85 Advisors acts as exclusive financial advisor to Heggerty on its acquisition of Literably
NEW YORK, NY – July 17, 2024 – 85 Advisors is pleased to announce the acquisition of Literably – an award-winning, research-backed literacy assessment platform – by Heggerty.
Literably is an innovative digital assessment platform that can assess students across seven key literacy areas: phonemic awareness, phonics, oral reading fluency, vocabulary, reading comprehension, spelling, and rapid automatized naming. Literably has more than a decade of experience working with child-specific speech AI to deliver accurate, actionable data for teachers.
By combining user-friendly digital assessments, child-specific speech AI, and research-proven curricula, the integration of Literably and Heggerty is uniquely poised to revolutionize how classrooms evaluate and address students' literacy skills.
85 Advisors acted as exclusive financial advisor to Heggerty in connection with the transaction. Financial terms were not disclosed.
A link to the press release announcing the transaction is available here.
About Heggerty
Heggerty is a leading provider of reading and writing curricula, professional development, and digital resources dedicated to improving literacy outcomes. Research-proven to improve student outcomes, Heggerty supports educators in over 11,000 U.S. districts in building strong foundational reading and writing skills. For more information, visit www.heggerty.org.
About 85 Advisors
85 Advisors is a strategic and financial advisory firm that helps technology companies plan, analyze and execute successful growth, financing, and M&A strategies. We work closely with our clients' senior management and board of directors to evaluate, plan and execute myriad strategic alternatives, including mergers, acquisitions, financings, joint ventures, and divestitures. Our focus and expertise extend beyond traditional investment banking services and, accordingly, we serve as a trusted and objective advisor to growth-stage and middle market technology companies on a variety of investment, growth, and operational matters. Our recommendations are informed by our extensive domain expertise paired with rigorous analysis of relevant macro, industry, company- and situation-specific factors. To this end, we have a strong track record of anticipating disruptive trends and changes in the competitive dynamics within the IT sector, and advising our clients on how to exploit these shifts proactively. We operate with a singular focus to help our clients achieve their long-term strategic objectives