Procuritas sells Ouriginal following rapid growth
Procuritas Capital Investors VI (“Procuritas”), the private equity investor focused on investing in and growing Nordic mid-market companies, today announced that it has sold Ouriginal Group AB (“Ouriginal”) to Turnitin, LLC (“Turnitin”), a global leader in academic integrity and education software.
Ouriginal, previously named Urkund, is a market leader in the Nordics and the DACH region for plagiarism prevention and detection software, mainly used by educational institutions. Since Procuritas first invested in 2018, Ouriginal has nearly tripled in size, driven by strong organic growth, a successful acquisition of PlagScan, and the internal expansion of the sales and marketing capabilities.
Ouriginal management worked closely with Procuritas to develop a strong platform for growth by implementing institutional-grade management structures, processes, and support systems.
Johan Conradsson, Partner at Procuritas, commented, “Ouriginal has done a fantastic job building a talented team to support this period of rapid growth, while also maintaining its focus on quality and user-friendliness. Ouriginal has built a first-class platform that greatly benefits educational institutions in their digital transformation.”
Daniel Schuss, Partner at Procuritas, added, “Turnitin, with their extensive experience and demonstrated commitment to academic integrity and digital learning tools, will be a great new partner for Ouriginal. We are incredibly proud of the Ouriginal team and to have been part of their success story. We are convinced that, together with Turnitin, they will create the next generation of authenticity services and wish them the best of luck.”
Andreas Ohlson, CEO of Ouriginal, commented, “Procuritas has been an amazing partner to work with during our accelerated growth journey. With their support and systematic approach to business opportunities, we have been able to substantially grow the business and create a strong platform for the future. We are incredibly grateful to Procuritas for their time, investment, and efforts, and we look forward to starting a new chapter of growth, serving even more educators and students, with Turnitin.”