Levine Leichtman Capital Partners Portfolio Company Squla Acquires Scoyo
Squla (which is formally incorporated as “Futurewhiz”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”), announced today that it has acquired Scoyo, the leading online learning platform for primary and secondary school students in the German market.
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Squla is the leading consumer education company in the Netherlands and provides interactive educational tools for primary school pupils (Squla) and secondary school students (WRTS). Squla is linked to the national curriculum and is designed to supplement a student’s education in a fun and adaptive way. The company’s products are used in over 50,000 classrooms and by over 1.4 million users throughout the Netherlands, Belgium and Poland. With the acquisition of Scoyo, Squla is continuing its international expansion. Over 7 million potential users in the German market will now be able to benefit from more than 4,000 curriculum-based lessons and over 10,000 exercises, which will soon grow to over 70,000.
Serge Bueters, CEO of Squla, stated, “It’s our goal to give as many children as possible access to our popular Squla platform and support them in their education. Squla enables each child to do this at their own level and pace and in accordance with the curriculum, which results in better learning performances. By acquiring Scoyo, we are now able to offer our products to millions of children in the German market, and the free use of Scoyo in the classroom strongly resonates with our mission of giving every child the opportunity to grow.”
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Wouter Snoeijers, Managing Director Benelux at LLCP, commented, “We are very proud to support the Squla team in this exciting step in further building its international platform. We believe this acquisition opens up a very large and fast-growing market for the company and welcome the Scoyo team to the organization.”
Squla is a portfolio company of Levine Leichtman Capital Partners Europe, L.P.
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