Sallie Mae Acquires Key Assets of Scholarship App Scholly
July 26, 2023
Sallie Mae (SLM) has acquired several key assets of scholarship search app Scholly, including its scholarship search app, scholarship administration technology, Scholly Offers platform, certain technology, intellectual property, and staff. Sallie Mae will make Scholly free for students and families and intends to integrate the technology to expand its education solutions and improve access to scholarships; terms were not disclosed.
- Buyers
- Sallie Mae
- Targets
- Scholly Inc.
- Sellers
- Scholly Inc.
- Industry
- Education
- Location
- California, United States
- Transaction Type
- Divestiture
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