QuickWire: ConnectEDU Sells CoursEval to Venture-Capital Firm

A Maine-based venture-capital firm is buying Academic Management Systems and its CoursEval software line from the bankrupt education-technology company ConnectEDU, according to a news release from the North Atlantic Capital Corporation, the purchaser. Brian Hopewell, vice president of Academic Management Systems, said the change would “allow us to bring more resources to bear on innovation and growth.” The release said that CoursEval is in use at more than 300 institutions for evaluating both courses and instructors.

ConnectEDU, a 12-year-old company that had several product lines, sought bankruptcy protection in late April. The sale of Academic Management Systems will need court approval before it can take effect.