Novak Biddle and New Enterprise Associates have sold Starfish to Hobsons, a portfolio company of Daily Mail & General Trust
Client: Novak Biddle Venture Partners and New Enterprise Associates
Client Location: United States
Target: Starfish Retention Solutions, Inc.
Target Location: United States
Acquirer: Hobsons, Inc. (Daily Mail & General Trust)
Acquirer Location: United Kingdom
Target Description: Starfish Retention Solutions is an operator of software platform that provides advising systems for higher education institutions.
Our Perspective
“Student success and retention have been a growing focus for colleges as chief information officers (CIOs) of institutions face increasing competition in enrollment, transfer / drop-out rates and student-service expectations,” said Clark Spurrier, Managing Director at Lincoln. “Starfish’s enterprise success platform helps higher education institutions scale advising-centric business processes for students, and we expect the combination with Hobsons to create the technology leader in managing the entire student lifecycle.”
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