Sdui Group (“Sdui”), one of the leading providers of education technology in Europe, recently announced that it has acquired digital education solutions provider FoxEducation with its brands SchoolFox, KidsFox, and TeamFox. With the acquisition of FoxEducation, the Sdui Group intends to establish itself as a market-leading EdTech provider in communication and messaging for schools and daycare centres in German-speaking countries.
Founded in Vienna in 2016, FoxEducation offers digital solutions to simplify communication and administrative tasks in the education sector. In addition to the SchoolFox app for schools, the company later introduced the KidsFox platform for daycare centres and kindergartens and TeamFox for clubs. The platform claims that over 9,000 institutions in the DACH region use FoxApps today.
Speaking on the deal, Philipp Fendt, Co-CEO of FoxEducation, said:
The acquisition of FoxEducation by the Sdui Group is a significant win for our customers. We look forward to further joining forces to improve everyday life in schools and preschools. Our combined expertise will create an even stronger foundation for innovative educational solutions. This partnership will ensure our customers receive the best tools for their educational needs. By combining our resources, we aim to provide a more comprehensive and effective solution that will benefit students, teachers and parents alike.
Since its foundation in Koblenz in 2018, the Sdui Group has developed into one of Europe’s fastest-growing education technology companies. As a reliable partner, the EdTech provider supports educational institutions, providers and ministries in digitalisation and develops innovative operating systems for digital schools and preschools. The company aims to connect teachers, educators, parents and children through intelligent functions. It currently employs around 230 people. It is active in more than 70 countries. Following the acquisition of FoxEducation, 22,000 educational institutions use services offered by the Sdui Group.
Daniel Zacharias, Founder and CEO of the Sdui Group, added:
The acquisition of FoxEducation is an important strategic step that significantly strengthens the Sdui Group’s presence in the DACH region. With a growing, holistic product offering, this exciting acquisition will enable Sdui to serve educational institutions in the German-speaking area better and consolidate our position as the largest digitalisation partner for educational institutions in Europe. With a total of 46 million euros, we can continue to invest in pioneering education technology.
Sdui has also announced that it has raised a further $22.87 million ( €21 million) from investors. Summiteer and HV Capital are leading the new financing round with broad support from new and existing investors – including Haniel, Brighteye, Michael Hinderer and HTGF. With the proceeds from the first funding round (Series A), the EdTech company now has 46 million euros available for investment. The company is investing part of this sum in the acquisition of FoxEducation. It plans to use the new funding to further invest in its platforms to simplify everyday life in schools and preschools.
In the future, Sdui and FoxEducation will combine their expertise to improve their products. Both companies also expect this to lead to more robust growth. FoxEducation already has three successful years behind it: the education platform was acquired by GoStudent in September 2021 and grew over 70% under the company’s management.
