VSS Completes Investment in Education Tech Company VKidz
Veronis Suhler Stevenson — Wednesday, February 15, 2017NEW YORK--(via BUSINESS WIRE)--Veronis Suhler Stevenson (“VSS”), a leading private equity investment firm focused on the information, business services, healthcare and education industries, announced today that it completed a significant investment in VKidz Holdings, an award-winning provider of subscription-based, online curriculum for the homeschool, elementary school, and parent markets.
Founded in 2003 and based in Ft. Lauderdale, FL, the company is comprised of two divisions with four core programs, its homeschool division (Time4Learning and Time4Writing) and its elementary school division (VocabularySpellingCity and Science4Us). The homeschool division provides a subscription service to families for home education, primarily homeschool, and for afterschool and summer study. The elementary school division provides an online supplemental product to school districts, teachers, schools, and parents. Both divisions support users globally.
The programs have received an array of industry awards. In 2016, Science4Us, a K-2nd curriculum, was the winner of a BESSIE and CODiE award for best science program. Time4Learning has received the Homeschool award for “Top 100 Educational Websites” for 9 years in a row. VocabularySpellingCity was most recently a finalist for “Best Game-Based Curriculum Solution” in the 2016 CODiE awards.
“I am pleased with the partnership between VKidz and VSS,” said John Edelson, Founder and CEO of VKidz. “VSS’ investment will enable us to provide better products and services to both our homeschool and school customers. It will ensure our ongoing growth.”
“We look forward to working with John and his talented team as they continue to build next-generation software for the growing education technology market,” said David Bainbridge, Managing Director at VSS. “Over the last decade, VKidz has developed, licensed and marketed a very successful portfolio of engaging and educationally-effective products. The products utilize game-based features for the students and insightful reports for administrators, teachers, and parents. VKidz blends advanced technology with old fashioned dedication to supporting their users.”
Jeffrey Stevenson, Managing Partner added, “We are impressed with VKidz’s experience in developing educational games and the ability to penetrate the school and home market.”
In conjunction with the investment, David Bainbridge will join the company’s board of directors.
VSS (www.vss.com) is a leading private equity investment firm that invests in the information, business services, healthcare, and education industries. VSS provides capital for growth, recapitalizations, strategic acquisitions and buyouts to lower middle market companies and management teams with the goal of building companies organically as well as through a focused add-on acquisition program. VSS makes privately-negotiated investments across the capital structure and has the ability to invest in situations requiring control or non-control equity, mezzanine and structured equity securities.
VKidz (www.Vkidz.com) is a privately owned award-winning edtech company providing curriculum and supplementary programs to homeschool families and elementary schools. VKidz was founded in 2003 and is based in Ft. Lauderdale, Florida. The homeschool division features Time4Learning (www.time4learning.com) which is an integral part of tens of thousands of homeschool families education. The elementary school division features VocabularySpellingCity (www.spellingcity.com), a game-based literacy, vocabulary, and spelling website and mobile application used by 3+ million students. VKidz’s mission is to provide technology-based educational programs that dramatically improve K12 educational outcomes.
Contact: VSS, Tanya Dessereau, +1 212-381-8556, firstname.lastname@example.org