May 2026
📣 VC round data is live. Check it out!
Largest Education Software Public Companies in Canada
Benchmark revenue and EBITDA valuation multiples for public comps like
Constellation Software, Docebo, D2L, Thinkific Labs and Sylogist.
 | Constellation Software is an acquirer, manager, and developer of vertical market software, or VMS, businesses globally. VMS differentiates from horizontal software in that it provides mission critical solutions within a specific industry for customers in a particular market. Constellation operates through a decentralized model in which each business operates as its own independent entity. Managers of individual businesses are incentivized to optimize their business for returns on invested capital and revenue growth. Excess cash generated by the individual businesses is repatriated to portfolio managers who focus on allocating as much capital as possible on new acquisitions. As of 2025, Constellation consisted of over 1,000 individual businesses and 64,000 employees. | $2,009 | -45% | $43B | $45B | 3.9x | 13.8x | ||
| Docebo Inc is a provider of cloud-based learning management systems. The solutions provided by the company allow learning administrators to deliver scalable and flexible personalized learning experiences, from formal training to social learning to multiple internal, external, and blended audiences. The group provides an easy-to-use, configurable, and affordable learning platform with the end-to-end capabilities and critical functionality needed to train both internal and external workforces, partners, and customers. The majority of the revenue is derived from customers based in North America. | $18 | -35% | $445M | $466M | 1.9x | 10.6x | ||
| D2L Inc is a learning innovation company. It provides cloud-based learning software for higher education institutions, kindergarten to grade 12 (K-12) schools and districts, and private sector enterprises. The company serves K-12, higher education, associations, and the corporate sector. Its product includes D2L Brightspace and D2L Wave. Geographically, It operates in United States, Canada and Rest of the World, where it derives maximum revenue from United States. | $7 | -32% | $373M | $265M | 1.2x | 8.1x | ||
| Thinkific Labs Inc is a cloud-based software platform. Its business activity is to provide a platform that helps entrepreneurs and established businesses to scale and generate revenue by teaching. The platform provides its creators with the functionality needed to launch, grow, and diversify their businesses by creating and selling learning products composed of customized courses, communities, membership sites and other experiences that creators can create, sell, and deliver using its Platform. Its sources of revenue consist of software subscriptions to its cloud-based platform and revenue from payment processing. | $1 | -50% | $63M | $14M | 0.2x | 3.5x | ||
| Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals. , including fund accounting, grant management, and payroll to public service organizations. The company's revenue is divided into verticals namely, SylogistMission, SylogistEd, SylogistGov, and SylogistServices. It receives maximum revenue in the form of SaaS subscriptions. Geographically, the company offers its services to the United States of America, Canada, the United Kingdom, and other regions. The majority of the revenue comes from the United States of America. | $3 | -61% | $60M | $71M | 1.6x | 10.7x | ||
| Median | $7 | -45% | $373M | $265M | 1.6x | 10.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.