TMCnet News
WizIQ secures $4 million in Series B round of fundingJan 28, 2013 (Datamonitor Financial Deals Tracker via COMTEX) -- WizIQ, a provider of software-as-a-service (SaaS) based virtual classroom software, has secured $4 million in Series B round of funding led by Kaizen Private Equity and Bertelsmann, a Germany-based media company. As a part of the transaction, WizIQ will merge with authorSTREAM, an online platform that PowerPoint users use to share presentation based content. Deal Value (US$ Million) 4 Deal Type Venture Finance Sub-Category Growth Capital/Expansion Deal Status Completed: 2013-01-24 Deal Participants Target (Company) WizIQ, Inc. Acquirer (Company) DirectGroup Bertelsmann GmbH Deal Rationale WiziQ intends to use the funds to build a better platform and infrastructure for online and blended education. |