Cie's venture studio leads another portfolio company to an accelerated exit
IRVINE, Calif., Nov. 10, 2020 (GLOBE NEWSWIRE) --
Cie, a venture studio and innovation accelerator, announced today that LINQ acquired Titan School Solutions (TITAN) for $75 million. TITAN joined Cie’s venture studio in 2017 where Cie accelerated growth through strategic leadership, corporate development, scalable technology and business growth initiatives. TITAN is a cloud-based software as a service (SaaS) school nutrition management provider which has grown into an industry-leader in school nutrition management solutions. “We’re proud of how TITAN has improved the school nutrition industry and the innovation they’re providing to LINQ,” says Anderee Berengian, Co-Founder & CEO of Cie who also served on TITAN’s Board of Directors. “Through three years of collaborative effort, Cie has helped TITAN become the school nutrition industry’s fastest growing SaaS provider with innovation unrivaled in the market.”
“LINQ is focused on providing its customers the best-in-class solutions in the EdTech sector,” says LINQ CEO Krista Endsley. “Acquiring TITAN is an excellent opportunity to deliver K-12 school districts the innovative software solutions they need today and accelerate our growth into the future.” As a 100% cloud-based system, TITAN provides speed and ease previously inaccessible to school nutrition as it seamlessly supports personnel from district administrators to cafeteria workers, students and families. With Cie’s VC partners leading the Series A funding almost two years ago, TITAN is now implemented in over 700 districts and used by over 4 million students nationwide.
After working in EdTech for a decade, Brad Blankenship, founder & President of TITAN, saw the need for innovation in nutrition services and set out to create it. Cie provided the strategy for accelerated growth and expanded vision for what the technology could accomplish. “What began as a way to bring efficiency to the school lunch line,” says Blankenship, “has evolved far beyond that because of Cie’s leadership in growing TITAN and expertise in architecting scalable technolog.”
For Cie, this acquisition is further proof-of-concept to how their venture studio pairings work. As a mix of seasoned entrepreneurs and digital innovators they are able to provide an unfair advantage to the startups they partner with—contributing strategic focus in growing startups and executing alongside founders in the trenches to accelerate growth, funding and market feedback. “We saw a lot of potential in TITAN’s initial product, market and founding team,” notes Berengian, “and what we’ve been able to achieve together in these past three years has provided the growth to launch TITAN into being true and long-lasting industry changers. It’s a great example of what Cie can accomplish in the startups we co-found.”
The Cie team is comprised of serial entrepreneurs who compress years of practical experience into the rapid development of startups. Leveraging the team’s strategic and operational expertise in technology, product development, brand building and customer acquisition, Cie consistently drives positive outcomes across a wide range of industries.
Cie's venture portfolio includes Cie Games (acquired by Glu Mobile), Nativo, ASAP Tire (acquired by Tire Rack), Titan School Solutions (acquired by LINQ), Performa Labs, Longève Brands and a growing list of emerging start-ups. Cie’s leadership team has served key roles at companies such as Amazon, eBay, Yahoo!, Overture, Nestlé USA and Internet Brands.
Visit www.ciedigital.com to learn more.
About TITAN School Solutions
A photos accompanying this announcement are available at
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