Forj completed the merger of Web Courseworks on January 5, 2023, to deliver community-driven learning experiences and help clients reduce churn, grow membership, and generate non-dues revenue. The companies did not disclose the financial terms of the deal.
| Acquirer | Forj (US) |
|---|---|
| Target | Web Courseworks (US) |
| Deal Type | Merger |
| Close Date | January 5, 2023 |
| Announcement Date | January 5, 2023 |
| Buy-side Advisors | Aicardi & Partners, 4GC |
Deal Mechanics
The merger between Forj and Web Courseworks brings together two industry leaders in the technology sector. The deal was announced on January 5, 2023, with the same date marking its completion.
Strategic Rationale
Kurt Heikkinen, CEO of Forj, noted that the merger is aimed at modernizing member experiences in mission-driven associations and professional communities. By combining forces, the companies aim to deliver measurable results for organizations striving to grow through community-driven learning.
Financial Context
The companies did not disclose financial details such as deal value or key terms. However, Forj had previously secured $15 million in Series A funding from Plymouth Growth and existing investors, which will support the merged entity's innovation and growth initiatives.
Advisors
Aicardi & Partners and 4GC served as financial advisors to Forj. Financial and legal advisors for Web Courseworks were not disclosed.