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Education Growth Partners Completes Investment in eScholar LLC(January 19, 2012)
STAMFORD, CT -- (Marketwire) -- 01/19/12 -- Education Growth Partners ("EdGrowth"), a leading growth private equity firm focused exclusively on the education industry, announced today a significant investment in eScholar LLC ("eScholar"), a leader in the collection, integration and application of data to personalize education and improve educational outcomes. Financial details of the transaction were not disclosed.
Based in White Plains, NY, eScholar is the market leader in the management and application of education data. Its suite of longitudinal data system technology is relied upon by 13 state education agencies, 4,800 school districts and more than 18 million of the nation's students. eScholar's state-wide data warehouses include comprehensive, student-level data on students from Pre-K through Higher Education. Focused exclusively on education since 1997, eScholar is dedicated to improving the education outcomes of students.
"The eScholar team has built the industry-leading suite of products that collects, integrates and manages the disparate data that flows through our education system, as shown by eScholar's 13 statewide implementations, including New York, North Carolina, Pennsylvania and Texas. eScholar solutions enable the application of data for evidence-based decision-making by administrators, teachers, parents and students to improve educational outcomes," commented Peter Campbell, Managing Partner at EdGrowth. "We believe that the increased emphasis on data and outcomes in this country will help accelerate eScholar's growth going forward," added Chris Curran, Managing Partner at EdGrowth.
EdGrowth's investment and strategic advice will help eScholar expand its industry-leading installed base of state level customers, as well as expand its product offerings to meet the increased technology and data needs of educators. Specifically, eScholar is now rolling out eScholar MyTrack, a comprehensive solution for teachers and students to harness student level data to manage and measure personal goal setting to improve student achievement.
"EdGrowth's unique understanding of education technology make it the ideal partner for eScholar," said Shawn Bay, Founder and CEO of eScholar. "We have worked with the EdGrowth team over the past year, and have seen how they add value via their industry insight, their customer introductions and their strategic view. I look forward to working closely with the EdGrowth team to expand the eScholar product portfolio and further accelerate growth."
eScholar is the nation's leading innovator in the application of billions of individual education data points to the needs and goals of each person. eScholar customers are realizing significant improvements in their ability to meet mandated reporting requirements but more importantly in their ability to improve pre-K through postsecondary student achievement. The eScholar Complete Data Warehouse® products are the most comprehensive solutions available for integrating, cleansing, and managing thousands of education related data elements. The eScholar Uniq-ID® products are the leaders in generating, assigning, and managing statewide unique student and staff identifiers. Relied on by 13 state education agencies and over 3,500 districts across the country, eScholar products transform the way educators use data. For more information about eScholar, visit www.escholar.com or call 877-328-2969.
About Education Growth Partners
Founded in 2010 by longtime education investors Peter Campbell and Christopher Curran, Education Growth Partners is the premier growth private equity firm focused exclusively on the Pre K-12, higher education, corporate training and lifelong learning sectors. The firm leads growth capital financings, minority recapitalizations, and buyouts of profitable, high-growth companies in the target sectors. The firm has offices in Stamford, Connecticut and Boston, Massachusetts. Education Growth Partners is also closely affiliated with Education Growth Advisors, a strategic consulting firm led by Adam Newman, that delivers strategy, financial, and operational advisory services to assist clients in evaluating strategic options, accelerating growth, and improving business operations. For more information about Education Growth Partners, visit www.edgrowthllc.com.
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