Instructure Acquires Parchment for $835 Million
October 10, 2023
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.
- Buyers
- Instructure Holdings, Inc.
- Targets
- Parchment (PCS Holdings, LLC)
- Sellers
- Brentwood Associates, PCS Holdings, LLC
- Industry
- Education
- Location
- Arizona, United States
- Transaction Type
- Buyout
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