Huron, which offers services in life sciences, law, finance and healthcare as well as education, will participate on the board of directors at Shorelight Holdings. Other terms of the agreement have not been disclosed.
“We are excited about the synergistic prospects given that Shorelight’s primary market focus has significant overlap with Huron’s existing client base”
Huron chief executive and president James H Roth said in a statement the investment “enables Huron to provide strategic synergies to our higher education clients as they face economic and competitive pressure to manage costs and enhance the quality of academic offerings”.
“We are excited about the synergistic prospects given that Shorelight’s primary market focus has significant overlap with Huron’s existing client base.”
Shorelight Education launched in January of last year and announced partnerships with three universities– University of Central Florida, Fordham University in New York and Bath Spa University– to provide start-up funding to establish Academic Accelerator Programmes.
The pathways combine English courses, culture transition and freshman level courses allowing them to enrol with second year status upon completion.
Tom Dretler, chief executive officer and co-founder of Shorelight Education, said, the partnership “will benefit all major stakeholders on campus and create new university resources that can be used to drive innovation”.
“There is nobody better than Huron to help advise universities on where best to invest those new assets to make a real difference for students and the broader university community.”
Founded in 2002, Huron has worked more than 350 universities and research institutions.