Instructure Reaches Agreement to Acquire Student Success Network Portfolio

Portfolio was created to help everyone realize their full potential by connecting their learning to opportunity. The company helps institutions inspire, assess, and showcase student achievement through its powerful ePortfolio network, student-centered assessment, job-matching capabilities, and academic and extracurricular pathways.

“Working with Portfolium furthers our mission as it allows us to help people move from the classroom to the workplace,” said Dan Goldsmith, CEO of Instructure. “Portfolium has been a great partner for us. With their team and adding their student success capabilities built on top of the core learner network, together we will deliver more value to current and new customers.”

Portfolium was founded in 2014 and is located in San Diego. To date, Portfolium has helped millions of students from over 3,600 academic institutions, including australia Swinburne University, Virginia Techand Santa Clara Universityprove their skills and launch their careers while providing educators and employers with the tools they need to assess learning outcomes, create pathways and recruit talent.

“Canvas and Portfolio allow Santa Clara students to collect, reflect on, and showcase their accomplishments,” said Nancy Cutlerdeputy IT director for university technology, Santa Clara University. “We are excited to see a deeper partnership between Canvas and Portfolium that will help us achieve our student success goals.”

“We created Portfolium to connect learning with opportunity by enabling students to recognize, showcase and articulate the skills and competencies they acquire throughout their academic journey, said Adam Markowitz, Founder and CEO of Portfolio. “We have been a proud partner of Instructure for years and are excited to expand our vision to support lifelong learning and development within the Instructure family.”

The acquisition is expected to close within the next seven days and is subject to satisfaction of customary closing conditions, including Portfolio shareholder approval.

FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking” statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential acquisition of Portfolium by Instructure. These statements are based on management’s expectations as of the date of this press release and are subject to uncertainties, risks and changes in circumstances that are difficult to predict, such as Instructure’s ability to timely complete the acquisition of Portfolio and to successfully implement and achieve cost synergies. and otherwise incorporate the portfolio after closing, and other risks and uncertainties detailed in Instructure’s filings with the Securities and Exchange Commission, including, without limitation, its Form 10-K and other reports on Forms 8-K and 10-Q, all of which can be obtained from the SEC’s website at www.sec.gov. Instructure undertakes no obligation to publicly update or revise any forward-looking statements contained in this release, except as required by law.

ABOUT INSTRUCTION
Instructure, Inc. is the leading software-as-a-service (SaaS) technology company that helps people learn and grow, from their first day of school to their last day of work. Its software solutions include Canvas, the learning platform that simplifies teaching and enhances learning, and Bridge, the employee development and engagement solution for people-centric companies. To date, Instructure has connected millions of educators and learners at over 4,000 educational institutions and businesses around the world. Learn more about Canvas for higher education and K–12 and Bridge for business at www.Instructure.com.

ABOUT THE WALLET
Portfolium is a comprehensive student success platform serving over 4.6 million students and over 40,000 educators from over 3,600 colleges, universities, and high schools. Over 200 partner institutions use Portfolium to deploy robust ePortfolio networks while managing and aligning learning outcomes assessment, digital badges, guided pathways and career readiness programs. Learn more: https://portfolium.com/

CONTACTS:
Keaton Godfrey
Director, Investor Relations
Structure
(866) 574-3127
[email protected]

Becky Frost
Senior Director, Corporate Communications
Structure
801-869-5017
[email protected]

Hunting Hansen
Marketing Director
Wallet
[email protected]

SOURCE Structure

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