Texthelp Group, an Antrim-based EdTech company, recently announced the acquisition of Scholarcy, a UK-based company specializing in smart technology for academic research, writing, and study.
Co-founded in 2018, Scholarcy is the go-to reading and research tool, trusted by students and researchers worldwide. It harnesses AI technology to transform academic texts into interactive, structured summaries, helping students confidently build their knowledge of a subject. The firm is a user-friendly, streamlined study tool that allows students and researchers to organize, summarise, and critically evaluate sources. Alongside the existing solutions within the Texthelp portfolio, Scholarcy will play a pivotal role in enhancing the learning experience of higher education students across the UK.
Phil Gooch, CEO of Scholarcy, shared this vision:
I’m very proud of what we have achieved with Scholarcy, and I’m excited to continue its evolution as we partner with Texthelp. Our goal is to make the world’s knowledge more accessible to everybody. Together, we can bring this tool’s benefits to more students and researchers than ever before.
Texthelp describes itself as a global leader in assistive technology, supporting literacy and accessibility for millions worldwide through its platform of innovative technology solutions. The company aims to help people to understand and be understood.
Rick Bell, SVP of International Education at the Texthelp Group, added:
The Texthelp team welcomes Scholarcy to our brand family. Scholarcy offers an exciting new dimension to our higher education portfolio, giving more choice to students with additional learning needs.
The two combined teams are focused on building an even stronger suite of study support tools for students across UK higher education. By bringing together expertise and resources, the organizations will be able to take Scholarcy to the next level, expanding its reach and impact. This acquisition marks a significant step towards fulfilling our vision of improving the literacy and understanding of 1 billion people by 2030.
As part of the deal, the corporate finance team at the Bristol office of wealth management and professional services group Evelyn Partners, led by Alex Sowerby and Iain Lownes, acted as lead advisors on the transaction.
