Palo Alto – January 2022 – Woodside Capital Partners acted as exclusive financial advisor to FrontRow, a solution provider for classroom audio, campus communication, emergency communication and AV control, on their acquisition by Boxlight Corporation (Nasdaq: BOXL), a leading provider of interactive learning technologies for the classroom.
Headquartered in Petaluma, California, FrontRow provides solutions for classroom audio, campus communication, emergency communication and AV control. The company’s product suite includes the Juno all-in-one line array tower with teacher and student microphones, installed distributed audio solutions, and IP based campus communication including bells, paging and intercom. The company was founded in 1963 and has sold solutions into over 25 countries including 9,600 school districts in the U.S. Jens Holstebro, CEO at FrontRow, will accept the position of SVP Audio Solutions at Boxlight and will manage Boxlight’s audio strategy and operations going forward.
Jens Holstebro, CEO at FrontRow stated, “Finding a new home with Boxlight is a perfect fit for our future growth journey. We wanted to join an organization with deep roots in the education technology market who could appreciate our value and solution proposition. Besides deep market understanding, Boxlight will provide FrontRow with access to new customers across new verticals, and we are excited to co-develop solutions offering even more value through greater integration in the classroom and across the entire campus. We know from earlier partnership conversations with Boxlight that our cultures are very similar, so when the acquisition opportunity emerged, it was an easy decision.”
Michael Pope, Chairman and CEO at Boxlight commented, “We are excited to welcome Jens Holstebro and the entire FrontRow team to the Boxlight family. We identified classroom and campus audio as our top growth opportunity outside of interactive displays last year, and we actively identified and pursued FrontRow with its industry best solutions. I’m thrilled to have reached an agreement with the FrontRow shareholders, and I look forward to fully integrating the FrontRow products into our Boxlight ecosystem. We also expect to substantially increase demand for the FrontRow solutions as we leverage our global sales team and reseller channel.”
Rudy Burger, WCP Managing Partner, said: “FrontRow is a rapidly growing, highly profitable educational technology company and we were able to attract interest from both strategic and private equity buyers. It was a pleasure working with both Demant and FrontRow management on this divestiture. We’re delighted to have found a good home for this exciting company. “
About FrontRow
Founded in 1963, FrontRow is headquartered in Sonoma County (California), and has offices in Toronto (Canada), Aalborg (Denmark), Shenzhen (China), Brisbane (Australia), and Hamilton (United Kingdom). FrontRow’s technology helps schools communicate effortlessly with students, groups, and devices. Schools choose FRONTROW for its easy-to-use products, better academic outcomes, and a safer, more efficient campus. FRONTROW products have been helping children learn effectively in nearly 10,000 school districts worldwide.
About Boxlight Corporation
Boxlight Corporation (Nasdaq: BOXL) (“Boxlight”) is a leading provider of interactive technology solutions under its award-winning brands Clevertouch® and Mimio®. The company aims to improve engagement and communication in diverse business and education environments. Boxlight develops, sells, and services its integrated solution suite including interactive displays, collaboration software, supporting accessories and professional services. For more information about the Boxlight story, visit http://www.boxlight.com and https://www.clevertouch.com.
Woodside Capital Partners is a leading corporate finance advisory firm for tech companies in M&A and financings in the middle market. The firm has worked with leading entrepreneurs and investors since 2001, providing ultra-personalized service. Our team has global vision and reach, and has completed hundreds of successful engagements. We have deep industry knowledge and extensive domain experience in the following sectors: Autonomous Vehicles and ADAS, Computer Vision, Artificial Intelligence, CloudTech, Enterprise Software, Information Security, Digital Entertainment & Lifestyle, Health Tech, Internet of Things, Networking / Infrastructure, and Robotics. Woodside Capital Partners is a specialist in cross-border transactions, with extensive relationships among venture capitalists, private equity investors, and corporate executives from global 1000 companies. More about Woodside Capital Partners here.
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Questions? Contact Rudy Burger, Founder and Managing Partner, Woodside Capital Partners at [email protected] or Katie Elizabeth, Head of Marketing, Woodside Capital Partners at [email protected].