Valsoft Corporation (Valsoft), a Canadian company that specialises in the acquisition and development of vertical market software businesses, is pleased to announce the successful acquisition of ScholarChip (ScholarChip Card LLC), a global provider of identity management, visitor management and behavioural software for the K-12 vertical.
Acquisition of ScholarChip
ScholarChip was founded in 2003, by Dr. Maged Atiya and his wife, Monica Sibillia Atiya, with a mission to help make schools safer, more engaging, and more supportive of student success. Since then, the company has continued to innovate and remained at the forefront in school safety.
We are thrilled to have found a partner with a shared vision and a long-term view"
Craig Lockwood, the Chief Financial Officer (CFO) and President at ScholarChip, stated “Valsoft’s considerable experience and expertise in building great software companies will help ScholarChip further its mission of promoting safe and supportive school climates. We are thrilled to have found a partner with a shared vision and a long-term view.”
Seamless transition to help drive growth
The ScholarChip team will remain in the company’s base in the USA, with Craig Lockwood and the senior leadership team remaining at the helm of the business, ensuring a seamless transition that helps drive the product and company forward.
Sam Youssef, the Chief Executive Officer (CEO) at Valsoft Corporation, said “We’re extremely excited to partner with ScholarChip and help them achieve their growth strategy. We’re confident that with their strong market positioning and solutions, along with our best practices, and M&A expertise, ScholarChip and its customers will benefit from this relationship for years to come.”