ILT Education offers digital educational tools for schools and preschools, with a focus on audio and visual-assisted learning solutions for children and students with dyslexia, other cognitive needs or multi-lingual backgrounds. Its wide service offering, based on a SaaS1 business model, is available in Sweden, Finland, Norway, Germany, Austria and France. As a market leader in Sweden, ILT Education is serving a vast majority of all municipalities and schools.
ILT Education is a highly impactful company addressing general European educational challenges and seeks to provide people equal opportunity to gain knowledge and access to information. The products are designed specifically for both young children and students with learning support needs and range from narrated audio versions of printed schoolbooks to multilingual and interactive digital support functions. The company has had a strong and consistent growth over the years (+17%2 p.a. since 2018) with high level of recurring revenues. Trill Impact sees a clear value creation potential in scaling the impact ILT Education provides and further accelerating product innovation.
“We believe ILT Education has significant potential in continuing to develop from a local market leader to an impactful international platform within digital education tools, aiming to provide equal learning opportunities, in an industry benefitting from rapid structural growth. The company has successfully entered several international markets and we see a great opportunity to expedite that expansion in partnership with the management team” commented Johan Lundén, Investment Director at Trill Impact.
"I look forward to welcoming Trill Impact as the new majority owner of ILT Education where we together can create a true impact leader in Ed-Tech, accelerating our value proposition by measuring learning outcomes of students, increasing customer adoption and strengthening loyalty among our end-users and employees. This, combined with an ambitious growth agenda, makes me very excited about the outlook for the next few years”, said Jakob Skogholm, CEO of ILT Education.
The parties have agreed not to disclose the financial terms of the transaction.
1 Software as a Service
2 Growth in Annual Recurring Revenue (ARR)
3 Sustainable Development Goals: www.un.org/sustainabledevelopment/sustainable-development-goals
4 European Commission: https://ec.europa.eu/education/news/pisa-2018_en