Instructure Inc., a Salt Lake City software-as-a-service technology company, has acquired San Diego-based education software company Portfolium. Terms of the deal were not disclosed.
Instructure markets its learning software such as Canvas and Bridge to both educational institutions and corporations for employee development. Its customers include over 4,000 schools and companies worldwide. It was founded in 2008 and employs about 1,200. Portfolium, founded in 2014, has developed student success platforms that it has marketed to 4,600 students and over 40,000 educators at 3,600 institutions. Its ePortfolio programs are used to highlight student achievement.
“Working with Portfolium advances our mission since it enables us to help people move from the classroom to the workplace,” said Dan Goldsmith, CEO of Instructure. “Portfolium has been a great partner of ours. With their team, and by adding their student success capabilities built on the leading learner network, we will together provide more value to both current and new customers.”
“We created Portfolium to connect learning with opportunity by enabling students to recognize, showcase and articulate the skills and competencies they acquire along their academic journeys,” said Adam Markowitz, founder and CEO of Portfolium. “We’ve been a proud Instructure partner for years, and are excited to expand on our vision to support lifelong learning and development as part of the Instructure family.”