Destiny Solutions Receives Investment from The Riverside Company

DestinySolutions-Shaul-Kuper
Shaul Kuper , Founder & CEO

Client Description

The company

Destiny Solutions is a leading provider of a modern, mission critical, ERP SaaS solution made specifically for higher education administrators serving the New Traditional Student.

The software

The Company serves a rapidly growing segment within the higher education market, as New Traditional Students now become the focus of traditional degree granting institutions. Destiny is trusted by a diverse and blue chip customer base of higher education institutions across the U.S. and Canada.

Headquarters

Toronto, Canada

Investor Description

The company

The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses.

Headquarters

New York City, NY & Cleveland, OH

PRESS RELEASE OVERVIEW

SEG Client, Destiny Solutions, Receives Investment from The Riverside Company

Software Equity Group (SEG) announces its client, Destiny Solutions, a leading provider of a modern, mission critical, ERP SaaS solution made specifically for higher education administrators serving the New Traditional Student, received an investment from private equity firm, The Riverside Company. The Company serves a rapidly growing segment within the higher education market, as New Traditional Students now become the focus of traditional degree granting institutions. SEG served as the exclusive advisor to Destiny Solutions.

Destiny’s suite of software offers tremendous value to dozens of internationally known institutions. It helps increase enrollment and reduce administrative costs by providing operational and financial insight and delivering a superior experience for end-users. The combination of quality and efficacy has led to strong growth and incredible customer loyalty.

“Destiny Solutions serves a large and growing market across North America,” said Riverside Managing Partner Loren Schlachet. “The market is demanding a way to efficiently manage this large and growing student population, and a market-leading solution like Destiny’s has extensive growth avenues.”

Destiny Founder and CEO Shaul Kuper is looking forward to partnering with Riverside.

“We are excited to bring on Riverside as a growth investor in Destiny,” said Kuper. “Access to more capital from a long-term oriented investor like Riverside will enable us to continue building upon our market-leading product suite and expand our support and services teams as our customer base grows.”

Riverside will work with Destiny to help it build on its excellent product suite by investing in additional product functionality, adding sales and marketing resources, developing new product modules and services, and expanding internationally.

“Destiny Solutions has an outstanding product that enables its higher education customers to operate more efficiently, serve and engage with their students better and grow more quickly,” said Riverside Partner Joe Manning.

Building on its extensive experience in both its Education and Training and Software and IT specializations, Riverside will also pursue add-on acquisitions to expand the product suite and add new capabilities.

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