M&A Deal Summary

Modern Campus Acquires Digarc

On June 10, 2021, Modern Campus acquired software company Digarc from Serent Capital

Acquisition Highlights
  • This is Modern Campus’ 1st transaction in the Software sector.
  • This is Modern Campus’ 3rd transaction in the United States.
  • This is Modern Campus’ 1st transaction in Florida.

M&A Deal Summary

Date 2021-06-10
Target Digarc
Sector Software
Buyer(s) Modern Campus
Sellers(s) Serent Capital
Deal Type Add-on Acquisition

Target

Digarc

Lakeland, Florida, United States
Digarc is a provider of cloud-based software that enables higher education institutions to more efficiently manage their online course catalog and streamline their curriculum design process. Digarc offers two primary software solutions to higher education institutions: Acalog and Curriculog. Acalog is a highly configurable, interactive online course catalog for use by registrars and administrators. Digarc was founded in 2001 and is based in Lakeland, Florida.

Search 214,876 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Modern Campus

Camarillo, California, United States

Category Company
Founded 1995
Sector Internet Software and Services
DESCRIPTION

Modern Campus is a student lifecycle management solution provider driving Omni CMS and Destiny One, which empowers higher education institutions to thrive when radical change is required to successfully respond to lower student enrollments and revenue, rising costs, crushing student debt, and even school closures. Modern Campus was founded in 1995 and is based in Camarillo, California.


DEAL STATS #
Overall 3 of 6
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
State: Florida M&A 1 of 2
Country: United States M&A 3 of 6
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 nuCloud

Simpsonville, South Carolina, United States

Founded in 2008, nuCloud provides a software-as-a-service (SaaS)-based application that enables higher education institutions to build rich, eye-catching interactive maps and virtual tours that make it easy for students to experience the campus of their choice in a unique way.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Presence

Saint Petersburg, Florida, United States

Presence is a student engagement and learning solution that powers universities to improve retention rates by tracking and learning about their students' involvement patterns and behaviors. Presence was founded in 2012 and is based in Saint Petersburg, Florida.

Buy -

Seller(S) 1

SELLER

Serent Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2008
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 16 of 31
Sector: Software M&A 3 of 13
Type: Add-on Acquisition M&A Deals 14 of 24
State: Florida M&A 1 of 2
Country: United States M&A 16 of 29
Year: 2021 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 Compeat

Austin, Texas, United States

Compeat offers comprehensive software available for restaurant operators to manage their inventory, workforce, and accounting with one integrated product. Compeat has helped thousands of restaurants across the US and Europe reduce their costs, increase control, and improve efficiency. Compeat was founded in 2000 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Real Green Systems

Walled Lake, Michigan, United States

Real Green Systems is a producer of Service Assistant software and marketing tool for service industry companies. Service Assistant is an app for lawn care, landscaping, pest control, HVAC, carpet and residential cleaning businesses and so many more service industry companies. Real Green Systems was founded in 1984 and is based in Walled Lake, Michigan.

Sell -