(Photo by Flickr user Asian Development Bank, used under a Creative Commons license)
Hobsons, the global edtech company with a key Arlington location, announced on Tuesday that it has acquired the Predictive Analytics Reporting (PAR) Framework — a collaborative that helps higher-ed institutions use data to improve student retention.
Financial terms of the deal were not disclosed.
Founded in 2011, the PAR network currently has over two dozen member institutions. PAR offers tools and services to its members that “inventory and measure the impact of their student success interventions, benchmark their institutions’ academic success in comparison to peer institutions, and predict which students are going to be at-risk.”
The acquisition will allow Hobsons to leverage PAR’s expertise for their own network which, according to Hobsons, consists of over 12,000 K-12 and higher education institutions.
Ensuring student success is a key part of Hobsons’ mission. In fact, PAR is not Hobsons first acquisition in the area of student retention solutions — in February 2015 Hobsons acquired D.C.-based edtech startup Starfish Retention Solutions.-30-