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New Deal


Announced

Completed

Turnitin completed the acquisition of ExamSoft from Spectrum Equity.

Financials

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

Tags

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software development

Domestic

software platform

Acquisition

Private

Majority

Single Bidder

Software

Friendly

Completed

Private Equity

United States

Disposal

Synopsis

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Turnitin, a provider of academic integrity and assessment solutions, completed the acquisition of ExamSoft, a software-based assessment platform, from private equity firm Spectrum Equity. Financial terms were not disclosed. "Turnitin and ExamSoft are both committed to safeguarding integrity in education. We look forward to working with the Turnitin team to continue to advance integrity solutions across all levels and modalities of education to improve learning outcomes. We would also like to thank Spectrum Equity for their support and partnership over the past six years. Spectrum always recognized the distinctive value proposition of our product set and the depth of our customer relationships. They worked tirelessly alongside us to leverage these core attributes, expand our strategic vision, and accelerate the growth of our business," Sebastian Vos, ExamSoft CEO.

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