GeoLearning Secures $31 Million Investment from Fidelity Ventures
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GeoLearning, Inc., the leading provider of Managed Learning Services and on-demand learning and performance platforms, today announced that it has secured a growth equity investment of $31 million from Fidelity Ventures. The funds, which represent the first institutional investment for GeoLearning, will be utilized to accelerate the company’s sales and marketing efforts, continue to build its international presence and channel partner network, and potential acquisitions.
GeoLearning also announced that Fidelity Ventures partner, Roger Hurwitz, has joined its Board of Directors.
GeoLearning’s products and services are used by more than 500 corporations, government agencies and non-profit organizations to manage and deliver a broad range of learning and development services. Its award-winning, Web-based GeoMaestro and GeoExpress platforms have helped employers, including many enterprise and mid-market companies like Dell, Palm and Adecco, to manage all forms of organizational learning—from traditional classroom instruction, online training and self-directed study—and drive demonstrable business value.
In addition, GeoLearning has established one of the broadest partnership networks in the industry, with over 50 complementary, best-of-breed vendors, providing customers with a reliable, end-to-end learning and performance management solution.
“In Fidelity Ventures, we found the ideal financial partner to help us maximize our long-term growth strategy and build value for our customers,” said GeoLearning President and CEO Frank Russell. “Their industry expertise and access to global resources will be a tremendous asset as we seek to expand our business and serve more customers in the nearly $2.4 billion learning industry.”
About Fidelity Ventures
Fidelity Ventures invests in companies ready to enter the market and those poised for the next phase of growth. Its 40-year track record includes hundreds of successful investments in the consumer, communications, systems and software markets. Fidelity Ventures is distinguished by the ability to accelerate market adoption for its portfolio companies’ offerings, and by a global network of senior technology and business executives. Fidelity Ventures actively manages over $800 million from offices in Boston and London.
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