Blackboard to acquire Campus payments firm Higher One – To broaden company’s financial services offerings

Blackboard Inc. the world’s leading education technology company recently announced that Providence Equity Partners, parent company of Blackboard, is acquiring the higher education financial company Higher One for $260 million.

The acquisition will allow for collaboration between CASHNet, the market software leader in secure online payment of tuition and fees, and the Blackboard Transact business line.

Blackboard to acquire Campus payments firm Higher One - To broaden company's financial services offerings From last 30 years, CASHnet provides software that simplifies and automates electronic payments across campus. It enables parents and students to electronically pay tuition and fees and establish customized tuition payment plans.

“CASHNet is a natural complement to Blackboard’s broad portfolio of campus financial solutions,” said David Marr, Senior Vice President of Blackboard Transact. “As part of its mission, Blackboard is focused on supporting institutions in their efforts to enable fundamental access to education. Providing students and parents with a comprehensive set of tools that assist them in managing tuition payments is a critical piece of the access equation.”

Check out the full news announcement here.

Jaswinder Singh

Jaswinder Singh, passionate about using Moodle in improving the Indian Education System and reaching the students in far flung areas where still education seems to be a impossible prospect of life. He is the author of the popular Moodle Book "How to use Moodle 2.7". In October 2016, Jaswinder was elected as the Moodle User's Association Committee member - the first to make it from India.

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