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Online ed startup Altius sells assets to Datamark after accreditation concerns

on October 11, 2013

Gigaom

Two months after shutting down an online degree program offered with a non-profit college because of accreditation issues, San Francisco-based startup Altius Education has sold its assets to Datamark, a Utah-based higher education marketing company.

Financial details of the deal were not disclosed but, in a statement on what was once Altius Education’s homepage, Datamark said it had acquired Altius’s technology assets, including Helix, the startup’s competency-based online learning platform, as well as its enrollment management and student retention platforms.

Launched in 2009, Altius raised just north of $26 million from investors including Maveron and Spark Capital. Its goal was to partner with traditional higher education institutions to create online degree programs that improved access and personalization.

Through a program launched with Tiffin University, a non-profit college in Ohio, Altius offered an online associate’s degree program that reportedly enrolled 2,000 in 2012.  But the initiative, called Ivy…

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