Leading online education provider VectorLearning has received funding from private equity firm LLR Partners
Tampa, Fla. (August 2, 2011) – VectorLearning (www.vectorlearning.com), a leading online continuing education provider which operates under the brands RedVector and Care2Learn, recently received a growth equity investment from Philadelphia-based private equity firm LLR Partners (“LLR”). LLR has over $1.4 billion under management, and VectorLearning represents the firm’s fourth education investment.
“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.”
Renowned for its superior online education solutions tailored to post-acute healthcare and design and construction professionals, VectorLearning will benefit from LLR Partners’ unique investment expertise in education and healthcare to build upon its success in the eLearning market.
“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.”
VectorLearning will focus on organic customer growth in its core industries as well as targeted acquisitions of online education providers both in its existing industries as well as new, highly regulated industries.
VectorLearning sets the standard for excellence in online continuing education and training for licensed and certified professionals in the engineering, architectural, construction (AEC) and post-acute healthcare industries. With an online library of more than 1,500 fully accredited courses authored by over 200 subject matter experts and spanning all 50 states, VectorLearning serves more than 300,000 working professionals. The recipient of numerous community honors and industry awards, VectorLearning was founded in 1999 and is headquartered in Tampa, Florida. For further information call 1-866-546-1212 or visit www.VectorLearning.com.
About LLR Partners
LLR Partners, a leading private equity firm based in Philadelphia, PA, provides capital to middle market growth companies with proven business models in a broad range of industries including healthcare, financial, consumer and business services, information technology, specialty retail and education. With over $1.4 billion under management, LLR is flexible in its approach, taking minority or majority positions, and leading transactions ranging from expansion and growth capital to shareholder recapitalizations and buyouts. For more information about LLR, please visit www.llrpartners.com.