How does the PAR acquisition fit into Hobsons’ overall strategy?
Hobsons is about helping students succeed, connecting what they are learning in school to what they aspire to do in life. We help students advance at every stage in their education by enabling K-12 schools and higher education institutions to engage with students in college and career readiness, best-fit postsecondary admissions, and college persistence and completion. The addition of PAR strengthens our leadership position in leveraging meaningful data and encouraging best practices to help students achieve their goals.
PAR and Hobsons share a commitment to student success at scale: globally, across many institutions, and for massive numbers of students. Joining forces allows Hobsons to scale PAR’s successful approach to help more students succeed, faster.
No other analytics provider allows college and university systems to use solid data and insights to drive policy and resource decisions so they can accelerate what’s working to help students succeed. PAR member institutions have been asking PAR and Hobsons to integrate PAR insights with Hobsons’ Starfish and Radius products for years. We have begun to respond to these requests and our joint customers are already seeing great results.
How will Hobsons incorporate PAR into its product offerings?
Leveraging the additional technology and expertise of the PAR team, we will work to enhance our college readiness, admissions, and student success platforms to help millions of students make better decisions about which academic pathways to follow and to improve institutions’ understanding of which students need support and which interventions work best.
What will the impact be to existing PAR employees
The PAR staff will join Hobsons but will remain based in Chapel Hill, N.C., or their current locations. PAR will operate as a new division within Hobsons and PAR CEO Beth Davis will continue to lead the team.
How many schools does Hobsons currently serve?
Hobsons partners with more than 12,000 K-12 and higher education institutions, serving more than 13 million students in more than 100 countries around the world.
What were the terms of the transaction?
As part of the DMGT portfolio of companies, Hobsons does not disclose financial information publicly. For more information about DMGT, please visit the DMGT Investor Relations site.