QuinStreet announces divestiture of Education Client vertical

QuinStreet announced that it has completed the sale of its Education media, client and campaign assets to EducationDynamics, a private company, for $20 million in cash. The sale closed on August 31, 2020.

“The sale of our Education assets is a big and important step in the narrowing of our footprint to our largest and most attractive opportunities,” commented Doug Valenti, CEO of QuinStreet. “With the divestiture of Education, we are now focused solely on Financial Services and Home Services. Revenue from those client verticals has grown at a 3-year CAGR of 32% for QuinStreet. We believe that the Financial Services and Home Services client verticals represent our biggest and most attractive long term business opportunities, capable of supporting strong double-digit revenue growth and margin expansion for many years to come.”