STI Buys Chalkable For $10M To Bring Its Educational App Store And Learning Platform To K-12 Schools

TechCrunch

With entrepreneurs beginning to wake up to the huge demand for better learning tools, and the opportunity for technology to remove some of the long-standing barriers within the system, startups have begun to flood into the education market. As a result, venture investment has begun to flow into education, and with a new crop of entrepreneurial and engineering talent emerging, established players are turning into buyers.

In October, Amazon stepped into education for the first time with its acquisition of math instruction company, TenMarks, and a new month brings another first-time buyer and another EdTech acquisition, as STI scooped up education-focused app store, Chalkable.

STI is the 30-year-old maker of education data management solutions for K-12 schools, which focuses its suite of products on Student Information Systems, parent-teacher communications and reporting, among others. With its acquisition of Chalkable, STI is yet another example of an veteran education player…

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