Renaissance Learning

Investment Thesis

• Well-known and leading brand in the education space
• Sticky customer base
• Attractive financial profile with high gross margins and free cash flow
• Opportunity for M&A

Investment Overview

Renaissance Learning produces education software used in K-12 education. More than one-third of schools in the US use Renaissance solutions to accelerate learning for millions of students. The company produces solutions on assessment, literacy and growth across a variety of core subjects.

Since its founding more than 30 years ago, the company has collected more than 2.8 billion data points showing how students build skills and achieve mastery. These learning analytics allow delivery of data-driven, research-proven answers to educators' questions. Learning analytic solutions can also assess each student's grasp of essential skills to determine education next steps. Renaissance also offers a home connection portal so that parents can monitor results.