Instructure Acquires Parchment for $835 Million

Brentwood Associates Acquires Parchment and Merges It with Credentials Solutions

February 11, 2020

Education

Brentwood Associates has acquired Parchment Inc., a digital credential management platform, and will merge it with Credentials Solutions (a Brentwood portfolio company) under the Parchment brand. The combined organization will serve an integrated network of over 13,000 schools, universities and professional organizations and focus on modernizing exchange of verifiable academic and professional credentials.

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.

KKR and Dragoneer Acquire Instructure for $4.8 Billion

November 13, 2024

Education

Investment funds managed by KKR, with participation from Dragoneer Investment Group, acquired Instructure Holdings, Inc. in an all-cash transaction at $23.60 per share, valuing the company at approximately $4.8 billion. Instructure will become privately held and remain headquartered in Salt Lake City as KKR supports product innovation, global expansion and continued investment in the Canvas and Parchment products.

Thoma Bravo Acquires Instructure for Approximately $2.0 Billion

March 24, 2020

Cloud & SaaS

Thoma Bravo, a leading private equity firm focused on software, agreed to acquire Instructure in an all-cash transaction that values the company at roughly $2 billion, with Instructure stockholders receiving $47.60 per share. The take-private will allow Instructure to increase investment in product innovation, accelerate growth (including international expansion) and continue to operate under its existing management team.

Instructure Acquires Certica Solutions

December 10, 2020

Education

Instructure has signed an agreement to acquire Certica Solutions, a Wakefield, Massachusetts-based K–12 assessment and analytics provider. The acquisition will integrate Certica's assessment platform, standards-aligned item banks, and Videri analytics into Instructure's Canvas learning platform to deliver more actionable student data and personalized learning at the district level. Certica was sold by New Harbor Capital; the transaction is expected to close before the end of the year.

Instructure Acquires EesySoft

July 1, 2021

Education

Instructure has agreed to acquire Amsterdam-based EesySoft, an education-technology adoption vendor, and will rebrand the product offering as "Impact by Instructure" to drive adoption and engagement within the Instructure Learning Platform. The roughly 40-person EesySoft team and its guided in-app support, analytics and reporting capabilities will be integrated to help institutions improve ROI and user engagement with Canvas and other edtech tools.