Birmingham-area-based online test security firm ProctorU is announcing a merger with a Canadian company.
ProctorU and Yardstick Assessment Strategies, a psychometric and computer-based exam administration firm for professional testing organizations, are merging to form Meazure Learning.
Terms of the deal were not disclosed. At the same time, Meazure Learning has raised more than $30 million in growth capital led by Eastside Partners, which will allow investments in technology and services. ProctorU
ProctorU, which oversaw more than 1 million online tests last year, has seen cheaters get more creative and ambitious over the last decade.
The deal creates a company expected to grow rapidly in the next five to ten years in the $3 billion testing and credentialing market, its leaders say.
Scott McFarland as been appointed CEO of Meazure Learning and will continue to serve as CEO of ProctorU.
“ProctorU and Yardstick have already proven themselves as leaders in their respective markets, and now, by integrating both companies’ unique offerings and strengths together, we’re poised to truly transform those markets,” McFarland said.