UniServity set for further growth
UniServity, a leading international provider of their Becta accredited Learning Platform, “Connected Learning Community” (cLc) announced today that it has received an investment of £2.4 million from investors Quester Capital Management Limited, to support its further growth in the UK and internationally.
The £2.4 million investment will provide UniServity with the additional working capital to consolidate its market leading position and further increase the investment in research and development to ensure their Connected Learning Community (cLc) Learning Platform continues to adapt and develop in line with the education sector’s ever changing requirements.
Alan Wood, CEO of UniServity explains; "Our customers both at local authority and school level require robust and effective partnerships with their suppliers in order to support them through what is both an exciting and challenging period of transformation in education. This investment will ensure that UniServity is able to provide the best possible level of capacity and capability to meet our customer’s needs now and in the future. Our customers will benefit significantly from this investment."
Henry Sallitt, from Quester, who will sit on the board of directors at UniServity added;
"In the last two years UniServity has built a very strong base of customers not only in the UK but as far a field as China. The quality of references received from customers throughout the world and the impact educationally that the company and its product is having, clearly set the business apart as a leader in this field. In talking to educators all over the world, it is evident that the company is leading the way in helping educators make the link between learning platforms and improving the way that people learn. In addition to the great work that is being done in the UK, we were very impressed with the feedback from practitioners and policy makers in a number of countries around the world."
UniServity is one of only a few learning platform providers approved by the British Education Communications and Technology Agency (BECTA) as an accredited supplier of learning platforms. UniServity’s Connected Learning Community is used to support learning in both Primary and Secondary schools across 80 UK authorities.
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About UniServity
UniServity is one of the fastest growing companies in the UK, recently ranked 58th in the 2004 Sunday Times Techtrack 100 Survey. They are a leading provider of learning platform solutions that transform learning and enable collaboration between schools, teachers, pupils and the community, focusing on extending and improving learning opportunities for students and supporting wider school development. Clients range from small primary schools to leading Specialist Schools and technology colleges in 80 LA’s throughout the UK. The company works with one in ten of secondary schools in England.
Founded in 1999, UniServity has grown rapidly in the UK and internationally, with offices in UK, Hong Kong and Australia.
In addition to supplying schools, UniServity is a market leader in providing Web-based solutions to the voluntary and community sector. Its Community Manager software is transforming the way that community organisations interact with and inform their stakeholders and each other.
About Quester
Quester is one of the UK's leading venture capital companies and has been providing equity for growing technology companies for more than 20 years. It manages over £200 million on behalf of major institutional investors, leading UK universities, and three quoted venture capital trusts. Quester invests in the best technology to create world-leading businesses in the software, electronics and life sciences sectors. As well as capital, it brings a wealth of experience of developing high growth companies from early stage through IPO or trade sale.
Quester’s passion is building great companies from small beginnings: its experience blends ambition with the strategic, financial and commercial skills to enable it to maximise returns, both for investors and for portfolio companies.
Quester website: www.quester.co.uk
Date:10 March 2007
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