Instructure Holdings, Inc. (NYSE:INST) is looking for M&A. Chief Executive Officer, Steve Daly said, "With adjusted gross margin approaching 80% and adjusted EBITDA margins exceeding 40%, our free cash flow generation should enable us to continue investing both organically and through M&A to drive long-term durable growth. As we look ahead to 2024 and beyond, we have unwavering confidence that the Instructure Learning Platform's unique advantages address the intricate challenges posed by today's educational landscape. Peter Walker, Chief Financial Officer said, "As we have consistently communicated, M&A is an important part of our strategy to drive long-term durable growth.

We have a strong track record of successfully integrating acquired companies, completing 6 integrations in the last 4 years, and we have confidence we'll execute similarly with Parchment. Our capital allocation priorities remain unchanged since our IPO, investing in organic revenue growth, pursuing M&A and maintaining a healthy balance sheet".