04/16/2024 | Press release | Distributed by Public on 04/16/2024 09:47
Technology and services
Sector | Technology and services |
Sub-sector | Education |
Location | United States |
Through its comprehensive and integrated platform, Parchment helps learners, academic institutions and employers request, verify and receive transcripts, diplomas and other credentials.
Macquarie Capital successfully positioned Parchment's previous acquisition of Quottly into the sale process, driving significant investor interest and expanding the marketed total addressable market (TAM) to prospective buyers.
In February 2024, Instructure, a leading learning ecosystem and creator of Canvas, completed its acquisition of Parchment, representing the company's largest acquisition to date.1
Raghu Velamati
Senior Managing Director
Macquarie Capital
Outcome
Through Parchment's dynamic credentialing platform, Instructure will be able to serve learners throughout their lifelong education journeys by providing verifiable, comprehensive digital passports of academic achievement for learners.
cumulative credentials
customers
1. As of 31 March 2024)
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