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Singapore's GIC buys stake in anti-plagiarism software maker
Parvez Jabri
03 Jun, 2014
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![](https://i.brecorder.com/images/2014/06/computer3.jpg">SINGAPORE: Singapore sovereign wealth fund GIC and a US-based private equity firm will acquire anti-plagiarism software maker iParadigms for $752 million, the firms said Tuesday. </P><P>Oakland, California-based iParadigms makes the cloud-based software Turnitin, which is used by universities around the world to review submitted works for plagiarism and accurate citations. </P><P>In a joint statement, GIC and New York-based Insight Venture Partners said the deal to acquire iParadigms will likely close in the third quarter of 2014, but did not give a breakdown of the investment. </P><P>Investment firm Warburg Pincus is currently the majority owner of iParadigms. </P><P>)