Scholarcy Limited has been acquired by Texthelp Group
October 2024 — Texthelp Group, a global provider of digital tools for inclusive learning and working, has acquired Scholarcy Limited. This acquisition marks a significant step towards fulfilling Texthelp’s vision of improving the literacy and understanding of one billion people by 2030.
Scholarcy is a streamlined and user-friendly study tool. It employs generative AI technology to distil complex and lengthy texts or sources of any format into a consistent, interactive reading and learning experience. Since its inception, the platform has successfully supported over half a million students and researchers in efficiently reading and understanding academic papers. It also provides an assistive learning tool for customers with learning difficulties. Scholarcy operates a dual B2B and D2C business model. B2B sales are made to the UK assistive technology market, principally to the Disabled Students’ Allowance (DSA).
Texthelp is a global provider of learning analytics software and assistive technology solutions. The company’s cohesive, integrated product portfolio supports literacy and numeracy in the classroom and workplace environments, with a focus on helping special educational needs and dyslexic students in education. Texthelp’s flagship literacy software product, Read&Write, assists users with reading, writing and comprehension via an easy-to-use toolbar with tailored accessibility features. Other key products include numeracy, digital teaching and data-driven writing assessment tools. These enable educators and companies to meet accessibility regulatory requirements and improve learner outcomes. The business is headquartered in Antrim, Northern Ireland, UK. It has global operations, employing over 620 employees across Europe, North America and Australia.
Our role in the transaction
Oaklins S&W, one of Oaklins’ member firms in the UK, acted as corporate finance advisor to the shareholders of Scholarcy in this transaction.
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