Exclusive Financial Advisor to the sole shareholder of Institut für Bildungsevaluation Zürich AG (IBE) in establishing Trifork as new majority shareholder
At the end of last year, Trifork and IBE announced the signing of a partnership. As partners, Trifork and IBE will work closely together in the future development of IBE’s online learning and testing platforms. As part of the partnership, Trifork will also acquire the majority of stake in IBE as of fiscal year 2023.
Trifork has for several years been an active partner in the development of IBE’s software. By combining Trifork’s ecosystem of technological competencies with IBE’s talented team and solid reputation in digital assessment and learning, the acquisition is expected to strengthen the position for both companies in the Swiss market.
«With Trifork as our new co-owner, IBE will have the power to expand the development of both our educational and examination systems and keep these updated with the latest technologies», says founder of IBE, Professor Urs Moser, and continues «Delivering top quality services based on solid research has been of utmost importance to us. This is very much in line with the DNA of Trifork. As a member of the Trifork family, we will be able to increase our customer and market base and continue to make a positive difference for both students and teachers.»
IFBC supported the founder and owner of IBE as exclusive financial advisor in the preparation of the transaction and throughout the entire transaction process. In a first phase, possible strategic options were examined with the owner and the transaction was prepared. During the implementation of the transaction IFBC as M&A advisor developed the transaction structure and accompanied the due diligence as well as the transaction negotiations.
Professor Urs Moser, comments as follows: «IFBC quickly understood our requirements and successfully implemented them within the framework of this partnership. We received excellent support during the preparations and the entire sales process. This enables IBE to establish a sustainably successful partnership with the right partner – Trifork.»
IBE is a Swiss company focused on the development of software for adaptive testing and formative learning for schools in Switzerland and other German-speaking countries. IBE started as a privately organized research institute with a connection to the University of Zürich and has since earned an excellent reputation within the Swiss education system.
Trifork is a global NextGen IT company that develops innovative software solutions in collaboration with its customers. The company has more than 1,000 employees, across 62 business units, with offices in 13 countries. Trifork works in six business areas: Digital Health, FinTech, Smart Building, Cloud Operations, Cyber Protection and Smart Enterprise.
The link to the official media release can be found here.