Transaction consists of injection of progress capital to speed up platform growth and drive market management in Medical and Allied Well being Sciences Training
KINGSTON, ON, CANADA, July 11, 2023/EINPresswire.com/ — Elentra Corp in the present day introduced that it has been acquired by Achieve Partners, a number one social affect funding agency targeted on digital transformation within the Medical and Allied Well being Sciences Training market. Constructed by universities for universities, Elentra gives a completely built-in digital platform offering an end-to-end resolution that manages all points of curriculum supply and evaluation necessities to help the schooling and growth of subsequent technology healthcare leaders.
With over 40 of the world’s main medical and well being sciences instructional establishments already utilizing the Elentra platform, Achieve believes the corporate is ideally positioned to guide the market because it consolidates. As a part of the transaction, Achieve will contribute progress capital to scale the corporate and speed up growth of the Elentra platform.
“Medical and allied well being are two of the areas of our financial system the place now we have the best scarcity for educated professionals in the present day. Medical schooling has distinctive wants that aren’t met by generic schooling software program platforms,” mentioned Achieve Partners’ Managing Director Troy Williams. “Elentra is exclusive in that it was initially developed by a medical faculty for its personal wants after which expanded along side a consortium of extra medical colleges. We’re excited to put money into additional increasing the capabilities of the Elentra platform to satisfy a broader set of medical and allied well being establishments’ wants.”
The corporate will proceed to function as Elentra below the management of CEO Greg Vanclief.
“Elentra’s acquisition by Achieve Partners is a pure subsequent step to scale, increase and place our firm to satisfy rising market demand. It is usually a direct reflection of the belief our prospects put in us on daily basis to assist them educate and develop the subsequent technology of healthcare leaders,” mentioned Greg Vanclief, CEO of Elentra. “That vital mission is on the coronary heart of our firm’s DNA and with this new industrial basis in place we’re ideally positioned with the funding and capability wanted to additional develop our platform, to reinforce customer support and help, and to not solely thrive however to drive the business.”
The acquisition was unanimously accepted by Elentra’s Board of Administrators, and the corporate’s founding tutorial accomplice and key shareholder Queen’s College.
“From the outset, Elentra’s mission was to construct a grassroots digital platform that meets the wants of medical colleges and well being professions applications. With this transaction, we’re excited to see Elentra increase and speed up that mission additional,” mentioned Jane Philpott, Dean, Queen’s Well being Sciences. “For Queen’s College, as a founding accomplice and a shareholder, in the present day’s announcement is a second to have fun the corporate’s early success as we create a brand new and totally industrial basis to make Elentra the market normal for instructional establishments all over the place.”
With a differentiated resolution that’s distinctive available in the market, Elentra offers prospects with a single supply of fact all through the learner’s journey and simplified consumer expertise.
Tyton Partners served as monetary advisor, Kelly Santini LLP acted as authorized advisor, and KPMG acted as tax advisor to Elentra. McGuireWoods LLP and Stikeman Elliot LLP acted as Authorized Advisors, and Crowe acted as tax advisor to Achieve.
Monetary phrases of the transaction weren’t disclosed.
About Elentra
Constructed by colleges, for colleges, Elentra empowers well being sciences colleges to ship the best high quality schooling to their college students with confidence. With its modern expertise and complete options, Elentra offers a strong platform for managing curriculum, assessments, scheduling, and extra. By streamlining administrative processes and enhancing collaboration, Elentra allows educators to give attention to what issues most – fostering an distinctive studying expertise. To study extra about Elentra, please go to www.elentra.com
About Achieve Partners
Achieve Partners is engineering the way forward for studying and incomes by investing in cutting-edge applied sciences and novel enterprise fashions to bolster ability growth and safe the way forward for work for hundreds of thousands of Individuals. By harnessing digital transformation, Achieve helps lecturers, directors, and colleges enhance pupil studying and outcomes. To study extra about Achieve Partners, please go to www.achievepartners.com
About Queen’s College
Queen’s College has a protracted historical past of scholarship, discovery, and innovation that shapes their collective data and helps deal with a few of the world’s most urgent considerations. House to greater than 25,000 college students, Queen’s gives a complete research-intensive surroundings. Numerous views and a wealth of expertise enrich their college students and college whereas a core a part of our mission is to interact in worldwide studying and analysis. To study extra about Queen’s College, please go to www.queensu.ca
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