Follett School Solutions Acquired by Francisco Partners

Follett Corporation has sold Follett School Solutions, the company’s K-12 software and content division which includes Follett Destiny, to Francisco Partners.

Francisco Partners has acquired Follett School Solutions, which includes library management system Follett Destiny.

“FSS has played a pivotal leadership role in the development of content and technology solutions for schools everywhere, and as a result of this transition to Francisco Partners, we expect the business to significantly expand its reach across education,” Todd Litzsinger, CEO and Chairman of the Board, Follett Corporation, said in a statement announcing the deal. 

Francisco Partners's portfolio includes Renaissance Learning, Discovery Education, Freckle, myON, and Mystery Science.

Terms of the deal were not disclosed. 

Read the full press release below.


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