BRIEF: Education Technology Firm Buys Maryland Software Maker [The Hartford Courant]
(Hartford Courant (CT) Via Acquire Media NewsEdge) Feb. 28--East Hartford-based finalsite, which provides a platform for content and communications to schools in 48 countries, said Wednesday it bought Silverpoint, a Baltimore, Md., creator of software and web pages for independent schools.
The purchase pushes finalsite's client base to 1,300 schools and expands the offerings of the firm, which has 71 employees, 62 in Connecticut, excluding Silverpoint.
"Now with a presence in 54 countries around the world, our joint resources will enable us to offer schools a deeper and more comprehensive suite of software systems, multiplatform solutions and premium creative services," said Jon Moser, finalsite's founder and CEO.
The Silverpoint president will remain as a board member and chief innovation officer of the combined company. Silverpoint has offices in San Francisco and Hoboken, N.J. in addition to Baltimore.
Terms of the deal and annual revenues of the privately held finalsite were not disclosed.
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