An affiliate of private equity investment firm HIG Capital (HIG) has acquired 100 per cent of Symplicity Corporation.
Headquartered in Arlington, Vitgina, Symplicity sells SaaS-based solutions to over 1,200 colleges and graduate school programs that help manage all aspects of a student’s life on campus, including career services, academics, behavioural intervention, and student conduct. In addition, more than 400,000 active employers utilise the Company’s on-campus recruiting software to leverage the largest Higher Education job network in the US and recruit students and alumni for entry-level jobs. In 2015, five million students submitted more than 13 million job applications through the Company’s unmatched employment ecosystem.
“We believe Symplicity represents an ideal opportunity to invest in the clear market-leading career services software provider at a time when schools are increasingly concerned with student retention, job placement, and the ability for graduates to pay student loans,” says Keval Patel, Managing Director at HIG Capital. “We plan to utilize our scale, network, and technology expertise to significantly enhance the Company’s growth profile both organically and through acquisitions, creating a truly global, data-driven, employability and student services platform.”
“HIG is committed to investing in our business and helping us build on our world-class suite of student lifecycle solutions,” says Bill Gerety, Symplicity’s President and CEO. “We are very excited about the future of the Company and feel our customers, employees, partners, and trusted advisors will benefit greatly from a reinvigorated focus on product development and investments aimed at creating industry-leading user experiences and innovative, cutting-edge solutions to meet the evolving needs of our clients.”