Release Date: November 14,2019
Metisentry Acquires ScholarVets
Metisentry, LLC has officially announced the acquisition of ScholarVets as of November 1st.
ScholarVets is based in Silver Spring, Maryland, and works to connect military veterans with academic partner schools more efficiently. Through the use of their patent-pending web platform and mobile application, ScholarVets is arming veterans with a powerful communication channel. This, in turn, is increasing veteran graduation rates post-military service.
“Our vision has always been one where our platform would help 100% of military-connected students graduate and obtain meaningful employment post-military service,” said John Lunardi, President of ScholarVets. “This acquisition will not only further our original vision but because of Metisentry’s strong ties to the military via MilitaryHire.com and Willco Technologies, will take ScholarVets to new heights.”
The acquisition of ScholarVets is happening on the heels of Metisentry’s recent acquisition of MilitaryHire (militaryhire.com), which works to connect veterans with employers seeking their unique skills.
According to Metisentry CEO, Marling Engle,
“We see ScholarVets as a fantastic complement to our other military-related portfolio companies. These organizations are working to connect and help veterans realize their goals post-military service directly. We’re very proud and excited to be a part of that process for them.”
The acquisition was finalized on November 1st, and the ScholarVets staff will remain on and grow. Metisentry will be acquiring the business through an investment from SaaS Factory, the related portfolio company.
The acquisition was recently featured in Crain's Cleveland Business. To read the article, click the link below.