NEW HAVEN, Conn.
Aug. 7, 2012
/PRNewswire/ -- Higher One (
) announced today that it will expand the company's offering to include data analytics and assessment software for higher education enterprises through acquiring substantially all of the assets of Campus Labs (
). Campus Labs is the leading comprehensive assessment platform for higher education that combines data collection, reporting, and analytics to help promote student and institutional success.
"Campus Labs' market leading assessment platform expands our service offering to yet another vital component of campus operations," explained
, Higher One CEO. "Campus Labs' services, like our OneDisburse® and CASHNet® suites, help the campus operate more efficiently in an era when many colleges and universities are faced with a challenging budgetary climate. Higher One is excited to be more comprehensively involved with our campus partners to better serve their students."
Both Higher One and Campus Labs were founded by students who identified opportunities for institutions to provide tools that enhance the student experience through increasing institutional efficiencies. With Higher One, campuses nationwide have realized over
300 million dollars
in cost savings through efficiencies in the way institutions and students manage critical processes. Through Campus Labs, campuses are better able to unlock institutional data in an effort to make more informed decisions about the unique challenges facing higher education today.
Higher One is a leading provider of payment processing and refund disbursement services in higher education serving more than 830 campuses across the country, while Campus Labs has become the leading platform and service provider for assessment in higher education serving more than 650 campuses in both
the United States
"Higher One continues to be focused on the needs of the colleges and universities we serve," stated
Higher One President
. "Stakeholders are increasingly demanding information to show the strong value and impact of higher education. Now, we are better prepared to assist our campus partners in gathering and providing this information, whether it is used for efforts related to institutional efficiency, accreditation, retention, or persistence. We will continue to look for ways to leverage the various modules under the Higher One umbrella to solve new problems like understanding and predicting student success."
As a result of this acquisition, Higher One adds assessment management, strategic planning, accreditation, course evaluations, student engagement management, benchmarking, and at-risk student identification services to its expanding portfolio of products.