Brentwood Associates Acquires Parchment and Merges It with Credentials Solutions

Instructure Acquires Parchment for $835 Million

October 10, 2023

Education

Instructure Holdings, Inc. has acquired Parchment (PCS Holdings, LLC), the largest academic credential management platform and network, for approximately $835 million in an all-cash transaction. The deal adds Parchment’s credentialing, transcript exchange and verification capabilities to Instructure’s Canvas learning platform, expanding its addressable market and providing cross-selling opportunities across K-12, higher education and employer verification channels.

Parchment Acquires Quottly

March 21, 2023

Education

Parchment has acquired Quottly, a provider of course and program sharing, transfer articulation, and dual enrollment software, to integrate Quottly's solutions into Parchment's transcript exchange network. The acquisition aims to reduce credit-loss for transferring students and expand Parchment's capabilities for course discovery, transfer equivalencies, and guided student pathways across higher-education institutions.

Pearson Acquires Credly

January 31, 2022

Education

Pearson has acquired Credly, the market leader in digital workforce credentialing, in a deal valuing the company at $200 million (including Pearson's existing stake). The acquisition — funded from Pearson’s cash and liquidity — will fold Credly into Pearson’s Workforce Skills division alongside Faethm to expand the company’s credentialing, workforce analysis and learning capabilities.

Acrisure Acquires Brentwood Services, Inc.

July 7, 2022

Insurance

Acrisure has entered into an agreement to bring Brentwood Services, Inc. into the Acrisure Partner network; the deal was finalized on July 1, 2022. Brentwood Services, a Tennessee-based provider of insurance-related claims and third-party administration services, will retain its identity while leveraging Acrisure's technology, resources and entrepreneurial network to accelerate growth.

Hardenbergh Group Acquires National Credentialing Solutions (nCred)

October 2, 2024

Healthcare Services

The Hardenbergh Group has acquired National Credentialing Solutions (nCred), a technology-enabled payer enrollment and credentialing services provider. The acquisition expands Hardenbergh's CVO and payer/provider enrollment capabilities to support customers' revenue cycle and credentialing needs.

Brentwood Associates Recapitalizes MedBridge

January 13, 2021

Healthcare Services

Brentwood Associates has recapitalized MedBridge, a SaaS provider of patient engagement and clinical education solutions, with LLR Partners and senior management retaining significant minority stakes. The investment will fund continued organic growth, support future acquisitions, and enable expansion into additional healthcare specialties and care settings.