The Riverside Company, a private investor focused on the smaller end of the middle market, has invested in Augusoft, a leader in enrollment management for continuing and corporate education programs. The investment is an add-on to Riverside’s Modern Campus, a learner-engagement platform for higher education institutions. The acquisition extends the Modern Campus customer base to nearly 2,000 colleges and universities across North America and allows the company to advance and improve the delivery of continuing education while engaging modern learners for life.
With enrollment for traditional two- and four-year programs declining across most campuses, higher education institutions are investing in continuing, professional, and workforce education to fuel enrollment growth while delivering on their institutional mission to expand learning experiences, reach diverse populations, and create employment opportunities.
“Investing in Destiny Solutions, the creator of Destiny One, is how our relationship with Modern Campus began in 2018,” said Riverside Managing Partner Loren Schlachet.
With Augusoft and its flagship Lumens product, Modern Campus now offers the most robust set of capabilities including products, services and partnerships to serve the complete needs of non-traditional learners.
This transaction marks the fifth acquisition by Modern Campus in the past 12 months; the company acquired interactive campus map and virtual tour provider nuCloud in early 2021, followed by academic catalog and curriculum management provider DIGARC and student engagement and development leader Presence. Earlier this month, Modern Campus announced its acquisition of leading higher education text-messaging provider Signal Vine.
