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Warburg Pincus seeks buyer for software firm iParadigms: sources

11
Mar
2014

By Soyoung Kim NEW YORK (Reuters) – Private equity firm Warburg Pincus is looking to sell education software maker iParadigms and has tapped Evercore Partners Inc to assist with the effort, people familiar with the matter said on Monday. IParadigms, based in Oakland, California, makes Web-based solutions for plagiarism prevention and claims more than 1 million educators use its products to check students’ papers for originality and online grading. Representatives for Warburg Pincus declined to comment, while iParadigms and Evercore did not immediately respond to requests for comment. Warburg Pincus made a controlling investment in the firm in 2008 for an undisclosed amount.

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