Newport Beach, CA, July 11, 2018 – Learners Edge, a portfolio company of L Squared Capital Partners, has acquired iteach, a nationally accredited provider of alternative educator certification. The iteach program innovated online educator curriculum and helped more than 12,000 individuals get rewarding jobs as educators. Both Learners Edge and iteach were built by teachers, for teachers, and will continue to create remarkable and relevant experiences that inspire future and current educators nationwide.
“We are thrilled about our partnership with iteach,” said Jeff Farrero, L Squared Managing Partner. “The merger will create large opportunities for Learners Edge to provide its award-winning continuing education courses to former and recent iteach graduates. Moreover, this acquisition is a key component of Learners Edge’s strategy of rapidly growing its capabilities while never losing sight of its core mission to improve the quality of teaching and learning.”
“By combining forces with the talented team at iteach, Learners Edge is now able to serve teachers throughout their entire professional career. Together, we will tackle the teacher shortage and support teachers as they grow and develop over the course of their careers,” said Eric Cohen, Chief Executive Officer of Learners Edge.
“We couldn’t be more excited to partner with Learners Edge and the L Squared team,” said Diann Huber, Chief Executive Officer of iteach. “We will now be able to help advance our graduates’ skill, career path, classroom instruction and, ultimately, student success.” Dr. Huber and the senior leadership team at iteach will continue in their current roles to support the growth initiatives of the combined platform.
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About L Squared Capital Partners
L Squared Capital Partners is an investment firm headquartered in Newport Beach, CA that seeks to make $40 to $100 million equity investments in leading growth companies that operate in targeted sectors: Industrial Technology & Services, Education Technology, and Tech-Enabled Services. Our unique investor base of family offices enables us to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over a decade and have over 60 years of combined experience investing in growing private companies. For additional information, please visit www.LSquaredCap.com.
This press release is for informational purposes only and is not intended as investment advice or an offer or solicitation with respect to the purchase of any investment. Investing with any investment firm is suitable only for qualified investors that fully understand the risks of such an investment. L Squared Capital Partners is an investment adviser registered with the United States Securities and Exchange Commission. Investments with L Squared Capital Partners are only offered in accordance with applicable securities laws.