CampusLogic: Ellucian acquires CampusLogic amid flurry of edtech market activity

The higher education tech firm Ellucian is acquiring the financial aid software company CampusLogic, the companies announced on Tuesday. CampusLogic is Ellucian's first acquisition since Blackstone and Vista Equity Partners took ownership last year, and only the second in the company's history. CampusLogic's software-as-a-service products for modernizing financial aid - including scholarship search, virtual financial advising and emergency fundraising - will help the companies reach under-resourced colleges and universities and serve students in debt, Ellucian Chief Executive Officer Laura Ipsen said in a news release. CampusLogic serves nearly 800 higher education customers, and Ellucian serves more than 2,700. CampusLogic CEO Gregg Scoresby will join Ellucian to lead "vision and strategy focused on student success and well-being," according to the release. Ellucian's last acquisition was in 2014 when it bought the student management and systems provider CampusIT. Blackstone and Vista Equity Partners did not disclose how much Ellucian sold for in [...]