Feb 2024 - Acquisitions and News

Wow, Instructure Completes Acquisition of Parchment

Yes, the company/maker of Canvas has acquired Parchment! They're trying to grow the customer based and what an acquisition this will be for them. Amazing really, 165 million credentials over two decades...

Link: https://www.prnewswire.com/news-releases/instructure-completes-acquisition-of-parchment-the-worlds-largest-academic-credential-management-platform-and-network-302051169.html


Avathon Capital Acquires Magical Beginnings
Link: https://www.prnewswire.com/news-releases/avathon-capital-acquires-magical-beginnings-to-expand-access-to-high-quality-early-childhood-education-302049406.html


Lifelong Learner Holdings announces the sale of PSI Services
Link: https://www.prnewswire.com/news-releases/lifelong-learner-holdings-announces-the-sale-of-psi-services-302046385.html


Language testing company ETS acquires PSI
Link: https://thepienews.com/news/testing/testing-organisation-ets-acquires-psi/


Notre Dame High School Sold to Sacred Heart University

They're offering 50% off tuition to students accepted at Sacred Heart, about 20% of Notre Dame apply there. Hmm, I guess they're trying to retain the flow from that high school and that's a good option, by purchasing the high school altogether...

Link: https://www.nbcconnecticut.com/news/local/notre-dame-high-school-in-fairfield-is-sold-to-sacred-heart-university/3208774/


Startup Nets $140 Million to Bring High-Tech Solutions to School Bus Rides

Zum says it serves more than 4,000 U.S. schools in cities including San Francisco, Los Angeles, Chicago and Boston

Link: https://www.wsj.com/articles/startup-nets-140-million-to-bring-high-tech-solutions-to-school-bus-rides-ed7a7ee0


For-profit owner agrees to dismiss CEO, CFO as part of Education Department settlement

The agreement stems from accusations that International Education Corp.’s colleges violated federal student aid regulations.

Link: https://www.highereddive.com/news/for-profit-international-education-department-settlement/707054/