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MDP's capital markets group has arranged for committed financing from a group of private lenders to support the transaction. Ropes & Gray LLP served as legal counsel to Genstar.

William Blair & Company served as Lightspeed’s financial advisor and Kirkland & Ellis provided legal counsel. Genstar and funds affiliated with Madison Dearborn will each have equal ownership stakes in Lightspeed while the founders and management team also retain a significant ownership position. We are pleased to partner with Genstar and continue supporting Lightspeed’s strategy as the Company expands and enhances its offerings to complete the safety lifecycle.” The company has exceeded expectations and has been successful in developing and cross-selling solutions like Alert, Analytics and Classroom Management.”Īlex Fisher, Director at MDP, added, “Lightspeed continues to drive the pace and direction of innovation in the industry, including supporting the transition towards digital learning while maintaining engaging classroom experiences and exceptional student protection.

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Matthew Norton, Managing Director at MDP and Head of the firm’s Business & Government Software and Services team, said, “We partnered with the founders and management of Lightspeed in 2019 to help the company scale for growth. We look forward to working side by side with Lightspeed management and MDP to leverage Lightspeed’s innovative reputation to capitalize on new organic and inorganic expansion opportunities.” Lightspeed’s feature-rich, modern platform is well-regarded and trusted by all stakeholders including administrators, teachers, parents and channel partners to drive wellbeing, compliance and student success. Scott Niehaus, Principal at Genstar, said, “Lightspeed is a tremendously impactful company that is helping schools navigate critical issues facing society including student safety, mental health and educational efficacy. With the backing of both Genstar and MDP, we will continue our mission of advancing safety and educational effectiveness.” As investments in ed-tech products continue to surge, Lightspeed is well-positioned to help educators and administrators make sense of the immense data on student online activity. Our deep roots in device management and web filtering, combined with significant investments in new products and offerings, including our recent acquisition of CatchOn, have established Lightspeed as the industry-leading digital infrastructure platform. Founded in 1999, Lightspeed is headquartered in Austin, Texas and has approximately 215 employees.īrian Thomas, President & CEO of Lightspeed Systems, commented, “For more than two decades, Lightspeed has provided trusted solutions to meet the unique and evolving needs of K-12 schools. Lightspeed is trusted by more than 32,000 schools in 39 countries and boasts a diverse customer base spanning the largest school districts, MATs, charter networks, and private schools. Its products include web filtering, student safety monitoring, analytics, classroom management, and mobile device management solutions across the continuum of devices and operating systems used for learning. The Company’s scalable, cloud-based platform for the K-12 education market safeguards 20 million students and enables educators to effectively teach, including managing and capitalizing on the proliferation of devices and learning applications utilized in and out of the classroom.

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Lightspeed’s full suite of solutions keep students safe and engaged. The additional investment will help to drive continued product innovation and position Lightspeed to accelerate its mission of keeping students safe and enabling equitable and effective learning. AUSTIN, Texas-( BUSINESS WIRE)-Lightspeed Systems (“Lightspeed”), a trusted partner in learning safety and effectiveness, announced today that it has received a significant growth investment from Genstar Capital (“Genstar”), joining existing investor Madison Dearborn Partners (“MDP”).