SAN FRANCISCO–(BUSINESS WIRE)–
Revenues Quadrupled Over Past Two Years
Alpine Investors (“Alpine”), a middle-market private equity firm that focuses on people to build enduring companies, today announced it has completed the sale of Perennial EdTech (“Perennial”), its platform of market-leading education software companies, to Frontline Education, a leading provider of school administration software. Terms of the private transaction were not disclosed.
Since Alpine launched the Perennial platform in 2017 shortly after the firm’s acquisition of Escape Technology, which was rolled into Perennial, it has significantly broadened the product portfolio and more than quadrupled revenues over the past two years. Perennial now includes five market-leading software companies in the K-12 education space: