Vasta Platform Limited (Brazil)

The Company is a technology-powered education content providing end-to-end educational and digital solutions that cater to all needs of private schools operating in the K-12 educational segment.
The Company has built a “Platform as a Service”, solution or PaaS, with two main modules: Content EdTech Platform and Digital Services. The Company's Content EdTech Platform combines a multi-brand and tech-enabled array with digital and printed content through long-term contracts with partner schools.
The Company has operate two segments:
- The Content EdTech platform derives its results from core and complementary educational content solutions through digital and printed content, including textbooks, learning systems and other complementary educational services.
- The Digital Services aims to unify the entire school administrative ecosystem, allowing private schools to add multiple learning strategies and help them to focus on education, through the physical and digital e-commerce platform (Livro Facil) and other digital services of the Company. Operations related to this segment began with the acquisition of Livro Facil.
HISTORY
1966 The Company was founded in 1966.
2019 The Company is a publicly held company incorporated in the Cayman Islands on October 16, 2019, with headquarters in the city of Sao Paulo, Brazil.
2020 The Company completed its initial public offering on July 31, 2020. Its common shares have been listed on the Nasdaq Global Select Market since July 31, 2020 under the symbol “VSTA”.
2021 The Company acquired, through its wholly owned subsidiary, Somos Sistemas, 100.0 of the outstanding shares and voting rights of Sociedade Educacional da Lagoa Ltda., or SEL for a purchase price of R 65.0 million on March 2, 2021.
On May 27, 2021, the Company acquired through its subsidiary, Somos Sistemas de Ensino S.A. (“Somos Sistemas”) the entity Redacao Nota 1000, which provides essay review services as a service platform, through its proprietary software.
On August 1, 2021, the Company acquired through its subsidiary, Somos Sistemas de Ensino S.A. (“Somos Sistemas”) the entity EMME, which provides educational marketing solutions for schools, through license of its “software as a service”.
2022 The Company acquired the companies Phidelis Tecnologia Desenvolvimento de Sistemas Ltda. and MVP Consultoria e Sistemas Ltda. (“Phidelis”), when the control over the entity was transferred upon all conditions established on the share purchase agreement and the liquidation was completed on January 14, 2022.
On July 19, 2022, the Company acquired a minority interest in Educbank Gestao de Pagamentos Educacionais S.A., or Educbank.