Meazure Learning, a leading full-service provider of test development and delivery solutions for higher education and professional testing, announced today it has acquired Examity, a leader in online proctoring for educators, certifying bodies, employers, and other assessment providers, from Great Hill Partners. Meazure Learning is a portfolio company of middle-market private equity firm Gryphon Investors. Great Hill will retain a minority position in Meazure moving forward, joining Gryphon, Eastside Partners, and members of the management team as stakeholders in the combined entity. Financial terms of the transaction were not disclosed.

Founded in 2013, Examity partners with hundreds of institutions and certification programs worldwide to provide cost-effective and flexible online proctoring and learning validation solutions. The acquisition of Examity positions Meazure Learning for continued growth by increasing its online proctoring capacity, improving security, and generally providing more flexibility for customers.

Jon Cheek, Head of Gryphon’s Software Group, said, “Covid-19 accelerated the massive transformation of e-learning and remote testing, and online proctoring has quickly become a multi-billion-dollar industry as well as a vital tool for educational testing and certification programs used by a wide variety of professions. We are excited to unlock new growth opportunities with the combination of Meazure and Examity, offering customers a secure, convenient, and accessible test-taking experience.”

Meazure Learning offers a full suite of assessment products and services to its academic and professional testing customers. This includes not only online proctoring, but also in-person testing and proctoring capabilities as well as proprietary exam development services and delivery software. With a network of over 1,300 trained proctors, Meazure Learning serves more than 1,000 clients, including major universities, certification and licensure associations, standardized testing services, and corporations.

“We are focused on providing an exceptional customer experience, and this combination gives us the scale and flexibility to meet any client need,” commented Tim McClinton, CEO of Meazure Learning. “We believe our combined ability to innovate new product offerings and address new markets will not only benefit our customers and partners but will also result in greater opportunities for our employees.”

About Meazure Learning
Meazure Learning provides secure, reliable, and convenient test development, administration, and delivery solutions for academic and professional credentialing programs. The tech-enabled services company combines human expertise with end-to-end software solutions to provide its suite of services and achieve the optimal testing experience. With remote, test center, hybrid, and event-based delivery capabilities, it adapts to the unique needs of each exam program and test-taker. Meazure Learning empowers its clients, test-takers, and industry leaders through its mission to move people forward in their educational, professional, and personal lives. To learn more, visit Meazure Learning at meazurelearning.com.

About Examity
Examity was founded to meet the needs of colleges, employers, and certification providers looking to ensure integrity. Since its founding 10 years ago, Examity has partnered with hundreds of institutions and certification programs worldwide to provide a cost-effective and flexible online proctoring and learning validation solution. For more information, visit Examity.com.

About Gryphon Investors
Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitably growing and competitively enhancing companies in partnership with management. As of December 31, 2022, the firm has over $8.9 billion of assets under management. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with founders, owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise.

About Great Hill Partners
Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, digital commerce, financial technology, healthcare, and digital infrastructure sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 95 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. For more information, including a list of all Great Hill investments, visit www.greathillpartners.com.

Gryphon Investors (“Gryphon”), a leading middle-market private equity firm, announced today that it has acquired Rootstock Software (“Rootstock” or “the company”), a leading provider of cloud-based Enterprise Resource Planning (“ERP”) software to manufacturing, distribution, and supply chain organizations, which are increasingly seeking cloud-native, purpose-built ERP solutions to streamline business operations. Both Salesforce Ventures and the company’s management team re-invested in the deal alongside Gryphon. Terms of the deal were not disclosed.

Rootstock provides a market-leading, composable cloud ERP solution built on the Salesforce Platform. The company’s software helps manufacturers, distributors, and other organizations run their everyday business operations by linking customers, suppliers, and employers to critical data across their organizations at any time and from anywhere. Rootstock has embedded deep industry knowledge and business logic into the design of the platform, which combines cutting-edge, enterprise-grade technology infrastructure, integrated analytics, advanced reporting, and AI / ML capabilities. Headquartered in San Ramon, CA, Rootstock serves a blue-chip client base across North American and international markets.

Jon Cheek, Deal Partner and Head of Gryphon’s Software Group, said, “Global supply chain challenges over the last two years have highlighted the need for manufacturers and distributors to modernize the technology that controls their core business operations and processes. Rootstock’s ERP platform provides best-in-class cloud software that improves the connectivity between companies and their customers, suppliers, and employees. We’re pleased to partner with Salesforce and the Rootstock management team to address the strong and increasing market demand for the company’s solutions.”

“We are excited by the relationship that Rootstock has built with Salesforce to enable a modern, flexible product that drives efficiency for all organizations but that is uniquely differentiated by the symbiotic value it provides to users of the Salesforce ecosystem,” said Sandy McKinnon, Principal of Gryphon’s Software Group. 

Rootstock’s management team will be led by David Stephans, who as part of the transaction has been named CEO of the company following his nine year tenure as an executive with Rootstock, while founder Pat Garrehy will join Rootstock’s Board of Directors alongside several industry veterans and operating advisors.

“Gryphon’s deep experience growing businesses organically and through acquisitions, particularly in the software sector, will position Rootstock to take advantage of robust opportunities both in the U.S. and internationally,” said Mr. Stephans. “We look forward to working closely with the Gryphon team as we continue to innovate and build upon our success.”

Added Mr. Garrehy, “I am pleased to have found such an exciting home for the company I have built over the past fifteen years, and I am looking forward to the tremendous opportunity ahead for Rootstock in partnership with Gryphon to accelerate growth, deepen our Cloud ERP products, and better serve our customers.”

Lightning Partners served as financial advisor and Reed Smith served as legal advisor to Rootstock in this transaction. William Blair served as financial advisor and Gibson Dunn served as legal advisor to Gryphon in this transaction.

About Rootstock
Rootstock Software’s Cloud ERP solutions help manufacturers, distributors, and supply chain organizations digitally transform their operations. Built on the Salesforce Platform, Rootstock provides customers the benefits of an enterprise cloud environment and an ERP system that is intuitive, flexible, and digitally connected. The company offers training, product knowledge, and support to help customers configure Rootstock Cloud ERP to meet their needs. This comprehensive offering empowers clients to deliver a superior customer experience, streamline and scale their operations, and out-service the competition. For more information, visit www.rootstock.com.

About Gryphon Investors
Based in San Francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $9 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise.

About Salesforce Ventures
Salesforce Ventures helps enterprising founders build companies that reinvent the way the world works. Since 2009, we’ve invested in and partnered with more than 400 of the world’s most tenacious enterprise software companies from seed to IPO, including Airtable, Databricks, DocuSign, Guild Education, Hopin, monday.com, nCino, Snowflake, Snyk, Stripe, Tanium, and Zoom. Salesforce Ventures leverages our decades of expertise in the cloud and our long-term relationships with key decision-makers at thousands of businesses around the world to give our portfolio companies an unfair advantage, help them build credibility, and accelerate growth. Salesforce Ventures has invested in more than 25 countries with offices all over the world including in San Francisco, Irvine, New York, London, Tokyo, and Sydney. Follow @SalesforceVC and learn more at www.salesforceventures.com.

Meazure Learning, the premier provider of high-stakes online testing services for the higher education and professional testing markets, announced today the acquisition of Scantron Corporation’s Certification and Licensure business. The acquisition includes the Certification and Licensure business’s test center network, related assessment software, exam development, psychometric, and client services and solutions expert teams. The acquisition positions Meazure Learning for continued growth by augmenting its best-in-class remote proctoring with a scaled, global test center network and expanded exam development services, broadening its offering for the professional certification and licensure testing market.

Meazure Learning saw increased demand for its market-leading online proctoring platform when the COVID-19 pandemic forced test centers to close. Today, program owners want to provide test-takers the choice of taking exams securely in remote environments or in a traditional test center. A multi-modal delivery solution provides convenience and flexibility for test-takers to sit for an exam when and where they choose. Meazure Learning is meeting this growing market demand by increasing its existing network of 300 test centers in Canada to over 1,600 test sites globally with the addition of Scantron’s Certification and Licensure test center network.

In addition to expanding its secure delivery solutions, the acquisition will also strengthen Meazure Learning’s exam development and psychometric services. The exam development and psychometric team will double in size and more importantly, the combined expertise of the two organizations will give clients access to additional capacity, thought leadership, research, and innovative best practices.

“The acquisition of Scantron’s Certification and Licensure business aligns with Meazure Learning’s purpose of helping move people forward in their educational and professional pursuits.” said Tim McClinton, CEO of Meazure Learning. “The combination of our best-in-class remote proctoring platform and newly expanded global test center network provides our customers and partners with the flexibility, reach, and innovative technology to deliver an exceptional candidate experience and superior outcomes for test-takers.”  

About Meazure Learning  
Meazure Learning – created from the merger between ProctorU and Yardstick – provides secure, reliable, and convenient test development and administration solutions for academic and professional credentialing programs. As the most experienced online proctoring provider and a leader in innovative psychometric practices, we believe testing requires a balanced partnership between human-first services and advanced technology. We empower our partners, test-takers, and industry through our purpose to move people forward in their educational, professional, and personal lives. To learn more, visit us at www.MeazureLearning.com.

About Scantron Certification and Licensure  
Scantron’s Certification and Licensure business includes assessment development, psychometric, and client services from a deeply experienced and tenured team, state-of-the-art, proprietary assessment technology, and a global test center network. Built on more than 30 years of experience and leadership in the science of psychometrics, professional test development, and internet-based test delivery, the companies’ combined offerings will provide an enhanced set of products and services while continuing to provide the expertise clients have come to rely on. The Scantron Certification and Licensure business has a location in Morrisville, North Carolina. The additional assets of Scantron are not part of the acquisition and will continue to operate under the Scantron brand.

Meazure Learning, the leading provider of online test development and delivery solutions for higher-education and professional testing organizations, today announced Tim McClinton as its new Chief Executive Officer.

Meazure Learning is the newly established brand combining ProctorU, the largest provider of identity verification and online proctoring services, and Yardstick Assessment Strategies, a leader in exam development, delivery, and psychometric services. Meazure Learning is a portfolio company of Gryphon Investors, a leading middle-market private equity firm based in San Francisco.

McClinton brings over 20 years of EdTech and educational venture leadership experience in driving growth across a broad portfolio of services and markets. McClinton will lead Meazure Learning’s continued expansion into the professional credentialing and higher-education markets through new and innovative assessment services backed by advanced technology and security.

“Tim’s proven success in leading businesses that provide advanced technology, assessments, and related services to help people move forward in their lives is a perfect fit with our mission,” says Meazure Learning board chair Steve Hoffman. “He brings a strong track record of building human-centered technology solutions to help individuals reach their educational and professional goals.”

Most recently, McClinton served as President at Ascend Learning, leading its Safety and Security business across several brands to provide assessment and training solutions for safety and security professionals. At Ascend, McClinton led the digital transformation of the Safety & Security segment and accelerated expansion into new high-growth markets like cybersecurity and EHS software. Prior to Ascend, McClinton served as President and Managing Director at ACAMS and General Manager at Becker Professional Education, two Adtalam Global Education companies.

“We are thrilled to have Tim joining the Meazure Learning team,” adds Carl Theobald, Operating Partner to Gryphon Investor’s software group. “We continue to see strong market demand for online assessment and exam integrity services, and Tim is the perfect person to lead us through the next stage of our growth.”

McClinton holds a BA from DePaul University, an MBA from the University of Notre Dame – Mendoza College of Business, and several professional designations.

About Meazure Learning
Meazure Learning – created from the merger between ProctorU and Yardstick – provides secure, reliable, and convenient test development and administration solutions for academic and professional credentialing programs. As the most experienced online proctoring provider and a leader in innovative psychometric practices, we believe testing requires a balanced partnership between human-first services and advanced technology. We empower our partners, test-takers, and industry through our mission to move people forward in their educational, professional, and personal lives. To learn more, visit us at www.meazurelearning.com.

About Gryphon Investors
Based in San Francisco, Gryphon Investors (www.gryphoninvestors.com) is a leading private equity firm focused on profitably growing and competitively enhancing middle-market companies in partnership with experienced management. The firm has managed over $8.3 billion of equity investments and capital since 1997. Gryphon targets making equity investments of $50 million to $300 million in portfolio companies with enterprise values ranging from approximately $100 million to $600 million. Gryphon prioritizes investment opportunities where it can form strong partnerships with owners and executives to build leading companies, utilizing Gryphon’s capital, specialized professional resources, and operational expertise.