Arco adds to its portfolio a B2C digital
solution that serves public and private sector students, expanding
its addressable market to a supplemental vertical with favorable
growth prospects
Arco Platform Limited, or Arco (Nasdaq: ARCE), today
announced that it has acquired Me Salva!, an online educational
solution that prepares students to be admitted to the best
universities in Brazil.
“We are excited to add Me Salva! to our portfolio and with the
opportunities ahead on test prep and tutoring. This acquisition
enables Arco to start providing a high quality solution at
affordable prices to students that attend public schools, a segment
that historically faces a large opportunity gap to the private
sector in Brazil. Additionally, we are thrilled that such an
inspiring founder has decided to be part of our company. Together
with a highly talented, entrepreneurial team, Miguel has created
from scratch a disruptive solution that offers engaging content,
empowers students and improves their chances of being admitted to
the best universities in the country,” said Ari de Sá Neto, CEO and
founder of Arco.
Me Salva! was founded in 2011 by Miguel Andorffy with the
mission of helping students to improve their ENEM scores and to be
admitted to the best universities in the country. The online
solution offers recorded and live video classes, comprehensive
exercises, essay writing tools, assessment tests, 1-on-1 tutoring
and personalized study plans. Over 900 thousand students have used
Me Salva! in 2020, and the company has grown its revenues by 36%
per year between 2016 and 2020.
“Me Salva!’s team and I are thrilled to be joining Arco. We have
helped thousands of students to access higher education and believe
that, with this partnership, we will be able to scale our solution
and help many more students to achieve their dreams,” said Miguel
Andorffy, CEO and founder of Me Salva!
This transaction expands Arco’s supplemental solutions portfolio
to test prep and tutoring, a vertical with an estimated addressable
market of R$5 billion and favorable growth prospects. The deal
rationale relies on accelerating Me Salva!’s growth by leveraging
Arco’s resources, and strengthening Arco’s B2B2C winning factors
with new digital capabilities.
Additional information regarding this transaction can be found
on Arco’s website at
https://investor.arcoplatform.com/events-presentations/presentations/.
About Arco Platform Limited (Nasdaq: ARCE)
Arco has empowered hundreds of thousands of students to rewrite
their futures through education. Our data-driven learning
methodology, proprietary adaptable curriculum, interactive hybrid
content, and high-quality pedagogical services allow students to
personalize their learning experience while enabling schools to
thrive.
Forward-Looking Statements
This press release contains forward-looking statements as
pertains to Arco Platform Limited (the “Company”) within the
meaning of the Private Securities Litigation Reform Act of 1995,
including, but not limited to, the Company’s expectations or
predictions of future financial or business performance conditions.
The achievement or success of the matters covered by statements
herein involves substantial known and unknown risks, uncertainties
and assumptions. If any such risks or uncertainties materialize or
if any of the assumptions prove incorrect, the Company’s results
could differ materially from the results expressed or implied by
the statements we make. You should not rely upon forward-looking
statements as predictions of future events. Forward looking
statements are made on the basis of the Company’s current
expectations and projections relating to its financial conditions,
result of operations, plans, objectives, future performance and
business, and these statements are not guarantees of future
performance.
Statements which herein address activities, events, conditions
or developments that the Company expects, believes or anticipates
will or may occur in the future are forward -looking statements.
You can generally identify forward-looking statements by the use of
forward-looking terminology such as “anticipate,” “believe,” “can,”
“continue,” “could,” “estimate,” “evaluate,” “expect,” “explore,”
“forecast,” “guidance,” “intend,” “likely,” “may,” “might,”
“outlook,” “plan,” “potential,” “predict,” “probable,” “project,”
“seek,” “should,” “view,” or “will,” or the negative thereof or
other variations thereon or comparable terminology. Moreover, all
statements in this press release, whether forward looking or of
historical fact, are based on the limited information available to
the Company during the due diligence process of Me Salva! and its
business operations (the “Me Salva! Business”) prior to the signing
of the acquisition agreement discussed herein. This limited access
to information may have impaired the Company’s ability to conduct a
full and comprehensive assessment of the Me Salva! Business, thus
leading to risks and uncertainties. Reasons for this uncertainty
include, but are not limited to, the following: (i) the analysis
was conducted on the basis of pro forma, unaudited and adjusted
financial statements of the Me Salva! Business; (ii) the accounting
parameters and criteria adopted by the Me Salva! Business are
different from the ones adopted by the Company. In addition, the
forward-looking statements regarding the Me Salva! Business include
risks and uncertainties related to statements about competition for
the combined business; risks relating to the Company’s ability to
attract, upsell and retain customers of the Me Salva! Business; and
general market, political, economic, and business conditions in
Brazil or abroad.
Forward-looking statements represent the Company management’s
beliefs and assumptions only as of the date such statements are
made, and the Company undertakes no obligation to update any
forward-looking statements made in this presentation to reflect
events or circumstances after the date of this press release or to
reflect new information or the occurrence of unanticipated events,
except as required by law.
Further information on these and other factors that could affect
the Company’s financial results is included in filings the Company
makes with the Securities and Exchange Commission from time to
time, including the section titled “Risk Factors” in the Company’s
most recent Forms 20-F and 6-K. These documents are available on
the SEC Filings section of the Investor Relations section of the
Company’s website at: https://investor.arcoplatform.com/.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210310005937/en/
Investor Relations Contact Arco Platform Limited Carina
Carreira carinacarreira@arcoeducacao.com.br IR@arcoeducacao.com.br
https://investor.arcoplatform.com/
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