Announced
Financials
Sources
Tags
United States
Education Services
education technology
Private
Venture Capital
Private Equity
Acquisition
Single Bidder
Pending
Majority
Friendly
Synopsis
Advance agreed to acquire Turnitin, a provider of education technology for academic integrity and writing solutions, from Insight Venture Partners. Financial terms were not disclosed. “Today marks an exciting chapter in Turnitin’s development, and we are excited to be joining the Advance family of companies,” said Chris Caren, CEO of Oakland, California based Turnitin. “Advance’s long-term perspective and commitment to education make them the perfect partner to help Turnitin advance our mission of engaging students and teachers worldwide. We would like to thank Insight and GIC for their support over the past few years which enabled us to scale the platform and we look forward to taking the company to the next level with Advance.”
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