Instructure Holdings, Inc. (Instructure) (NYSE: INST), the leading learning platform and maker of Canvas, has announced it has signed a definitive agreement to acquire Parchment. With this transaction, Instructure will add the world's largest academic credentialing platform and network to the Instructure Learning Platform. This acquisition is expected to significantly expand Instructure's existing customer base and unlock exciting new growth opportunities.
Latham & Watkins LLP advises Brentwood Associates portfolio company Parchment in the transaction with a team led by Austin partner Samer Zabaneh, with associates Jase Burner, Katherine Medler, Manu Vadlamudi, and Carol Bale. Advice was also provided on tax matters by Houston partner Jim Cole, with associate Christine Mainguy; on executive compensation and benefits matters by Chicago partner Benjamin Rosemergy and Los Angeles partner Larry Seymour, with associate Jina Davidovich; on intellectual property and data privacy by Austin associate Andrew Abokhair; on finance matters by New York associates Alex Harris and Michael Wright; on antitrust matters by San Francisco partner Joshua Holian and Washington D.C. counsel Patrick English, with associate Charlotte Yeung; on data privacy matters by Houston counsel Robert Brown, with associate Priyanka Krishnamurthy.