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Hero K12 Announces Equity Partner, $150M of Available Capital for Expanded EdTech PlatformHero K12 announced an equity financing investment from BV Investment Partners (BV). The partnership provides Hero K12 over $150 million of capital to deploy towards its EdTech growth plans. Click to tweet. Hero K12's student behavior management applications make a profound impact on student behavior and, therefore, learning. Chief Executive Officer Mark MacDonald commented, "The EdTech marketplace continues to experience significant transformation as schools increase their reliance on technology. Educators are looking for proven software solutions to impact everything from classroom teaching to creating positive, connected school environments. We have a world-class team of industry executives at Hero K12, who bring operating, strategic and marketing expertise to our group of portfolio companies. Our partnership with BV Investment Partners gives us access to additional funding and we are excited to scale our activities more aggressively." Justin Harrison, Managing Director of BV Investment Partners, a middle-market private equity firm focused on the business services and information technology services sectors, said, "We are thrilled to have the opportunity to partner with the management team of Hero K12. They have demonstrated a tremendously healthy and scalable model for success with Hero, and they have clear plans for building an all-encompassing EdTech business. Their portfolio strategy will broaden their service offering, focuing on the whole-child, and creating learning environments that allow all children to grow and succeed at school. We look forward to supporting them in Hero K12's next phase of growth." Leading this growth effort is Oliver Wreford, the company's Chief Product and Strategy Officer. Wreford previously served on the executive team at PowerSchool, helping to form company strategy and orchestrate several merger and acquisition deals that expanded their product portfolio. "Hero K12 will focus our investments on education technologies that collectively solve challenges schools face in adopting technology. Our integrated solutions will streamline administrative processes, provide educators ready access to student data, and connect stakeholders within the school community," said Wreford. "This will reduce the burden of school technology, allowing our customers to focus on positive school culture, improved learning outcomes, and stronger, better-informed communities." "There are plenty of ideas in EdTech, but not all of them honor the full journey of a student. We will focus on the whole-child and the overall environment," MacDonald added. "Schools must be safe, connected, and function like communities." About Hero K12 With Hero K12, schools create a positive school climate and culture. Hero is a school-wide system to capture and collect data that allows schools to replace traditional discipline policies with initiatives that emphasize and recognize positive behaviors. With over $150 million of acquisition capacity, Hero K12 is building an expanded platform that will reduce the burden of technology for educators, allowing them to more effectively deliver safe, positive and connected learning environments. Meet school heroes and see their turnaround stories at https://herok12.com and @heromatters. About BV BV Investment Partners is currently investing its ninth private equity fund. The firm is one of the oldest and most experienced sector-focused private equity firms in North America. Since its founding in 1983, the firm has invested $3.0 billion in 89 companies, actively targeting investments in the business services and information technology services industries. For more information, please visit bvlp.com. Note to editors: find our online press kit here. View source version on businesswire.com: http://www.businesswire.com/news/home/20170619005279/en/ |
