Translink Corporate Finance acted as the advisor to Software2 Holdings, the parent company of AppsAnywhere, on its investment from Cordance

Translink Corporate Finance™ acted as the lead advisor to the shareholders of UK and US-based Software2 Holdings Limited, the parent company of AppsAnywhere, on its investment from Cordance, with Clarion (Legals) and BHP (Transaction Tax) also advising on the deal.

AppsAnywhere builds on global presence

Founded in 2009, AppsAnywhere provides universities and colleges around the world with a highly focused, market-leading software delivery platform, enabling students to access their educational resources and applications anywhere, at any time, and on any device. AppsAnywhere has built a strong reputation in the higher education markets and an impressive global presence, supporting over 250 educational institutions across 22 countries. A significant proportion of its customers are already based in North America.

Cordance expands into Europe

Cordance, based in Raleigh, North Carolina, is a software company that partners with founder-led, mission-focused tech companies to accelerate growth and scale innovation in education.
The partnership will strengthen Cordance’s EdTech portfolio and marks its first investment in the European market. With the support of Cordance, AppsAnywhere will continue to solidify its position in the global market and accelerate growth in North America.

Comments from AppsAnywhere

Nick Johnson, Founder and CEO at AppsAnywhere, said, “Joining Cordance marks a powerful next step for AppsAnywhere. We’ve always believed that software delivery in higher education requires purpose-built tools, not one-size-fits-all solutions. With Cordance’s partnership and the opportunity to collaborate closely with other companies in their education portfolio, we’re excited to expand our impact, drive further innovations, and continue removing the technical barriers to student success.”

Cordance reinforces commitment to higher education

Caroline Morris, Chief Executive Officer at Cordance, said, “I’m thrilled to welcome AppsAnywhere to the Cordance organisation. This acquisition strengthens our commitment to higher education and expands the ways we can support IT leaders as they modernise their institutions.”

Comments from Translink Corporate Finance

Aaron Lowery, Director at Translink Corporate Finance UK, said, “It has been a pleasure to work closely with Nick and his team. AppsAnywhere is a fantastic business which has forged an enviable reputation in the global EdTech market. The partnership with Cordance is an exciting opportunity for the business to continue its growth journey in key markets. The acquisition is a perfect example of Translink’s ability to utilise a multi-disciplinary team to navigate the transactional complexities of cross-border M&A.”

Supporting advisory teams

The Translink Corporate Finance team consisted of Andy Haigh, Matt Scott, Aaron Lowery, Luke Harrower and Mohit Mehta (Translink USA) with support from its specialist Transaction Tax (Fletcher Adamowicz and Ryan Wilkinson) and SPA Advisory (Alison Barnes) teams.

The Clarion team consisted of Jonathan Simms, Nicola Cooper, Meg Gartland and Jonathan Schneider. Cordance were advised by Goodwin Proctor (Legal), Exbo Group (Financial Diligence) (US-based) and Grant Thornton (Tax).