Reston ed-tech company buys Arizona student financial aid company

Education technology company Ellucian, based in Reston, Virginia, is acquiring CampusLogic, based in Chandler, Arizona, for an undisclosed amount, the second big local education technology deal this month.

Education technology company Ellucian, based in Reston, Virginia, is acquiring CampusLogic, based in Chandler, Arizona, for an undisclosed amount, the second big local education technology deal this month.

The deal follows the $750 million acquisition of DC-based EverFi by Charleston, South Carolina-based software company Blackbaud announced last week.



CampusLogic’s acquisition by Ellucian gives it a company that makes financial aid software for higher education institutions.

CampusLogic’s software is used by nearly 800 schools to increase enrolment, retention and graduation rates. Its platforms include price calculators, scholarship management and simplified financial aid verification, as well as scholarship crowdfunding.

Ellucian, whose technology solutions are used by more than 2,700 institutions in 50 countries, includes tools for student recruitment, fundraising, alumni engagement and workforce analytics . The acquisition of CampusLogic expands Ellucian’s current financial aid technology solutions.

“Today’s higher education students face financial challenges at unprecedented levels, with more than 86% in the United States currently receiving financial aid. At the same time, institutions are facing an increase in the departure of financial aid staff, leaving them with more administrative work and less time to engage and respond to student needs,” said Laura Ipsen, CEO of Ellucian.

The acquisition is Ellucian’s first after it was acquired by Blackstone and Vista Equity Partners last fall.

Other edtech deals in the DC area in recent months include Lanham, Md.-based 2U Inc.’s $800 million acquisition last summer of edX, a provider of online courses launched by MIT and Harvard University, and the acquisition of Reston-based Blackboard by Boca. Anthology, a Raton, Fla.-based educational software company, for an undisclosed sum last fall.