Datamark Acquires Assets of Altius, Creator of Ivy Bridge
Not long ago, Altius Education was a darling of the higher ed innovation world, having teamed up with the nonprofit Tiffin University to create Ivy Bridge College, which was held out as a potential model for public-private partnerships to drive college access and completion. Then Tiffin's accreditor intervened, questioning whether the privately held Altius held inappropriate control over key academic functions at Ivy Bridge that should have been in Tiffin's domain, and calling for the partnership to be shuttered.
On Thursday, Altius's ambitions not only of turning Ivy Bridge into a freestanding institution but also of creating other such partnerships appeared to have formally ended, with an announcement by Datamark that it was purchasing Altius's various technology platforms and taking on several dozen of its employees. Datamark, which provides enrollment marketing and other services to colleges and universities, said it would buy Altius's competency-based learning platform, known as Helix, as well as other technologies and invest $11 million in expanding the company's reach.