Higher Education Technology Company Ellucian to be Acquired by Blackstone and Vista Equity Partners
Private equity funds managed by Blackstone and Vista Equity Partners have agreed to acquire Ellucian, the technology solutions provider that delivers enterprise resource planning (ERP) software to higher-education institutions.
“Digital transformation is one of Blackstone’s highest-conviction investment themes and Ellucian has proven itself a clear leader in the fast-growing higher-education technology sector. The long-term nature of our partnership with Ellucian will allow us to invest substantially in innovation for its customers,” says Eli Nagler, a Senior Managing Director at Blackstone.
“As a market leader and innovator, Ellucian has a tremendous opportunity to further modernize diverse higher education institutions globally. We look forward to partnering with Ellucian to elevate the higher education experience, while improving outcomes for institutions, instructors and students alike,” says Jim Hickey, Co-Head of Vista’s Perennial Fund and Senior Managing Director.
Platinum Equity Strikes Deal to Buy McGraw Hill From Apollo
Platinum Equity has entered into an agreement to acquire McGraw Hill, a global leader in educational content and digital platforms for approximately $4.5 billion.
Delivering curated content and digital learning tools and platforms to the classrooms of pre-kindergarten students through 12th grade, McGraw Hill is trusted within school districts across the Americas, Asia-Pacific, Europe, India and the Middle East.
“We believe in McGraw Hill’s mission to create a brighter future for learners of all ages around the world,” said Platinum Equity founder and CEO Tom Gores. “The pandemic has been especially disruptive to education, and investing in innovative solutions, and digital learning tools in particular, is more important than ever. We are excited about the opportunity to put our operational and financial resources to work on behalf of students and teachers everywhere.”
Retention Management – Rio Salado College
Rio Salado College and InScribe Partner with Students to Develop Innovative Digital Community
In order to promote engagement and improve outcomes, Rio Salado College and InScribe are launching a pilot series of innovative, interactive digital communities allowing students to easily connect with their peers, advisors, and faculty, thus creating an inclusive culture across the institution.
“Collaborating with the InScribe team has been an exciting process. We’ve been able to merge a proven community approach with our own students’ ideas and insights. Since the platform is not prescriptive, it allows us to be more intentional about our outcomes and create spaces that resonate with students,” Rio Salado’s Interim Vice President of Strategy, Advancement and National Division Janelle Elias.
Katy Kappler, CEO of InScribe, acknowledges the importance of the human connection: “Rio Salado’s digital community simplifies the way students find answers and get support, but it also builds upon the human connection that is so important to their educational experience and success.”
Source: Cision PR Web