iParadigms sold for $752 million

(2 June 2014, Oakland, Calif./PRNewswire/) -iParadigms, creators of Turnitin, today announced the company has reached a definitive agreement to be acquired for US$752 million by Insight Venture Partners, a leading global private equity firm focused on high-growth investments in the technology sector, and GIC, Singapore’s sovereign wealth fund.

iParadigms is a leading provider of cloud-based educational technologies to prevent plagiarism, verify content, and evaluate student learning.  Its flagship product, Turnitin, is used by over 24 million students and 1.6 million educators at 10,000 institutions worldwide to improve student outcomes. iParadigms also delivers iThenticate, the leading content verification service for research, corporate and government markets.

Read the press release.