Turnitin has entered into an agreement with Nordic private equity firm Procuritas to acquire Ouriginal, a company formed from the union of Urkund and PlagScan, established experts in plagiarism detection.
Ouriginal’s customer base located in the Nordic region and Germany complements Turnitin’s presence in other parts of Europe and around the world. This intended acquisition expands Turnitin and Ouriginal’s geographic reach, allowing more customers around the world to access products that help them ensure the integrity of education.
Ouriginal’s services combine text-matching with writing-style analysis to promote academic integrity and help prevent plagiarism. Its solutions can be used through learning management systems or as stand-alone products to foster fairness and spark creativity among students.
The transaction is subject to regulatory approvals and customary closing conditions.
With more than three decades of knowledge and expertise, Ouriginal is the company that delivers cutting-edge technology in the field of text-matching and plagiarism prevention. Their software helps enhance the potential of students to think originally, saves time for teachers when evaluating assignments, and assists businesses in preserving their reputation.
Procuritas Capital Investors VI (“PCI VI”) is a private equity fund focusing on mid-sized companies in the Nordic region. PCI VI launched in 2017, with 318 MEUR in committed capital. With a passion for business, extensive experience, and more than thirty years’ track record covering a large variety of transactions, Procuritas has supported more than 40 companies with the aim to accelerate their growth and realize their true business potential.