks like BrightBytes will continue to operate, focusing on its Clarity data analytics platform, which itself is used by 25,000 schools in the US.
“We are excited about the global acceleration this sale provides to our mission,” said BrightBytes CEO, Traci Burgess, in a statement. “Schools around the world will benefit greatly from capabilities across data integration, interoperability, and provisioning.”
The deal will...
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