CollegeNET, a software solutions provider for higher education, announced it has secured a majority investment from Rubicon Technology Partners, a private equity firm specializing in middle-market enterprise software investments. And this partnership will help accelerate CollegeNET’s growth and drive continued product innovation across its core offerings. Plus, founder Jim Wolfston will continue to lead the business and remain a significant shareholder. The terms of the investment were not disclosed.
Originally founded in 1977, CollegeNET empowers higher education institutions to streamline administrative operations and enhance student success. As a pioneer in web technology development, CollegeNET offers AI-based solutions in scheduling, space management optimization, admissions, and next-generation virtual classrooms to improve student outcomes.
The company’s Series25 solution incorporates patented software, providing an all-in-one, marketing-leading solution for academic class, meeting, and conference room scheduling. It seamlessly integrates all major student information systems. Used by over 500 colleges and universities worldwide, CollegeNET remains at the forefront of innovation, continually elevating the student experience and institutional efficiency.
KEY QUOTES:
“Artificial Intelligence isn’t just a vast knowledge engine, it stages a challenge to the long-standing premise of our educational system. For centuries, what has counted for education is its capacity to inculcate degrees of knowledge. But what counts more in this accelerating world of change is facilitating the capacity to pivot, the willingness to replace the things we think we know, and to learn while observing the consequences of our choices on the lives of others. CollegeNET’s innovations are focused on providing the spaces and tools for optimizing such development. Rubicon understands the importance of pursuing and backing this kind of discipline.”
– Jim Wolfston, Founder of CollegeNET
“CollegeNET is an innovative software business with a strong portfolio of market-leading products that we are proud to invest behind. Under Jim’s leadership, CollegeNET has created a product suite that provides higher education institutions tools to improve efficiency and student outcomes. We’re excited to partner with CollegeNET as their first significant institutional equity partner during an exciting growth period and help management accelerate growth in the business.”
– Alex Kleiner, Partner at Rubicon
