Ellucian closes acquisition of CampusLogic

Reston-based higher education software company Ellucian Inc. has completed its acquisition of Chandler, Arizona-based financial aid software provider CampusLogic Inc, Ellucian announced Tuesday.

The deal was first announced in January. Financial details were not disclosed.

Campus Logic is a software-as-a-service (SaaS) company that provides financial aid tools and platforms for colleges and universities. It supports nearly 800 colleges and universities, according to a news release.

“Putting students first means solving for those that never get an opportunity to further their education whether for financial, social, health or other reasons. CampusLogic solutions will extend Ellucian’s capabilities to promote student wellbeing and focus on student financial success — the most pressing need of today’s higher ed students,” said Ellucian President and CEO Laura Ipsen in a statement. “I am thrilled to welcome CampusLogic to Ellucian. Together we will provide a more connected experience between institutions and students to improve the entire financial aid lifecycle.”  

Ellucian has 3,100 employees and was acquired by Blackstone and Vista Equity Partners for an undisclosed amount in September 2021. Now it is growing with the acquisition of CampusLogic.

“When I started CampusLogic almost 11 years ago, I wanted to build a software company that would transform the student financial experience in higher education,” said CampusLogic founder and CEO Gregg Scoresby in a statement. “Thanks to our incredible employees and customers, our products will remove financial friction for over 5 million students this year. But as part of Ellucian, we expect to double our impact in the coming years and ensure that student financial success remains a national priority.”

Founded in 1968, Ellucian provides enterprise resource planning software products such as student information systems, data analytics tools and graduation-tracking platforms for more than 2,700 higher education customers in more than 50 countries representing more than 26 million students.

CampusLogic’s platform tools include a net price calculator, scholarship management, personalized digital communications, simplified financial aid verification, personalized virtual advising, tuition and scholarship crowdfunding, and integrated data visualizations.

Macquarie Capital served as exclusive financial advisor to Ellucian. Goldman, Sachs & Co. LLC served as exclusive financial advisor to CampusLogic.