September 7, 2011
LLR Partners has made a growth capital investment in VectorLearning, a leading provider of online continuing education and training. The Company operates under two brands: Care2Learn, which serves the healthcare market, and RedVector, which serves the architecture, construction and engineering markets. VectorLearning’s products are used by more than 350 companies and 30,000 professionals. LLR’s capital will be used to support the Company’s continued growth and future acquisitions.
“LLR is thrilled to invest in VectorLearning and partner with management to continue the company’s strong growth and market leadership,” says Scott Perricelli, partner at LLR Partners. “VectorLearning is well positioned to continue to capitalize on the corporate training shift to high-quality, affordable online education. Management has done a tremendous job building an industry-leading platform and business model capable of supporting significant future growth.”
“I believe this investment and our partnership with LLR is a very important milestone in the history of VectorLearning,” says CEO Tom Wallace. “I am extremely bullish about our business, our team and the eLearning industry, and we are excited to work together with the outstanding people at LLR to take VectorLearning to the next level. Our relationship with such a prestigious investment firm better positions us to expand our market share in the eLearning industry.”
This is LLR’s fourth investment in the education industry. In January 2011, LLR, along with Liberty Partners, announced a joint $75 million investment in Avenues: The World School, an operator of private premier pre-K–12 schools. LLR is also invested in Brightside Academy, an operator of urban childcare education centers, and Regency Beauty Institute, an operator of post-secondary cosmetology schools.