A Veritas Capital affiliate has entered into a definitive agreement to acquire Finalsite, a digital communications software company for schools and universities, from Bridge Growth Partners.
Currently, the Glastonbury, Connecticut-based software-as-a-service company serves more than 8,000 customers in the education communications market with its comprehensive “digital campus,” which features capabilities including virtual tours, live-streamed events, parent communications, online enrollment and other services, Finalsite said Wednesday.
Six-time Wash100 Award winner Ramzi Musallam, CEO and managing partner of Veritas Capital, said that as an investor, Veritas will scale the Finalsite platform to meet evolving needs across the growing K-12 marketing and communications market.
“We’re eager to partner with Finalsite and Bridge Growth as we accelerate the company’s growth profile and mission-critical education tools,” Musallam commented.
Jon Moser, founder and CEO of Finalsite, said Veritas’ resources and “significant industry experience” will help the company build on its recent significant growth as it moves into its next phase of development.
The transaction, whose financial terms have not been disclosed, is expected to close in the fourth quarter of 2021.
This announcement comes less than two months after Guidehouse, a Veritas Capital portfolio company, completed its acquisition of Dovel Technologies to create an enterprise expected to generate over $2 billion in annual revenue.