Conde Nast owner Advance Publications is buying Turnitin, a provider of education tech for academic integrity and writing solutions, from an investment entity affiliated with Insight Venture Partners, GIC and their co-investors, according to a Turnitin news release.
Through machine learning, computer vision, and advanced artificial intelligence, Turnitin’s products check for plagiarism in writing and code assignments, provide real-time feedback for students, and automate grading for teachers across multiple disciplines.
Turnitin’s products are used by over 34 million students in over 15,000 K-12 and higher education institutions in 153 countries, the company says.
“We admire Chris Caren and his team, and Turnitin’s outstanding track record of enhancing integrity in written work at schools, universities, and publishers worldwide through cutting-edge technology,” said Steve Newhouse, co-president of Advance.
The deal is expected to close in the second quarter of this year. Terms of the transaction were not disclosed, but The Wall Street Journal reported that Advance agreed to buy the company for nearly $1.75 billion, citing people with access to the information.