VSTA - Mergers and acquisitions

SÃO PAULO, Brazil, Jan. 17, 2022 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ:VSTA) today announced the acquisition, through its wholly-owned subsidiary Somos Sistemas de Ensino S.A., of Phidelis Tecnologia Desenvolvimento de Sistemas Ltda. and MVP Consultoria e Sistemas Ltda. ("Phidelis"). Phidelis is a complete platform of academic and financial management for K-12 schools, providing (i) software licensing and development and (ii) messaging, retention, enrollment and default management, for schools and students. Founded in 2004, Phidelis have provided services to over 35 schools. In 2021, it recorded net revenue of R$ 5 million. In addition to aggregating a digital solutio

SAO PAOLO, Brazil, May 27, 2021 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ:VSTA) today announced the acquisition, through its wholly-owned subsidiary Somos Sistemas de Ensino S.A., of Nota 1000 Serviços Educacionais ("Redação Nota 1000"). Redação Nota 1000 provides individual and automated essay review services, through a license of its "software as a service" platform. Users of the Redação Nota 1000 service may choose to have their essays reviewed: (i) solely by essay-review specialists; (ii) on an automated basis by the company's software, with a final review by a specialist; or (iii) exclusively on an automated basis by the company's software. Founded in 2014, Redação Nota 100

SÃO PAULO, Brazil, March 02, 2021 (GLOBE NEWSWIRE) -- Vasta Platform Limited (“Company”) (NASDAQ: VSTA) announces the acquisition, through its wholly-owned subsidiary Somos Sistemas de Ensino S.A., of Sociedade Educacional da Lagoa Ltda. (“SEL”), paying R$65.0 million. SEL provides technical and pedagogic services to education platforms, including the maintenance of such platforms, development and improvement of contents and training of professionals. Founded in 1997, SEL currently serves, direct or indirectly, 441 schools, 272 thousand K-12 students and approximately 503 thousand students in the secondary and continuing education segment. Vasta estimates that the transaction has a 2021E

SÃO PAULO, Brazil, Dec. 09, 2020 (GLOBE NEWSWIRE) -- Vasta Platform Limited (NASDAQ: VSTA) announces the acquisition of Meritt, the most complete and cutting-edge digital assessment platform in the country. A team with over 10 years’ experience and over 500 schools served, Meritt possesses the largest K-12 database in Brazil and will help our partner schools with their digitalization process. The startup currently has 153 active clients, a number 40% superior to that of 2019, and is expected to close the year with an estimated revenue of BRL 1.5 million. In addition to aggregating a digital solution to the platform, bringing in new clients, and contributing with its experience in data anal