.
MergerLinks Header Logo

New Deal


Announced

Advance to acquire Turnitin from Insight Venture Partners.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

Education Services

education technology

Private

Venture Capital

Private Equity

Acquisition

Single Bidder

Pending

Majority

Friendly

Synopsis

Edit

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.”

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US