Private equity-backed education technology company Symplicity Corp has been acquired by Volaris Group, a private equity firm, according to PE Hub. Founded in 1997 and based in Arlington, Virginia, Symplicity specializes in higher education career services and student support solutions. The acquisition, backed by HIG, a prominent private equity firm, represents a significant move into the edtech sector for Volaris Group.

This deal highlights growing investor interest in companies providing digital solutions for universities and colleges. The specific financial terms of the transaction were not disclosed in the report. Volaris Group gains a provider of critical services used by institutions to manage student career development and alumni engagement. HIG's backing underscores its continued focus on the education sector. The acquisition positions Volaris to expand its portfolio within the higher education market, potentially offering integrated services to its existing portfolio companies. Symplicity Corp's established reputation and client base add immediate value to Volaris's strategic objectives.