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New Deal


Announced

Advance Publications-backed Turnitin to acquire Ouriginal from Procuritas.

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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Friendly

Cross Border

Majority

Private Equity

Software

text-matching software

Acquisition

Pending

Sweden

Single Bidder

Private

Synopsis

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Advance Publications-backed Turnitin, an Internet-based plagiarism-detection service provider, offered to acquire Ouriginal, a text-matching software, from Procuritas, a private equity firm. Financial terms were not disclosed. This intended acquisition expands Turnitin and Ouriginal’s geographic reach, allowing more customers around the world to access products that help them ensure the integrity of education.

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