Chapel Hill, North Carolina-based LNC Partners has made an investment in Terra Dotta, a provider of higher education travel risk management, study abroad and international programs management solutions. No financial terms were disclosed.
CHAPEL HILL, N.C. (PRWEB) MAY 16, 2019
Terra Dotta, the trusted leader in higher education travel risk management, study abroad and international programs management solutions, today announced that it has received additional growth capital from LNC Partners, a northern Virginia-based private equity firm focused on partnering with high quality middle-market companies. The investment will be used to support Terra Dotta’s continued growth, including enhancing and expanding its award-winning solutions, pursuing new markets and acquisitions, and expanding its team.
“Since our first investment in Terra Dotta in 2015, the company has proven itself as the market leader in understanding and responding to the demands of its long-standing client institutions and, in turn, delivering innovative products covering the full breadth of education abroad and international education programs,” said Robert Monk, managing partner, LNC Partners. “The additional capital will allow Terra Dotta to continue its strong growth with more resources that will enable the company to scale, enhance its enterprise-level solutions and expand its global market presence.”
“This is an exciting time at Terra Dotta – we are thrilled to expand our partnership with LNC and welcome this tremendous opportunity to accelerate our success,” said Brandon Lee, CEO of Terra Dotta. “This additional capital will allow us to address more institutions’ study abroad, travel risk and international student programs’ most pressing needs.”
About Terra Dotta
Terra Dotta is the trusted leader in higher education travel, study abroad and international program management solutions. Over 600 institutional offices use Terra Dotta’s enterprise-wide cloud solutions and mobile apps to automate and streamline all aspects of global collegiate travel and international student programs. The company’s solutions and expertise help higher education teams optimize study abroad and international programs enrollment, deliver real-time, GPS-driven travel communication for students and faculty, facilitate international agreements and partnerships and ensure compliance and risk mitigation for international travel/scholar programs worldwide. Terra Dotta is based in Chapel, N.C. and can be found at http://www.terradotta.com.