ISTS acquires ed program admin services company

Nashville-based company provides scholarship, grant, tuition assistance programs

International Scholarship and Tuition Services Inc., announced today it has acquired Scholarship & Recognition Programs for an undisclosed sum.

SRP is formerly a division of nonprofit Educational Testing Service, which develops, administers and scores more than 50 million tests annually. These include the TOEFL and TOEIC tests, the GRE tests and The Praxis Series assessments and are given in more than 180 countries at more than 9,000 locations worldwide. The SRP division provided program administration services to scholarship-granting organizations such as corporations, foundations and labor unions.

Founded in 1985, Nashville-based ISTS designs, develops and supports scholarship, grant and tuition assistance and reimbursement programs. ISTS administers more than 500 programs every year, assisting more than 600,000 students annually.

“SRP’s significant experience and capabilities strengthens our offerings and makes ISTS the premier full-service provider in nearly every aspect of program management,” Becky Sharpe (pictured), ISTS president and CEO, said in a release. “They also bring a substantial portfolio of clients to our company, significant intellectual property and a history of superior performance that is entirely consistent with the culture of excellence we maintain.”