Toronto, ON -- October 2, 2014. iParadigms, a leading provider of cloud-based educational technologies to prevent plagiarism, verify content, and evaluate student learning, today announced that Georgian Partners, a growth equity firm investing in expansion-stage software companies, has taken an equity position in the company. Georgian Partners joins existing investors Insight Venture Partners, GIC, Norwest Venture Partners and Lead Edge Capital.
"Georgian Partners' investment expertise in growth and expansion stage enterprise software, Big Data and analytics, make the firm a great partner for iParadigms," said Chris Caren, CEO of iParadigms.
iParadigms is among the most widely distributed educational technologies in the world, with products serving more than 10,000 institutions in 126 countries and processing over 80 million submissions annually. The company's product portfolio consists of Turnitin, a cloud-based service for originality checking, online grading and peer review used by more than one million instructors and 20 million students worldwide; iThenticate, a professional plagiarism detection and prevention technology used by scholarly publishers and research institutions worldwide; WriteCheck, an online plagiarism checker that also provides a grammar checking tool and tutor service helping students become better writers; and Turnitin for Admissions, a plagiarism detection service used by over 100 academic institutions that verifies the originality of admissions materials.
"iParadigms has a strong leadership position in the educational software sector and we are thrilled to have them join our portfolio," said Justin LaFayette, managing partner and co-founder at Georgian Partners. "Their depth of analytic capability is unmatched and we're excited about what is still to come in terms of opportunities to further leverage Applied Analytics."
iParadigms was founded by graduate student researchers at UC Berkeley who created software to monitor the recycling of papers in their large undergraduate classes. Encouraged by the interest from peers, a team of instructors, mathematicians, and computer scientists joined together to create the world's leading cloud-based plagiarism detection and online grading service. Today, iParadigms' product offerings include Turnitin for instructors, iThenticate for research professionals, WriteCheck for students and Turnitin for Admissions professionals. iParadigms' headquarters is in Oakland, Calif., with an international office in Newcastle, U.K.
About Georgian Partners
Georgian Partners is a growth equity firm investing in expansion stage Enterprise Software, Internet and Information companies that are exploiting Applied Analytics: the convergence of Cloud-based business solutions, Big Data, and broad Information Rights. Founded by successful entrepreneurs and technology executives, Georgian Partners leverages its global software expertise to be able to directly impact the success of companies. For more information, visit www.georgianpartners.com.