FE International advises on Adly’s acquisition of Smodin

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) — FE International, Inc.global leader in mid-market technology mergers and acquisitions (M&A), announces strategic takeover of Smodina leading multilingual student-focused company using AI to solve students’ biggest learning challenges, Adlya wallet operator that acquires, partners, and collaborates with SaaS companies, technology companies, content sites, and startups.

Developed in 2017, Smodin leveraged its internally modeled R&D to stay ahead of the generative AI craze with its own large language models. Smodin serves as a complementary writing and research tool for students, designed for everyday use and challenging the full integration and use of AI in the education system.

“Smodin was born out of my personal journey as a self-taught engineer. I wanted to create a tool that would empower students in the way I would want to be empowered. This passion project has evolved into a powerful AI-powered writing assistant that helps students around the world better navigate their academic challenges,” he said. Kevin DanikowskiCEO and Founder of Smodin.

This is Adly’s third acquisition, following FE International’s acquisition of Beambox in 2022 and Page Flows in 2023. This latest acquisition continues to expand its suite of profitable SaaS and technology companies.

“Edtech investors are increasingly looking for stable teams with proven track records. They understand that lasting success in this sector requires not only innovative solutions, but also the experience and reliability to successfully navigate the dynamic education landscape,” said Fred Chiang, co-founder and managing partner of Adly.

“Smodin perfectly complements Adly’s portfolio, aligning with our commitment to innovation and excellence in education technology. Its advanced AI-powered capabilities enhance our offering, providing unparalleled support to students and strengthening our position as a leader in the edtech industry,” he said. Shawn Sheikhco-founder and managing partner of Adly.

“Our continued collaboration with Adly underlines the trust and synergy in this partnership. FE International’s extensive experience in the edtech sector has played a key role in facilitating these transactions, enabling us to continue to deliver high-value transactions and world-class educational solutions to our clients,” he said. Randall StephensonDirector of Investment Banking at FE International.

About Adly
With our vast growth and product experience, our mission is to acquire companies with untapped potential that we can scale with paid media, SEO, growth, and product expertise. We’ve built a team and network of experts that we leverage to take Adly’s portfolio companies to new heights.
For more information visit www.adly.com

About Smodin
AI is uniquely positioned to address some of the biggest learning obstacles that students and writers face today: writer’s block, information overload, and conceptual gaps. Smodin is a multilingual, student-focused company that uses AI to solve the biggest challenges in student learning. Inspired by the biggest challenges that students and writers face, Smodin’s mission is to make writing and learning as easy as possible. At Smodin, we believe that education should be fun and easy. Whether a student struggles with writing, language, or subject matter, we give students the tools they need to make the most of their academic journey.
For more information visit https://smodin.io

About FE International
Founded in 2010, FE is known for its extensive network of pre-qualified international investors. Its team includes experts in exit planning, valuation, accounting, legal and more. FE serves clients worldwide with headquarters in New York City and regional offices in Miami, San Francisco, London, Mumbai and Warsaw. It was named one of the fastest growing companies in America for 2024, 2023, 2022, 2021 and 2020 by The Financial Times and is also a five-time Inc. 5000 company. For more information, visit www.feinternational.com.