Friday, June 7, 2024
HomeEducationInstructure, maker of Canvas, to purchase credentialing platform Parchment

Instructure, maker of Canvas, to purchase credentialing platform Parchment


Parchment, a digital transcript and credential platform, can be acquired by Instructure, which makes the educational administration software program Canvas, for a projected $795 million, the businesses introduced this week.

Instructure’s information launch stated the acquisition would allow the mixed firm to “present a set of options that join learners, establishments, and employers throughout a learner’s journey—from the primary seek for a course or program to employment.”

Instructure is the most recent schooling know-how supplier positioning itself to be a lifelong studying firm, offering not simply schooling and coaching choices by way of its institutional prospects but in addition monitoring them into and thru employment.

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