Embanet Merges with Compass Knowledge

Embanet Corp., which is backed by Technology Crossover Ventures, is merging with Compass Knowledge Group. Financial terms weren't disclosed. Embanet, of Toronto, provides online learning services to postsecondary educational institutions. Orlando, Fla.-based Compass also offers online learning support services including market research, program marketing, student recruitment as well as instructional design and technology. Technology Crossover Ventures provides growth capital to tech companies. Berkery Noyes, an investment bank, provided financial advice to Compass.

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