Modern Campus, a leading learner-to-earner platform for higher education, received a majority growth investment from Providence Equity Partners, a private equity firm focused on growth investments in media, communications, education, and technology across North America and Europe.
Modern Campus offers software solutions to help higher education institutions improve the student experience from first click to career credential. The platform includes a Content Management System (CMS) for personalized web experiences, catalog and curriculum management tools, engagement and communication tools, and a Student Information System for Lifelong Learning and workforce readiness.
Modern Campus has also appointed Craig Chanoff as CEO, effective August 25. Chanoff, an experienced education technology executive, will lead product innovation, customer success, and strategic growth. He succeeds Peter DeVries, who previously held key roles in shaping Modern Campus’s lifelong learning strategy.
KEY QUOTES:
“We believe Modern Campus is a true innovator at the forefront of higher education technology and a compelling business well-aligned with Providence’s deep sector expertise in education and vertical software. We are excited to partner with Modern Campus to fuel the Company’s next phase of growth by investing in new product development and supporting strategic acquisitions that can further strengthen the Company’s platform and the value it brings to higher education institutions and learners.”
David Phillips, Senior Managing Director at Providence
“Providence’s investment is a strong vote of confidence in our mission and market leadership. I’m honored to lead Modern Campus into this exciting new phase, working alongside our exceptional team and Providence to help higher education institutions deliver the modern student experience from a prospective learner’s very first click to the moment they achieve a career-defining credential.”
Craig Chanoff, CEO of Modern Campus
“Craig brings exceptional leadership and experience in scaling innovative SaaS EdTech businesses. We believe his deep expertise, vision and passion for learner success make him the ideal leader for Modern Campus as the Company builds on its strong foundation and drives the next wave of growth and impact for higher education institutions around the world.”
William Hughes, Managing Director at Providence
