Educational Software - Monday, February 4, 2008
GlobalScholar Raises $27M And Buys Excelsior Software
Bellevue, WA's GlobalScholar.com has raised $27M and is buying an educational software maker Excelsior Software. GlobalScholar sells tools to educational institutions meant to improve teaching capabilities as well as online tutoring. Excelsior meanwhile says it has more than 1,000 school-district customers for its student assessment products.
Existing investors Knowledge Universe Education and Ignition Partners participated in the round. GlobalScholar has raised $42.5M to date. It's getting to be a big company. GlobalScholar employed 50 in Bellevue plus 100 in India and Excelsior had a head count of 60 in Colorado.
GlobalScholar's CEO Kal Raman is a think-big leader who was SVP at Amazon and CEO of DrugStore.com. Needless to say, much is hinging on the success of GlobalScholar for Raman and his venture backers.
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So Kal Raman the CEO of Globalscholar is actually working on taking the company IPO in India now. Gee, I wonder what happened to the IPO here... Oh I know, he screwed that off like he screwed off every other endeavor he's undertaken. All he does at GlobalScholar is hire Yes men who are completely incompetent and dimwitted (usually Indians from his hometown or University in Chennai who know nothing about the needs of America's highly demanding consumers). Then, he hires truly talented and very competent Americans and places them UNDER his idiotic cronies. Invariably, the smart ones leave. The suckers stay at their slave jobs because they have families to feed and they fall into Kal's great trap. The man is as crooked as they come. He is a blood slurping SWINE. God bless him. God bless him. God bless Kal.
Posted by: Global at November 24, 2008 12:30 PM
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