Author: Brad Brown

Workplace Answers produces strong exit in sale to EVERFI

(April 20, 2017) – Today, EVERFI, Inc., the nation’s leading education technology innovator, announced the acquisition of online compliance training company Workplace Answers. The acquisition expands EVERFI’s commitment to solving complex prevention and workforce challenges through interactive, scalable education solutions.

“Nearly a decade ago, EVERFI was founded on the conviction that we could harness innovative, digital education to engage learners on the largest and most intractable social issues of our times – from financial education and diversity, to sexual assault and harassment prevention,” said EVERFI CEO Tom Davidson. “By bringing Workplace Answers into the EVERFI Network we have become the world’s largest company committed to empowering learners at every stage of their lives, from the classroom to the boardroom.”

The acquisition of Workplace Answers, also includes their Campus Answers brand, which provides faculty and staff training around critical campus issues like sexual harassment prevention training. The combined company will now serve over 1,700 campuses and provide them access to the Campus Prevention Network, a nationwide initiative committed to creating safer, healthier communities. Through the Campus Prevention Network, schools across the country will take a pledge to adopt the highest standards of prevention related to critical health and safety challenges, including sexual assault and alcohol abuse, and to assess the progress and impact of their efforts.

“Workplace Answers and EVERFI share the same philosophy of engaging the learner and putting the customer at the center of product innovation,” said Girish Pashilkar, CEO of Workplace Answers, LLC. “As we considered growth strategies for Workplace Answers, I felt confident that being acquired by EVERFI would allow us to significantly amplify our impact in critical areas such as preventing corruption, discrimination and sexual violence. Additionally, EVERFI’s inclusive and purpose-driven culture would continue to provide a thriving work environment for our talented employees.”

“Through the Campus Prevention Network, EVERFI is creating a powerful community dedicated to using evidence-based best practices, data, and scalable training to take on some of the toughest challenges facing colleges and universities,” said Preston Clark, President of EverFi’s Higher Education and Corporate Compliance divisions. “The addition of Workplace Answers reaffirms our commitment to support schools and companies in this important work, and accelerates the incredible momentum driving progress across the country.”

About EVERFI

EVERFI is the leading education technology company that provides learners of all ages education for the real world, through innovative and scalable digital learning. Founded in 2008, EVERFI is fueled by its Software-as-a-Service (SaaS) subscription model and has certified over 16 million learners in critical skill areas. Some of America’s leading CEOs and venture capital firms are EVERFI investors including ReThink, Advance Publications, Amazon founder and CEO Jeff Bezos, Twitter founder Evan Williams, and Google Chairman Eric Schmidt. The EVERFI Education Network powers more than 4,200 customers in their education initiatives across all 50 states and Canada. Learn more at EVERFI.com

One, Inc. Raises Series B Led by AXA Strategic Ventures

Bradford Brown Capital LLC participated in the latest funding to accelerate and expand One, Inc.’s vision of transforming the insurance software market

December 14, 2016
Folsom, California

One, Inc., provider of a SaaS operating system for insurance companies, today announced that it has raised $20 million in Series B funding led by AXA Strategic Ventures (ASV) with participation from MassMutual Ventures and current investor H&Q Asia Pacific. This round marks ASV’s first growth equity investment. The additional capital builds on the company’s $16.7M Series A round in 2014, bringing the total investment to $36.7M.

This investment comes at a time when One, Inc. is experiencing tremendous growth. For the past three years, the company’s revenue has tripled each year and its customer base has nearly quadrupled. One, Inc. plans to use the additional capital to further develop its SaaS platform, add products and lines of business and expand globally.

“One, Inc. is leading the modernization of the insurance software market by offering a nimble, cost-effective solution that can be installed quickly and is continuously updated to ensure that customers always benefit from the latest features,” said Alex Scherbakovsky, General Partner at AXA Strategic Ventures. “This investment reflects our confidence in the strength of One, Inc.’s management team and the company’s next-generation SaaS technology platform.”

One, Inc.’s suite of software applications is the industry’s leading comprehensive SaaS insurance platform that provides all the core functions needed by insurance carriers and managing general agencies. One, Inc.’s platform includes policy administration, billing, rating, agency management, customer relationship management, document management, payment processing, digital engagement, IVR, data warehousing and business intelligence, esignature, as well as many other functions essential to insurance companies. One, Inc. also helps carriers bring new offerings to market more quickly, empowering them to go live with all of their core applications in months rather than years. With a perfect customer implementation track record, One, Inc. has proven that the largest and most complex on-premise core systems can easily migrate to the cloud.

“Insurance carriers are facing significant challenges in this continually evolving landscape,” said Doug Russell, managing director, MassMutual Ventures. “One, Inc.’s integrated product mix, which includes everything from core systems to payments to distribution management, has the company well-positioned to help solve those day-to-day and long-term issues. We are pleased to have made this investment and are excited about One Inc.’s future.”

“One, Inc. continues to impress us with the way they execute and how they are disrupting the market with flexible and modern solutions,” said Dr. Ta-lin Hsu, Founder and Chairman of H&Q Asia Pacific. “We’re excited to further our investment in One, Inc. and to have AXA Strategic Ventures and MassMutual Ventures as part of the team. We look forward to working closely with them.“

“The shift happening in the insurance industry is still in its early stages and the opportunity to redefine how insurance companies approach technology and interact with their customers is tremendous,” said One, Inc. CEO and founder Christopher W. Ewing. “AXA Strategic Ventures, MassMutual Ventures and H&Q Asia Pacific share our values and vision for the future of the insurance industry. We are eager to collaborate with them and move our business forward significantly.”

ABOUT ONE, INC.
One, Inc. provides an integrated cloud-based platform designed to transform the way insurance companies interact with their customers. One, Inc.’s technology platform combines core insurance software functions including policy administration, rating and billing with data analytics, CRM, payment processing and agency management—all in one solution—to enable insurance companies to modernize their operations and offer superior solutions and service to their customers. For more information, please visit www.oneincsystems.com

Blue Sky Network acquired by search fund Kerwood Capital

October 17, 2016 — Bradford Brown Capital, LLC today announced the acquisition of Blue Sky Network (“BSN”) with search fund entrepreneurs, Kambiz Aghili and Greg Demory of Kerwood Capital.  BSN, based in San Diego, was founded in 2001 and provides uninterrupted, real-time remote asset tracking solutions using the Iridium satellite network for fixed wing, marine, rotary wing and the land/mobile markets.  The company offers proprietary, FAA-certified (Tier I Iridium, GSM) standalone hardware along with a cloud-based, multi-platform fleet management software portal.

Search fund Valent Capital acquires ISI Telemanagement Solutions, Inc.

ISI Telemanagement Solutions, LLC announced that it has sold a controlling interest to search fund Valent Capital Partners, LLC. “ISI is well served by this transaction,” said Michelle Moreno, Chief Financial Analyst, Managing Director, Dresner Partners. “Valent Capital Partners will invest in ISI’s continued growth, both organically and through partnerships and acquisitions, to serve the ever increasing needs to deliver unified communications solutions.”

 

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=9776753

Attainia acquired by search fund Prometheus Health

REDWOOD SHORES, Calif., Oct. 13, 2016 /PRNewswire/ — Attainia, Inc., (“Attainia”), the leading provider of healthcare capital equipment management and information solutions, has successfully completed a transaction with investment firm, Prometheus Health Partners, LLC, (“Prometheus”).

“We are extremely excited to announce the acquisition of Attainia,” said Mike Rozenfeld, who will operate as CEO of Attainia, Inc. “Attainia is the leader in providing medical capital equipment management solutions and information services. Healthcare systems, group purchasing organizations, equipment suppliers, and professional engineering and planning firms all turn to Attainia’s SaaS solutions to manage complex equipment planning projects and obtain valuable information on the rapidly changing healthcare industry. Jack McGovern has done a remarkable job running Attainia for the last three years. I am confident that our investment will enable Attainia to deliver even higher quality solutions and services to its clients.”

Attainia’s products, which include PLAN, BUDGET, WATCH and PREDICT, provide the tools necessary to make informed decisions and to manage complex capital equipment plans, budgets, and routine replacement processes. With over 300 customers, including Sutter Health, Intermountain Healthcare, Cleveland Clinic, Stryker, Siemens, CallisonRTKL, AECOM and others, Attainia remains well positioned to continue to grow and expand its presence in the U.S.A. and around the world.

https://www.attainia.com/News/32/

Zensurance Raises $1M in Seed Round

http://www.marketwired.com/press-release/digital-insurance-startup-zensurance-secures-1-million-seed-round-2179117.htm

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