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Educational Software - Monday, February 25, 2008

GeoLearning Raises $31M From Fidelity

Thumb Fidelity Ventures has put $31M into Iowa's GeoLearning the startup's first institutional investment. GeoLearning sells on-demand education course-ware to corporations and claims over 500 clients. Founded in 1997 and with over 200 employees, GeoLearning says it did $24.7M in revenues in 2007. The company has plenty of competition but has been around so long its has build the killer client list as well as a library of course-ware that makes it tough on the competition. View - site... Continue...

Educational Software - Monday, February 4, 2008

GlobalScholar Raises $27M And Buys Excelsior Software

Thumb 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. View - site... Continue...

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