Ellucian Buys CampusLogic Financial Student SaaS Company
IBL News | New York
Ellucian, provider of SIS and ERP for higher ed institutions, announced the acquisition of CampusLogic, a SaaS EdTech company specialized in student financial solutions, with 800 customers. The transaction amount was not disclosed.
Currently, 86% of higher education students receive financial aid.
“Integrating CampusLogic’s capabilities across Ellucian’s comprehensive SaaS offerings creates new opportunities for innovation beyond student financial success to address the issue of student well-being,” said Laura Ipsen, CEO, Ellucian.
“Our solutions improve the student financial aid experience, addressing the number one barrier to enrollment and graduation,” said Gregg Scoresby, Founder and CEO of CampusLogic.
Gregg Scoresby will join Ellucian “in a new role to lead the vision and strategy focused on student success and well-being,” according to the acquirer.
Reston, Virginia-based Ellucian claims it has 2,700 customers in over 50 countries.
Big news to start 2022! Ellucian has signed an agreement to acquire @CampusLogic, a leading edtech software provider. CampusLogic’s powerful financial aid solutions will expand our offerings to address the biggest barrier to graduation today. https://t.co/nCLAkQYjDj
— Ellucian Inc. (@EllucianInc) January 11, 2022