Turnitin developer iParadigms sold for $752 million

June 6, 2014

Turnitin developer iParadigms has been sold by Warburg Pincus to Insight Venture Partners and GIC for $752 million. Along with Turnitin, iParadigms makes a number of educational technology tools that are used at universities around the world to prevent plagiarism, verify content, and evaluate student learning. iParadigms says that its products are used by more than 10,000 institutions in 126 countries worldwide, receiving more than 100 million submissions each year. “This partnership will provide the resources and support to accelerate our product investment plans and expand our reach into international markets,” said Chris Caren, CEO of iParadigms. According to the Wall Street Journal, Insight Ventures Managing Director Deven Parekh believes they will be able to expand the iParadigm product line into the high-school market. Warburg Pincus News Release | The Street | Wall Street Journal