Leading K–12 vertical SaaS software provider Compass (or the “Company”) and globally recognized investment firm EQT announced the execution of formal agreements whereby EQT would invest in the Company to foster its further expansion, innovation, and product development.
Established in 2010, Compass is an all-inclusive cloud-based school management software catering to the K–12 education sector, with its headquarters situated in Melbourne, Australia.
Currently, Compass is utilized by over 4 million parents, teachers, and students in over 3,000 schools. It has also grown to offer its cutting-edge educational solutions to users in Ireland and the UK. For State and Territory education departments, private independent schools, enterprise education dioceses, and individual state schools, Compass provides a range of management options.
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At a time when schools are actively upgrading their systems and moving to the cloud, Compass is well-positioned to develop in Australia and its core markets with the support of EQT. In light of this, Compass is well-positioned to witness even higher uptake of its array of over 40 modules and integrated payment services.
Group CEO and Founder John de la Motte – who continues as a significant shareholder in the Company – said: “Compass is investing heavily to further develop the platform with a focus on analytics, learning, assessment, and timetabling — each of which are rapidly gaining traction in schools. The partnership with EQT, which brings to Compass its deep expertise supporting education and technology businesses globally, will support us in accelerating growth. We anticipate EQT’s support will even better enable Compass to expand internationally, pursue selective M&A opportunities, and accelerate hiring to bring forward some key projects.” EQT’s dedication to promoting the global education and technology industries is further demonstrated by its investment in Compass. With an overall valuation of more than USD 65 billion, EQT has invested in more than 60 platforms in these industries to date, demonstrating its commitment to creating cutting-edge solutions for educators, parents, students, and the larger tech landscape.
Nicholas Macksey, Partner in the EQT Private Capital Asia advisory team and head of the Mid-Market Growth strategy, said: “Compass is a standout leader in the education software space, and we have been consistently impressed by the company’s dedication to supporting meaningful education outcomes and exceptional user experiences for educators and parents. Compass extends EQT’s track record of supporting technology solutions that strategically align with our investment themes, enabling us to leverage our deep insights to enhance and drive innovation in key sectors. We look forward to working closely with John and Compass’ talented team to accelerate Compass’ mission of creating lasting value in the educational field.” The BPEA EQT Mid-Market Growth Partnership (“MMG Fund”) invests in Compass. EQT’s MMG strategy uses its pan-Asian presence to undertake key portfolio initiatives and draws on its large-cap buyout platform in Asia Pacific. EQT’s MMG and large-cap strategies have invested heavily in Asia’s software and IT services sector, and Compass joins Quantios, HRBrain, and WSO2. Read also- Lebanon-Based Cairn Surgical has Secured $4.5 Million in Funding Compass Education has offices in Victoria, New South Wales, Queensland, Western Australia, London, and Dublin. Multimillions of students, faculty, parents, and alumni utilize Compass, main software.About Compass
