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Higher One Agrees to Sell Campus Labs

Higher One Holdings (NYSE: ONE), a provider of payment, refund disbursement and data analytics and management tools to colleges and universities, has agreed to sell its Campus Labs data analytics business to Leeds Equity Partners for $91 million. The purchase price is subject to certain closing adjustments including adjustments for working capital. Higher One acquired Campus Labs in 2012 and has since grown its revenue at approximately a 21 percent compounded annual growth rate.

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