Tuesday, February 26, 2008

GeoLearning--On-demand learning and performance technology got $31 million from Fidelity Ventures

What Company Is Offering:
GeoLearning is the leading provider of Managed Learning Services and on-demand learning and performance technology. The company's products and services are used by corporations, government agencies and non-profit organizations to manage human capital development, accelerate critical business processes and drive organizational performance. GeoLearning's Software as a Service model means there is no hardware or software for clients to install. As a result, the company's Web-based GeoMaestro and GeoExpress learning management platforms can be deployed quickly, allowing clients to efficiently manage enterprise-wide learning, development and knowledge acquisition.

How Much They Got From VCs:

It has secured a growth equity investment of $31 million from Fidelity Ventures. The funds, which represent the first institutional investment for GeoLearning, will be utilized to accelerate the company’s sales and marketing efforts, continue to build its international presence and channel partner network, and potential acquisitions.

GeoLearning also announced that Fidelity Ventures partner, Roger Hurwitz, has joined its Board of Directors.

About VCs:
Fidelity Ventures invests in companies ready to enter the market and those poised for the next phase of growth. Its 40-year track record includes hundreds of successful investments in the consumer, communications, systems and software markets. Fidelity Ventures is distinguished by the ability to accelerate market adoption for its portfolio companies’ offerings, and by a global network of senior technology and business executives. Fidelity Ventures actively manages over $800 million from offices in Boston and London. For more information, please visit www.fidelityventures.com.

More at:www.geolearning.com

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