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Wise Music Group Sells Its Music Education Division

Wise Music Group Sells Its Music Education Division
Wise Music Group
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NEW YORK (CelebrityAccess) – Publisher Wise Music Group announced the sale of its Digital Education division to the New York-based private equity investor Achieve Partners.

The deal includes the popular education platforms MusicFirst, Charanga, Rising Software, Focus on Sound, and O-Generator, and expands on Achieve Partner’s strategy to build a comprehensive education software platform for performing and visual arts.

“This is an exciting new chapter for MusicFirst and our sister companies. Achieve Partners’ commitment to education and technology aligns perfectly with our mission to empower music educators and students alike,” said Dr. Jim Frankel, Founder and Managing Director of MusicFirst, who will continue to serve as the company’s president following the acquisition. “I am proud of what we’ve accomplished and look forward to collaborating with Achieve to drive even greater innovation and impact in music education.”

“We are thrilled to welcome Wise Music Group’s entire suite of groundbreaking education tools to the Achieve family,” said Troy Williams, Managing Director of Achieve Partners. “These companies have a remarkable track record of delivering innovative music education solutions to schools, teachers, and students worldwide. This is about not just supporting their continued growth, but also ensuring that they continue to set the standard in digital music education.”

Following the sale of its education assets, Wise Music Group will refocus on its music publishing business.

“This milestone represents the culmination of years of strategic transformation for Wise Music Group. By entrusting our education businesses to Achieve Partners, we are confident that these brands will flourish under their stewardship. At the same time, we can now fully dedicate ourselves to our core mission of music publishing, reinforcing our position as a leading independent in the industry,” said Thomas Wise, Chief Executive of Wise Music Group.

The financial details of the acquisition were not disclosed.

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