IBL News | New York
Higher Education technology provider Ellucian announced yesterday the completion of its acquisition of CampusLogic, a SaaS company that provides student financial aid solutions to 800 institutions reaching five million users.
The transactional deal was not disclosed. Goldman, Sachs & Co. was the financial advisor to CampusLogic. The purchase announcement was issued in January 2022.
Laura Ipsen, President and CEO at Ellucian, said that financial security is the most pressing need of today’s students. Also, Gregg Scoresby, Founder and CEO of CampusLogic, said that this issue “remains a national priority.”
“When I started CampusLogic almost 11 years ago, I wanted to build a software company that would transform the student financial experience in higher education,” he explained.
Ellucian recently launched its Experience Platform, which integrates ERP/SIS and CRM solutions.
CampusLogic’s solution suite includes StudentForms, Scholarship Universe, CampusCommunicator, RaiseMe Enrollment, ClearCost, VirtualAdvisor, and SponsoredScholar.