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Turnitin marks up deal with ExamSoft
Posted on Thursday, 22 October 2020 11:01
Turnitin has acquired software-based examination assessment platform ExamSoft Worldwide from Spectrum Equity.
Financial terms were not disclosed.
The transaction will expand the buyer’s portfolio of academic integrity and assessment products to include a platform which serves education, certification and licensure programmes.
Headquartered in Texas, ExamSoft’s software helps organisations to streamline procedures, improve learning outcomes and prevent and detect plagiarism.
Its platform enables users to create and grade tests faster and more easily, generate reports on student performance and provide detailed feedback for pupils.
The combined entity will offer institutions greater flexibility when delivering evaluations at all educational and professional levels.
Furthermore, the transaction will allow customers to choose from a range of tools and services that best suit their assessment needs.
Chris Caren, chief executive of Turnitin, said: “ExamSoft’s robust testing platform meaningfully complements and grows our existing assessment offerings.
“Together, we form an even stronger company that meets the ever-changing needs of the educational and professional organisations we serve.”
ExamSoft’s chief executive, Sebastian Vos, noted: “We look forward to working with the Turnitin team to continue to advance integrity solutions across all levels and modalities of education to improve learning outcomes.”
Launched in 1997, the buyer provides a range of products and services that help educational organisations to prevent plagiarism, deliver student feedback and investigate academic misconduct.
Based in California, Turnitin serves over 1,500 institutions globally and operates offices across the UK, Australia, the Netherlands and India, among other locations.
According to Zephyr, the M&A database published by Bureau van Dijk, there have been 3,519 deals targeting software publishers announced worldwide since the start of 2020.
In the largest of these, Microsoft agreed to acquire US-based ZeniMax Media for USD 7.50 billion.
Other companies targeted in this sector so far this include Epicor Software, Compuware and Engineering Ingegneria Informatica.
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