Modern Hire Acquires Sonru; Riverside Sponsors the Add-on

HireVue Acquires Modern Hire

May 9, 2023

IT Services

HireVue, a provider of video interviewing, assessments, and text-enabled recruiting tools, announced it has acquired Modern Hire, an intelligent hiring platform. The acquisition is intended to broaden HireVue’s product suite for skills-based hiring and accelerate innovation using Modern Hire’s science-backed assessment capabilities.

Modern Campus Acquires Augusoft

January 20, 2022

Education

Modern Campus, backed by The Riverside Company, has acquired Augusoft, the Minneapolis-based provider of Lumens enrollment-management SaaS for continuing and corporate education programs. The add-on expands Modern Campus’s product set (Destiny One + Lumens), extends its reach across nearly 2,000 North American colleges and universities, and deepens its capabilities in continuing and workforce education.

Modern Campus Acquires Presence, Campus Engagement Platform

June 24, 2021

Education

Modern Campus, a PE-backed modern learner engagement platform, has acquired Presence, a campus engagement and learning platform for higher education institutions. The add-on—backed by The Riverside Company—expands Modern Campus's product suite and customer footprint, and founder Reuben Pressman joins Modern Campus's executive team.

Modern Campus Acquires DIGARC (add-on to Modern Campus platform)

June 10, 2021

Education

Modern Campus has acquired DIGARC, the provider of academic catalog, curriculum management, scheduling and student pathfinder software, in an add-on transaction to the Modern Campus platform. The Riverside Company remains the majority shareholder of Modern Campus while Serent Capital has made a minority investment in the combined company to support continued product integration and growth across higher education.

Riverside-backed GermanPersonnel Acquires Evint

September 8, 2020

Cloud & SaaS

The Riverside Company (via Riverside Europe) has invested in Germany-based Evint, a workforce management software provider, as an add-on to its GermanPersonnel (compleet) platform. The acquisition expands the platform’s end-to-end workforce management capabilities—building on a prior add-on (Compana)—to streamline collaboration between workforce service providers and end-customers.

The Riverside Company Merges OmniUpdate and Destiny Solutions

October 30, 2019

Education

The Riverside Company has merged OmniUpdate, a higher-education web content management provider, with Destiny Solutions, a student lifecycle management SaaS provider, to create a cloud-based, end-to-end student digital engagement platform. The combined company will be headquartered in Camarillo, California, led by Lance Merker (CEO) and Peter DeVries (President & COO), bringing together more than 150 employees and a combined customer base of 450+ institutions; Riverside plans to expand the product suite and pursue add-on acquisitions.