Vector Solutions, a provider of software for training, risk management, safety and prevention, has acquired Everfi’s higher education business for $100 million.
Founded in 2008, Everfi is an ed tech company providing compliance and prevention strategies for more than 1,000 US post-secondary institutions. Its Campus Prevention Network training catalogue includes more than 50 titles for college and university students, faculty and staff on alcohol and substance abuse prevention, sexual assault prevention, diversity, equity, inclusion, mental health and wellbeing.
Vector Solutions’ chief executive Marc Scheipe said: “Both Vector Solutions and Everfi have a long history of serving the higher education market and share a commitment to bring high-quality training programmes proven to help make institutions of higher education safer, smarter and better. The addition of Everfi’s higher education business to the Vector family solidifies that commitment to institutional students, faculty, and staff by expanding the products and capabilities available to them so that they can prevent incidents, make campuses more inclusive, and safeguard lives.”
Everfi’s founder and chief executive Tom Davidson added: “The impact of the combined business means that we can ensure even more campus communities are healthy and safe. Together, we establish the definitive higher education market leader, delivering best-in-class data-driven digital programmes for students, faculty, and staff nationwide.”
Vector Solutions is based in Tampa, Florida; Everfi is based in Washington DC.
Date published: 21 July 2021