PSG Strengthens EdTech Landscape with New Investments

PSG Strengthens EdTech Landscape with New Investments

In a move highlighting its commitment to educational technology, PSG, a prominent growth equity firm, has announced strategic growth investments in two important software companies aiming to enhance educational environments. The companies involved are Verity IQ, known for its customer relationship management (CRM) and student information system (SIS), and Campus Ivy, which specializes in financial aid solutions. PSG’s investments are carefully designed to expand the features and functionalities of both platforms while enhancing their integration capabilities.

Understanding Verity IQ and Campus Ivy

Verity IQ and Campus Ivy were founded by education professionals who understood the challenges due to the lack of modern tools available for educational institutions. Their shared mission is to enrich the educational experience for students and institutions alike. Verity IQ offers a comprehensive solution that manages every aspect of the student lifecycle effectively. With its tools like Verity Dialog CRM and Verity Student SIS, higher education institutions can significantly improve their operations.

Transforming Student Lifecycle Management with Verity IQ

Verity IQ stands out with its robust CRM system that supports multi-channel approaches for student recruitment and retention. It simplifies the admissions process through paperless workflows and electronic signatures. Moreover, its SIS features include tracking attendance, academic performance, and managing student accounts, making it an invaluable asset for any educational institution. With digital payment processing integrated into their systems, Verity IQ ensures a seamless experience from enrollment to graduation and beyond.

Campus Ivy’s Innovative Financial Aid Solutions

On the other hand, Campus Ivy is reshaping financial aid administration, focusing significantly on student experiences. Their service offerings are designed to bolster financial aid efficiency and ensure compliance. Institutions benefit from a range of services, including cloud-based software that provides students with easy access to their financial information, along with professional outsourcing services that cover everything from processing to compliance audits. This enhances the operational capabilities of institutions and optimizes financial aid management.

The Vision Behind PSG’s Investments

According to Marco Ferrari, Managing Director at PSG, the firm recognizes the transformative potential of innovative technologies in the education sector. PSG has closely observed trends such as the growing demand for vocational schools and community colleges, propelled by the rising costs of education and the scarcity of skilled workers. This strategic investment is meant to further empower Verity IQ and Campus Ivy to drive improvements in student engagement and institutional effectiveness.

Quotes from Founders Highlighting Their Vision

Founders of both companies expressed their enthusiasm about PSG's involvement. Cornelia Anderson, Co-Founder and CEO of Verity IQ, mentioned that their company emerged from witnessing the struggles institutions faced with outdated systems. “We built Verity IQ to address significant challenges like fragmented data and operational inefficiencies,” she said. This sentiment underscores the need for modern solutions in education.

Forward Momentum for Student-Centric Solutions

Cid Yousefi, Co-Founder and CEO of Campus Ivy, highlighted PSG's experience as a critical factor in their choice of partner. “Their history of investing in educational technology and commitment to innovation positions us well for future growth,” she stated. Both companies are now eager to enhance their existing products to better serve educational institutions and students across the nation.

PSG’s Broader Portfolio in Educational Technology

PSG’s portfolio includes various notable education technology companies, such as Aztec Software, DigitalEd, Lumaverse, Packback, Pathful, and SchoolStatus. Each of these companies reflects PSG’s dedication to transforming the educational landscape through strategic partnerships and innovative solutions. PSG's investments not only bolster these companies' capabilities but also contribute to a larger mission of enhancing educational outcomes overall.

About PSG

PSG is a dedicated growth equity firm that partners with software and technology-enabled services companies. With a considerable history of backing over 140 firms and facilitating more than 500 acquisitions, PSG is well-equipped to aid companies through periods of transformational growth. Their expertise is particularly significant in the education technology sector, which is evolving steadily. Founded in 2014, PSG has a global presence with offices located in major cities around the world including Boston and London.

About Verity IQ

Verity IQ is emerging as a frontrunner in the education technology domain, delivering innovative solutions that streamline the student life cycle. Their emphasis on communication, retention, and placement has positioned them uniquely in the market, allowing for a better student experience and streamlined services for educational institutions.

About Campus Ivy

Campus Ivy focuses on providing student-centered outsourced financial aid services and cloud-based automation for educational institutions. Their comprehensive solutions not only improve compliance and financial performance but also free up valuable resources for educational institutions, allowing them more time to focus on student success.

Frequently Asked Questions

What are the main companies PSG has invested in recently?

PSG has recently made strategic investments in Verity IQ and Campus Ivy, both innovative educational technology firms.

What does Verity IQ specialize in?

Verity IQ specializes in customer relationship management and student information systems designed to enhance the educational experience and streamline management processes.

How does Campus Ivy support financial aid management?

Campus Ivy offers cloud-based solutions and outsourcing services to improve efficiency and compliance in financial aid management for educational institutions.

Why is PSG investing in education technology?

PSG recognizes the growing demand for innovative educational solutions and aims to enhance operational efficiency while improving student experiences across the sector.

What is the vision of Verity IQ’s founders?

Verity IQ’s founders aim to address the inefficiencies faced by educational institutions with modern technology and to enhance the overall student experience.

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