M&A Deal Summary

Ellucian Acquires CampusLogic

On January 11, 2022, Ellucian acquired internet software and services company CampusLogic from JMI Equity and Dragoneer Investment Group

Acquisition Highlights
  • This is Ellucian’s 1st transaction in the Internet Software and Services sector.
  • This is Ellucian’s 2nd transaction in the United States.
  • This is Ellucian’s 1st transaction in Arizona.

M&A Deal Summary
Date 2022-01-11
Target CampusLogic
Sector Internet Software and Services
Buyer(s) Ellucian
Sellers(s) JMI Equity
Dragoneer Investment Group
Deal Type Add-on Acquisition
Advisor(s) Goldman Sachs (Financial)

Target

CampusLogic

Chandler, Arizona, United States
CampusLogic delivers SaaS technology that helps colleges and universities remove barriers in the financial aid process. The company currently helps nearly 800 schools increase enrollment, retention, and graduation rates with the most comprehensive platform of Student Financial Success products. CampusLogic was formed in 2011 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

Ellucian

Reston, Virginia, United States
Category Company
Founded 1968
Sector Education
DESCRIPTION

Ellucian is a higher education technology solutions provider. Ellucian’s products help colleges and universities manage their core administrative functions including enrollment, budget and financial planning, student information, human resources, strategic planning, and fundraising. Ellucian was founded in 1968 and is based in Reston, Virginia.

DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Arizona) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-23 Datatel

Fairfax, Virginia, United States

Datatel has focused exclusively on helping colleges and universities manage their business processes. Datatel today provides fully integrated enterprise information management software solutions to more than 600 colleges, universities and other higher education institutions serving almost 4 million students

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-05 Tribal Group

Bristol, United Kingdom

Tribal Group is a provider of IT-based products and services to the international education, training and learning markets. Tribal Group was founded in 1999 and is based in Bristol, England.

Buy £172M

Seller(S) 2

SELLER

JMI Equity

La Jolla, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 7.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

JMI Equity is a private equity firm focused on investments in software, internet, business service, and healthcare IT. Targeted businesses typically help automate and optimize business and information technology processes. The Firm will consider investments at all stages of development, including early-stage companies, self-funded businesses requiring growth capital, and later stage businesses in need of buyout or recapitalization funding. JMI looks to commit at least $10 million per transaction. JMI Equity was formed in 1992 and maintains offices in San Diego and Baltimore.

DEAL STATS #
Overall 102 of 106
Sector (Internet Software and Services) 21 of 22
Type (Add-on Acquisition) 65 of 67
State (Arizona) 2 of 2
Country (United States) 91 of 94
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-06 ServiceTrade

Durham, North Carolina, United States

ServiceTrade makes software as a service application for commercial service contractors. Contractors use ServiceTrade’s mobile and web applications to streamline service operations, sell more services, and engage customers online to earn revenue growth averaging over 23% year-over-year. ServiceTrade was founded in 2012 and is based in Durham, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Jvion

Johns Creek, Georgia, United States

Jvion is a developer of Cognitive Clinical Success Machine — a unique approach to improving patient care that uses artificial intelligence to turn healthcare data into prescriptive clinical intelligence, reducing patient-level clinical variation, and improving intervention effectiveness. Jvion was founded in 2011 and is based in Johns Creek, Georgia.

Sell -
SELLER

Dragoneer Investment Group

Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

Dragoneer Investment Group is a growth-oriented investor in public and private companies throughout the US. Dragoneer Investment Group was established in 2012 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Arizona) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-24 Clearwater Analytics

Boise, Idaho, United States

Clearwater Analytics provides web-based, investment portfolio reporting and analytics for institutional investors, investment managers, custody banks, and electronic trading portals. Clearwater’s daily-aggregated and reconciled solutions deliver the highest level of portfolio transparency available on the market today for clients such as Cisco Systems, Oracle Corporation, Starbucks Corporation and Yahoo!. Clearwater Analytics was founded in 2004 and is based in Boise, Idaho.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-24 Entrata

Lehi, Utah, United States

Entrata provides property management software with a single-login, open-access platform as a service (PaaS) system. Offering a wide variety of online tools including websites, mobile apps, payments, lease signing, accounting, and resident management. Entrata was founded in 2003 and is based in Lehi, Utah.

Buy -
Mergr

Product

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