PRZOOM - /newswire/ -
Rochester, NY, United States, 2011/04/26 - Rapidly-growing operational performance support provider closes growth equity financing round with leading technology investment firm; new capital will drive sales, marketing and product expansion - LearningGuide.us.
Edison Ventures announced $6 million investment in LearningGuide Solutions, based in Bethesda, MD and Den Bosch, Netherlands. Edison is the sole institutional investor in this corporate education software and services company. Proceeds will expand development, sales and marketing plus provide shareholder liquidity.
LearningGuide’s unique software and content provides end users with immediate performance support. Based on a revolutionary architecture, LearningGuide (learningguide.us) is radically faster, scalable, more usable and adaptive than legacy eLearning solutions.
Over 750,000 end-users rely on LearningGuide. Primary verticals are Financial Services, Manufacturing, Pharma, Hospitality and Business Services. Key customers include Shell, Deloitte, JetBlue, FDIC, Sky Broadcasting, Herman Miller and News International. The company’s 250 customers drive high return on investment by increasing sales results, on-ramp clients faster, comply with regulations and accelerate production.
“Innovative, dedicated founders achieved substantial penetration in an emerging corporate education segment with a scalable business model,” stated Sever Totia, Principal, who serves on LearningGuide’s board of directors. “Customers praised LearningGuide’s effective performance support solutions and exceptional service,” added Rob Finn, Associate who conducted Edison’s diligence.
Alfred Remmits, CEO LearningGuide, commented,“Edison Ventures brings a proven track record of accelerating growth through strategic guidance and experience in the corporate education market. Edison’s value-added services will be instrumental to our success.” LearningGuide recruited a President, CFO, VP Marketing and additional US-based professionals in conjunction with the financing.
Edison has invested in 12 Education Technology companies. Successful exits include Assessment Systems, MathSoft, Nobel Learning, Presidium, Skills Bank and TetraData. Current portfolio companies include ClearPoint, eChalk and Regent. Edison has made 14 investments in Maryland. NSI, MotionSoft, LogicTree, and Regent are segment leaders. Axent, Visual Networks and Vocus achieved IPOs.