Oct 27, 2011

ConnectEDU Raises $10 Million in New Equity Round

(Boston, MA) Ocobter 27, 2011 - ConnectEDU, Inc., the leader in web-based college and career access solutions, today announced it has completed a $10 million equity offering led by Allen & Co. with the continued support of the company's initial group of investors from the education, private equity and Internet industries. The new round of funding will fuel the company’s continued expansion and acquisition strategy.

"This round signifies our shareholders’ interest in continuing to aggressively pursue ConnectEDU's mission to service students, and those who serve them, throughout their education, career and financial planning process," said Craig Powell, ConnectEDU Chief Executive Officer. "This funding will accelerate the continuation of ConnectEDU’s successful acquisition strategy, which has included our Enrollment Marketing and Retention Management business and CoursEval, the leader in web-based student and teacher assessment.”

In the last year, ConnectEDU has opened offices in Hoboken, NJ and Austin, TX in support of its growth and national expansion. The company was recently selected by San Francisco Unified School District to implement Connect!, and it was featured in Washington Monthly Magazine for its work with Miami-Dade School District, the fourth largest school district in the United States, and Yale University.

1 comment:

Smart Boy said...

connectedu is doing great job and expending more and more I really appreciate their efforts to create communications between students
Thanks

Ian Decosta
Self Test Engine