Gryphon Investors-Backed Meazure Learning Acquires Examity From Great Hill Partners

Sep 06, 2023•almost 2 years ago

Acquiring Company

Meazure Learning

Acquired Company

Examity

Health CareE LearningEducation

Description

Meazure Learning, a leading full-service provider of test development and delivery solutions for higher education and professional testing, announced today it has acquired Examity, a leader in online proctoring for educators, certifying bodies, employers, and other assessment providers, from Great Hill Partners. Meazure Learning is a portfolio company of middle-market private equity firm Gryphon Investors. Great Hill will retain a minority position in Meazure moving forward, joining Gryphon, Eastside Partners, and members of the management team as stakeholders in the combined entity. Financial terms of the transaction were not disclosed.

Company Information

Company

Meazure Learning

About

"The acquisition of Scantron's Certification and Licensure business aligns with Meazure Learning's purpose of helping move people forward in their educational and professional pursuits." said Tim McClinton, CEO of Meazure Learning. "The combination of our best-in-class remote proctoring platform and newly expanded global test center network provides our customers and partners with the flexibility, reach, and innovative technology to deliver an exceptional candidate experience and superior outcomes for test-takers." About Meazure Learning Meazure Learning – created from the merger between ProctorU and Yardstick – provides secure, reliable, and convenient test development and administration solutions for academic and professional credentialing programs. As the most experienced online proctoring provider and a leader in innovative psychometric practices, we believe testing requires a balanced partnership between human-first services and advanced technology. We empower our partners, test-takers, and industry through our purpose to move people forward in their educational, professional, and personal lives. To learn more, visit us at MeazureLearning.com. About Scantron Certification and Licensure Scantron's Certification and Licensure business includes assessment development, psychometric, and client services from a deeply experienced and tenured team, state-of-the-art, proprietary assessment technology, and a global test center network. Built on more than 30 years of experience and leadership in the science of psychometrics, professional test development, and internet-based test delivery, the companies' combined offerings will provide an enhanced set of products and services while continuing to provide the expertise clients have come to rely on. The Scantron Certification and Licensure business has a location in Morrisville, North Carolina. The additional assets of Scantron are not part of the acquisition and will continue to operate under the Scantron brand.SOURCE Meazure Learning

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed