M&A Deal Summary

Instructure Acquires Parchment

On October 30, 2023, Instructure acquired internet software and services company Parchment for 835M USD

Acquisition Highlights
  • This is Instructure’s 6th transaction in the Internet Software and Services sector.
  • This is Instructure’s largest (disclosed) transaction.
  • This is Instructure’s 6th transaction in the United States.
  • This is Instructure’s 1st transaction in Arizona.

M&A Deal Summary
Date 2023-10-30
Target Parchment
Sector Internet Software and Services
Buyer(s) Instructure
Deal Type Add-on Acquisition
Deal Value 835M USD
Advisor(s) Macquarie Capital
Robert W. Baird & Co., Inc. (Financial)
Latham & Watkins (Legal)

Target

Parchment

Scottsdale, Arizona, United States
Parchment operates a software-as-a-service platform for schools, colleges, universities, education agencies, and individuals to request, process, and deliver transcripts and other education credentials in the United States and internationally. Parchment was founded in 2002 and is based in Scottsdale, Arizona.

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Buyer(S) 1

Buyer

Instructure

Salt Lake City, Utah, United States
Category Company
Founded 2008
Sector Internet Software and Services
Employees1,413
Revenue 210M USD (2018)
DESCRIPTION

Instructure is a software-as-a-service (SaaS) technology company that makes software that makes people smarter. Instructure was founded in 2008 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 7 of 7
Sector (Internet Software and Services) 6 of 6
Type (Add-on Acquisition) 7 of 7
State (Arizona) 1 of 1
Country (United States) 6 of 6
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Elevate Data Sync

Salt Lake, Utah, United States

Elevate Data Sync provides cloud-based data integration and interoperability for education. Elevate Data Sync serves six state education agencies, over 2300 districts, 27,000 schools and universities, and more than 16 million students globally. Elevate Data Sync is based in Salt Lake, Utah.

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Mergr

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Company

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