Modern Campus, a modern learner engagement platform, has acquired Digarc, a provider of academic catalog and curriculum management, class and student scheduling and student pathfinder software for higher education. Digarc is backed by Serent Capital. As part of the transaction, Serent is investing in Modern Campus, joining majority shareholder The Riverside Co.
Digarc’s connected curriculum platform establishes a single source for curriculum data across the campus, with services covering catalog management, curriculum design, student registration, section scheduling, and student pathways.
“This is a perfect next step in Digarc’s evolution and our ‘Connected Curriculum’ strategy. Since its founding, Digarc has supported student recruitment and retention by engaging students via a powerful, connected, integrated curriculum,” said Richard Becker, CEO at Digarc. “Together with Modern Campus, we’ll be able to deepen relationships with our higher education partners and extend our ability to improve user experience, establish a single source of truth across campuses and support student recruitment and retention.”
“The Digarc team has built an exceptional company delivering significant value to its higher education school customers, and we’re delighted to have been part of their journey so far,” said David Kennedy, partner at Serent Capital. “We are equally excited to partner with the Modern Campus team over the coming years as they continue to build an industry-leading company and look forward to supporting their growth.”
“There’s never been a more exciting time in higher education,” said Brian Kibby, CEO of Modern Campus. “The modern learner is a savvy consumer and their expectations of higher education institutions have changed. They expect a highly personalized, Netflix-like experience. They’re primarily focused on maximizing the return on one of the most important and largest investments they’ll make – their post-secondary education. For colleges and universities experiencing decreased enrollment, they need every advantage available to attract, engage, and graduate the modern learner on time. The combination of DIGARC and Modern Campus helps deliver this, combining a highly personalized web experience with world-class catalog navigation.”
Modern Campus is Serent’s ninth investment in the education market.
Macquarie Capital advised Serent Capital on the transaction.