Digarc (www.digarc.com), founded in 2001, provides software for hosting academic online course catalogs and curriculum management solutions through two primary offerings: Acalog and Curriculog. Acalog is a highly configurable, interactive online course catalog for use by registrars and administrators. The platform enables centralized real-time updating, integrates with student information systems, and enables schools to better engage current and prospective students with feature-rich catalogs. Curriculog is a centralized workflow platform that allows faculty and administrators to collaborate on the curriculum design, change, and approval process. Acalog and Curriculog are integrated and highly complementary, both offering substantial value to clients by replacing manual processes that are paper-based, time-intensive, and error-prone. Digarc serves over 450 higher education institutions nationwide.
Founded in 2008, Serent Capital (www.serentcapital.com) is a well-regarded private equity firm focused on investing in high growth service and technology businesses. Serent has significant experience in ed tech and has an operating model that is distinct in its focus on business building. Serent provides substantial operational and strategic support to its portfolio companies on the most critical issues that they face as their companies grow and scale. By bringing its expertise and capital to bear, Serent helps growing businesses thrive.
Digital Architecture, Inc. (Lakeland, FL) announced that it has been recapitalized by Serent Capital, a San Francisco-based private equity firm. Digarc is the leading provider of cloud-based software that enables higher education institutions to more efficiently manage their online course catalog and streamline their curriculum design process. This transaction is the successful culmination of an initiative led by Bigelow LLC to first proactively seek out, and then select the next majority investor to prepare for increasing market needs, and accomplish the personal and professional goals of the Digarc owners.
“ We are so incredibly grateful to be taking this monumental step by partnering with Serent. We are serving triple the number of colleges and universities we did five years ago. Serent’s experience in the education sector and their business-building resources will enable us to continue our accelerating growth momentum, further invest in our products, improve the student educational experience and deliver even greater value to our college and university clients in the coming years.” Ken Blais, Founder Digarc
Digarc’s senior management team will lead the future growth of the Company and the current owners have reinvested alongside Serent and will remain as board members.
“We have been highly impressed by the business that the Digarc team has built. Digarc’s marquee client base, exceptional customer loyalty, and market share leadership are testaments to the value that Acalog and Curriculog offer to higher education institutions. We are excited to work closely with the Digarc team to build upon the Company’s already strong momentum.” David Kennedy, Partner Serent Capital
Chet Jordan, CEO of Digarc, commented, “Serent is an extremely successful firm with professionals that have great depth of experience working with software and education companies. Their operating partnership approach stood out in a crowded field of potential investors; their resources and support will be invaluable as we continue to grow.”
has been recapitalized by
San Francisco, California
The undersigned acted as M+A advisor to Digital Architecture, Inc.