SYDNEY: Family Zone has acquired innovative student wellbeing provider Educator Impact.
“I am delighted to welcome the outstanding team at Educator Impact to the Family Zone Group. EI is an innovator in the exploding student engagement and wellbeing sector. EI’s flagship Pulse product is proven and ready-to-go for cross sell to our 24,000 schools in the US & UK,” Tim Levy, Managing Director Family Zone, said.
Educator Impact (EI) is an Australian based provider of student wellbeing technology. With circa $1.7 million of revenue, EI is self-sufficient and growing fast in Australia.
EI’s flagship product, Pulse is ready to launch into the US and UK. Pulse will be cross sold expeditiously to Family Zone’s UK and US existing customer base and through our channel partners to new clients. EI management team includes high quality executives Nabil Shaheen and Dr Joe Thurbon who will run Family Zone’s wellbeing products.
The acquisition of EI brings growth, talent and accelerates Family Zone to cash-flow break-even with no disruption to existing teams or operations. Family Zone to pay circa $2.95 million in shares (issued at 30c) upfront with performance consideration of up to $4.2 million in shares / convertible notes subject to achieving revenue milestones.
The Company intends to conduct a video presentation on the rationale for the acquisition later this month, once Managing Director Tim Levy returns from travel in the USA.
Founded in 2012 and based in Sydney, Educator Impact (EI) is a technology company delivering SaaS solutions to K-12 schools.
Educator Impact launched Pulse in 2020 and growth has been rapid. Pulse engages with and empowers students and teachers and delivers incredible insights for school administrators. The technology is supported by advanced embedded AI analytics, which provide an unrivalled wellbeing suite for K-12 institutions globally.
Highly scalable, Pulse has seen rapid growth in Australia and has been built for and is ready to launch into the huge US school sector, where social and emotional learning and wellbeing are exploding. Similar potential exists in the UK and other markets as well.
Educator Impact also offers a 360 degree feedback tool for teachers and school staff called PD360. Currently this product is only available in the Australian market.
Nabil Shaheen has grown businesses in telecommunications and FMCG, building teams and developing markets in Europe, the Middle East, and Asia Pacific. Prior to joining Educator Impact, Nabil launched the Tesco brand in 11 countries creating an export business of $45m USD.
Dr Joe Thurbon has been delivering world changing technology for more than 20 years. He established the machine learning research capability for Canon Information Systems Research Australia, and has held senior positions at Intersect Australia. Joe holds a PhD in Computer Science Artificial Intelligence from the UNSW.