Viking Venture, the business to business software as a service investor (B2B SaaS), has acquired 20% of Keystone Academic Solutions. Keystone is a fast growing leader in international student recruitment serving universities and colleges globally.
Keystone Academic Solutions is at the forefront of higher education marketing, recruitment, and student enrollment. The company has been a reliable solutions specialist to its partner institutions since 2002.
Keystone Academic Solutions recorded a revenue of NOK 107 million in 2017 and is growing at a rate of 30% year on year. The company has its headquarters in Oslo, Norway and employees people from 23 nationalities. The company serves more than 2000 customers globally, with a particular stronghold among American universities and colleges. Last year more than 55 million potential students was handled through the Keystone Academic Solutions platform.
– We are impressed by the team and the results they have created, and are happy to become an investor in the company, says Erik Hagen, managing partner in Viking Venture and newly elected board member of Keystone Academic Solutions.
The company is lead by Mr. Linus Murphy and is trading under several specialized brands with Masterstudies.com as the most important. Viking Venture is joining the board which is chairmed by Mr. Thorstein Berg on behalf of Bjørk Invest.
Keystone Academic Solutions is a Viking Venture 15 investment. Masterstudies AS is the legal name of the company.