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CorpU Raises $4.5M From Global Silicon, Red Eagle, Penn

CorpU said it raised $4.5 million in a round of financing led by Global Silicon Valley Capital, Red Eagle Ventures and Penn Venture Partners. The company will use the capital to design new courses and add to its management. CorpU also said it appointed David Pottruck, former CEO of Charles Schwab and current Intel board member, to the board. Pottruck will serve as chairman. Also added to the board is Michael Moe.

PRESS RELEASE

CORPU ANNOUNCES $4.5 MILLION FUNDING TO LAUNCH TALENT DEVELOPMENT REVOLUTION

Industry Luminaries Join CorpU’s Board To Bring Online Executive Education from “The World’s Best Business Schools”

Philadelphia, PA – September 26, 2012 – CorpU, on a mission to revolutionize talent development with Virtual Learning Communities (VLCs), has announced two new members of its Board of Directors. CorpU also announced the closing of a new round of investment funding totaling $4.5 million, led by Global Silicon Valley Capital (GSVC), Red Eagle Ventures, and Penn Venture Partners. The company will use the capital to design new VLC courses and add to its growing leadership team.

CorpU’s new board members, David Pottruck and Michael Moe, bring deep experience in navigating the complex waters of global growth.  David Pottruck, former CEO of Charles Schwab and current Intel board member, will serve as Chairman of the Board.  Mr. Pottruck, who has been named CEO of the year by Morningstar, is a bestselling author and award-winning teacher at the Wharton School of Business at the University of Pennsylvania.

Legendary growth investor Michael Moe, whose insights are solicited from CNBC to Barron’s to Congress, joins the company’s board and will serve as strategic advisor.  Mr. Moe was named by BusinessWeek as “One of the Best Stock Pickers in the Country” and awarded the Wall Street Journal’s “Best on the Street”.

“We are thrilled to help drive CorpU’s momentum as the leader in Virtual Talent Development,” said Mr. Pottruck. “With its stellar network of experts and business school partners, CorpU is establishing dominance within the $150 billion market for corporate learning in the 21st century.”

“CorpU and its Business School partners are ushering in a new era of executive education,” said Mr. Moe. “It’s exciting to witness the company’s success in transforming the way businesses develop leaders, respond to change and improve performance.”

“With our ivy-league faculty and Virtual Learning Communities, CorpU’s customers are achieving breakthrough results when compared to any other form of learning,” said Alan Todd, CEO.  “Although we’ve been researching corporate learning since 1997, our new Virtual Learning Communities are on the cutting-edge.”

Integrating hi-definition video, social media, web 2.0, and cloud delivery with live instructor and student interaction, CorpU VLC’s include: The Art of Negotiation; Leaders-as-Teachers; Leading and Managing People; Leading Bold Change, and Total Leadership.

For more information about CorpU, please contact Melissa Skabich of JCPR at 973-850-7310 or by email at mskabich@jcprinc.com.

About CorpU
Partnering with the best faculty from the best Universities, CorpU brings a powerful new way to connect people to solve problems, generate ideas, teach and learn, and capture knowledge.  Virtual Learning Communities integrate social media, web 2.0, cloud computing, and mobile technologies to seamlessly connect employees anytime, from anywhere, and on any device.   www.corpu.com