CIP Capital has made an investment in New Mountain Learning LLC, a provider of digital and blended learning solutions for the K-12, higher education and career learning markets. No financial terms were disclosed.
PRESS RELEASE
April 2, 2018 | St. Paul, MN – CIP Capital has completed an investment in New Mountain Learning LLC (“New Mountain” or the “Company”), a leading provider of digital and blended learning solutions to the K-12, higher education and career learning markets.
The Company’s mission is to provide interactive learning solutions to students, teachers and administrators with a core focus on language learning, digital literacy and foundational financial skills. The Company’s blended learning approach seeks to enhance engagement and outcomes while building fundamental skills for the next generation of students. The Company provides interactive curriculum, assessment solutions and software tools with a digital first approach.
CIP Capital’s strategic investment will help New Mountain Learning accelerate growth through investment in its curriculum and platform while rapidly scaling into new content and software offerings, organically and through follow-on acquisitions.
New Mountain’s K-12 learning division, EMC School, delivers world-class content and curriculum for foreign language, English language arts, computer science, economics and other disciplines via its proprietary learning management system, Passport. EMC has served as a trusted partner to public school districts and private schools across the Unites States for decades, and will continue to focus on delivering the most engaging and effective literacy solutions to students, teachers and administrators in the future.
Paradigm Education and JIST combine to form New Mountain’s career skills division, providing in application, digital first learning solutions specifically designed to prepare post-secondary students and professionals for entry into the computer technology, health careers, and other related professional markets. New Mountain’s brands have served as leading innovators in the educational content market for over six decades, and in more recent years have helped lead the digital charge by creating purpose built, digitally driven literacy solutions across multiple disciplines. The Company is headquartered in St. Paul, Minnesota.
“We are very excited to announce our partnership with CIP Capital, which will provide New Mountain with both the strategic and financial resources required to continue to enhance and expand our market leading K-12 literacy solution platform,” said Eric Cantor, CEO of New Mountain Learning. “In partnership with CIP Capital, we will continue on our path of building the leading provider of interactive learning solutions for the next generation of learners that address critical literacy topics.”
Over the coming months, New Mountain Learning will be announcing additional investments and partnerships aimed at accelerating its product roadmap. In addition, the Company will be extending EMC School’s market reach within its recently launched English Language Arts and Computer Science practices.
“We are extremely excited to partner with the New Mountain Learning team to accelerate investment in the Company’s digital first solutions that seek to improve student outcomes across critical literacy topics,” said Justin Lipton, Managing Partner of CIP Capital. New Mountain Learning’s mission and strategic plan fits squarely in CIP Capital’s Knowledge Services sector focus and represents the fourth platform investment out of CIP Capital’s latest fund. “We view New Mountain Learning as a platform investment focused on accelerating growth through acquisitions and strategic partnerships in areas that provide new digital solutions, assessment tools and software to meet the changing technology demands of students, teachers and administrators,” said Daniel Schwartz, Principal at CIP Capital.
About New Mountain Learning:
New Mountain Learning (“New Mountain”) is a leading provider of blended learning solutions to K-12 and higher education institutions across North America. With a 60+ year history, New Mountain’s EMC brand develops and distributes its market leading digital literacy platform, Passport, directly to its K-12 school district customers. The EMC solution set delivered on Passport includes World Language, English Language, and now Computer Science learning programs as a result of the Company’s recent acquisition of Zulama. The Company extendsits literacy based solutions into the higher education and career readiness markets through its Paradigm and JIST brands. New Mountain Learning is committed to investing in its products, solutions, and support as it continues to expand its market leading platform in the future. For more information, please visit: https://newmountainlearning.com/
About CIP Capital:
CIP Capital is a New York-based private equity firm focused on investing in growth-oriented, middle-market companies across the Business Information and Technology-Enabled Services sectors in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, data-driven insights, and value-added outsourced services. CIP Capital targets investments in sectors including business services, marketing services, and knowledge services. For more information please visit: www.cipcapital.com.
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