Private Equity Firm Buys Turnitin Developer for $752M

iPARADIGMS: Oakland, CA-based iParadigms, which develops a suite of anti-plagiarism software, will be sold to private equity firm Insight Venture Partners and GIC (a Singaporean sovereign wealth fund) for $752 million, reports the Wall Street Journal. Founded in 2000, iParadigms' most recognizable product is Turnitin, used by over 24 million students and 1.6 million educators in over 100 countries (including all four major universities in Singapore). iParadigms had been owned by another private equity firm, Warburg Pincus, which bought a controlling stake in the company in 2008.

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