Mergers and Acquisitions
Our Take on the Quottly Acquisition by Parchment
Last week, Parchment announced the acquisition of Quottly. As mentioned in the press release, “[t]his acquisition adds a new dimension to Parchment’s mission to turn credentials into opportunities by helping higher education give students access to more academic options, up-to-date transfer information, and guided pathways to ensure they stay on track and graduate on time.” ... Our Take on the Quottly Acquisition by Parchment Read More
Renaissance Acquires Illuminate Education
NOTE: Our “assessments and evaluations” product group is still in development. The data referencing this should be considered preliminary. With the end of the summer came another acquisition: Renaissance acquired Illuminate Education on August 24, 2022. Now merging, these two K-12-centric companies will accentuate their leading presence in the assessments and evaluations product category. Let’s ... Renaissance Acquires Illuminate Education Read More
Justin’s Thoughts on Anthology Together
Earlier this month, I was invited to attend the annual Anthology/Blackboard conference, entitled Anthology Together. This was my first time attending an Anthology or a Blackboard conference. The conference took place at the Walt Disney World Dolphin Resort in Orlando (Florida) from July 11th to July 14th, 2022 and had about 2,200 total attendees. I must say that ... Justin’s Thoughts on Anthology Together Read More
Class Acquires Collaborate: Two Visions Emerge
On May 19, 2022, Class and Anthology announced they have signed a definitive agreement for Class to acquire Anthology’s Blackboard Collaborate virtual classroom tool. While Class doubles down on a future with Zoom and Blackboard Collaborate as a virtual classroom tool, Anthology goes all-in on its Blackboard Ultra LMS. Collaborate and Class: The Numbers Before ... Class Acquires Collaborate: Two Visions Emerge Read More
2U To Acquire The Nonprofit EdX For $800M
On June 29, the online education community was redefined. After several years of trying to compete against the leaders of this product category, MIT and Harvard have agreed to sell their nonprofit MOOC/OPM solution to 2U for 800M$. The consolidated company will reach over 50 million learners and offer more than 3,500 digital programs thanks ... 2U To Acquire The Nonprofit EdX For $800M Read More
Blackstone And Vista Equity To Acquire Ellucian
In 2019, we mentioned in our newsletter that TPG Capital and Leonard Green were getting ready to sell Ellucian in a potential $5 billion-plus sale. After 18 months, on June 14, Blackstone and Vista Equity announced that they would soon acquire this major player in the higher education ERP industry. With this acquisition, Vista Equity ... Blackstone And Vista Equity To Acquire Ellucian Read More
Francisco Partners Purchased VitalSource
On June 1, Francisco Partners, an investment firm that focuses on technology, officially acquired VitalSource to broaden its investments in digital education. With this new investment, Francisco partners gain more than 25 years of experience in digital learning platforms, implemented across the world. About VitalSource Founded in 1994, VitalSource has improved the online course materials ... Francisco Partners Purchased VitalSource Read More
Turnitin Acquiring Ouriginal: what’s left on the market
Seven months after Urkund bought PlagScan to form Ouriginal, Turnitin is clear on its position: this new competition has to be part of the Turnitin family. Let’s see what the biggest plagiarism company to exist will look like. Client base Because Urkund was located in Sweden and Plagscan was based out of Germany, Ouriginal was ... Turnitin Acquiring Ouriginal: what’s left on the market Read More
PowerSchool and EAB to Acquire Hobsons’ Products
On February 18, 2021, the edtech world learned that parts of Hobsons were about to be dismantled and sold to two companies. Naviance and Intersect products will soon be part of the PowerSchool portfolio, an acquisition marked at $320 million, while Starfish will be transferred to EAB for about $90 million. In one of our ... PowerSchool and EAB to Acquire Hobsons’ Products Read More
Campus Management and Edcentric are purchased by Veritas Capital
Campus Management and Edcentric have very little product overlap, but they complement each other in that they are positioned to help higher education institutions improve their overall efficacy in providing platforms that could potentially respond to the institutions' needs in regard to robust organizational systems.
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Possible Sale of Ellucian: Brief History of One of the Biggest HigherEd Tech Company
With the recent news that “TPG and Leonard Green & Partners are gearing up to sell Ellucian Software”, we wanted to have a closer look at its history, its market share and its positioning in the HigherEd market. Not only is Ellucian a large HigherEd player, but it is also the largest HigherEd technology company ... Possible Sale of Ellucian: Brief History of One of the Biggest HigherEd Tech Company Read More
