TransACT Receives Growth Investment from Polaris Partners
SEATTLE – February 21, 2020 – TransACT Communications, LLC (“TransACT”), a leading SaaS provider of engagement, compliance and payment solutions for the education market, has received a strategic growth investment from the Polaris Growth Fund (“PGF”). PGF is a software-focused, specialized affiliate fund of Polaris Partners, a Boston-based private investment firm with two decades of technology investing experience.
TransACT is dedicated to driving improved student outcomes through its comprehensive product suite for education administrators. Over 6,000 districts and 25,000 schools across North America rely on TransACT products to maintain compliance, drive efficiency and power user-friendly engagement between administrators and parents.
Alex Jarzebowicz, Chief Executive Officer of TransACT, said “This investment by Polaris represents a significant validation of the mission and strategy we have developed for TransACT over the last few years. It’s an exciting announcement for our employees, customers, and partners who have helped us build our solutions over the last 26 years. PGF’s backing provides our mission-driven organization the capital and resources to execute on the many opportunities we see for innovation that deliver an enhanced experience for educators and administrators while driving improved outcomes for students.”
“Under Alex’s leadership, TransACT has become an emerging market leader with unique positioning as a unified platform with substantial runway for greater impact” said Dan Lombard, a Partner at PGF who will join the Board of Directors. “We look forward to supporting the team’s vision for growth, both organically and through strategic acquisitions” said Sabrina Chiasson McLaughry, a Vice President at PGF who will also join the Board of Directors.
Leonis Partners served as the exclusive financial advisor to TransACT. “Thanks to the Leonis team’s deep domain knowledge of the EdTech and Public Sector SaaS, their ability to navigate complex transaction structuring to find efficient capital outcomes, and their knowledge of the leading investors in the EdTech landscape, TransACT was able to find an optimal growth capital solution with Polaris Partners,” said Alex Jarzebowicz. “This transaction marks a major milestone and another successful outcome of a multi-year, multi-deal relationship with Leonis Partners.”
Headquartered in Lynnwood, Washington, TransACT Communications provides parent engagement, compliance reporting services, and payment solutions for North American K-12 and HigherEd institutions. TransACT’s employees and unique technology provides solutions in over 50 states and provinces that collectively reach over 1.2 million teachers and over 15 million parents and students.
About Polaris Partners
Founded in 1996, Polaris Partners is a venture and growth capital firm based in Boston, Massachusetts. With offices in Boston, San Francisco, and Dublin, Polaris partner globally with an unparalleled network of repeat entrepreneurs, top scientists, and emerging innovators who are making significant contributions in their fields and improving the way in which we live and work. Polaris Partners invests in exceptional technology and healthcare companies across all stages of their life cycles. The firm prefers to invest in seed, early, later and expansion stage companies operating in the technology and healthcare sectors.
About Leonis Partners
Leonis Partners serves as a full-service advisor to entrepreneurs and their businesses. Calling on decades of experience from some of the largest leading global financial institutions, Leonis crafts highly calibrated solutions to achieve our clients’ needs as it pertains to M&A, Capital Raising, Fairness & Valuation Opinions, and other Special Situations. Our experience and track-record in each of these core areas continues to provide our clients with superior results. The firm is headquartered in New York. For more information on Leonis Partners, visit www.leonispartners.com.