FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

BV Investment Partners Provides Growth Capital to EdTech Firm Hero K12

June 27, 2017, 07:00 AM
Filed Under: Education
Related: Education, Software

BV Investment Partners (BV), a middle-market private equity firm focused on the business services and IT services sectors, announced that it has made a strategic investment in Hero K12, an education software provider. BV’s partnership with Hero K12 provides the company with capital to pursue its targeted growth and acquisition strategy.

Headquartered in Miami Lakes, Florida, Hero allows school districts to capture and collect data that enables educators to replace traditional discipline policies with initiatives that emphasize and recognize positive behaviors. By encouraging positive behaviors within schools, Hero’s software aids in decreasing absences and suspensions, improving students’ test scores and reducing teachers’ time spent on discipline. The Company’s software is used in K12 schools across districts in 42 states in the U.S, and continues to grow into new schools and districts each year.

Justin Harrison, Managing Director of BV, said, “BV identified a strategic interest in the Edtech market several years ago and the opportunity to invest in Hero evolved out of our relationship with Alan Mendelson, CEO of our existing portfolio company Plasco ID. We are thrilled to have the opportunity to partner with the management team of Hero K12. They have demonstrated a tremendously healthy and scalable model for success with Hero, and they have clear plans for building an all-encompassing EdTech business. Their portfolio strategy will broaden their service offering, focusing on the whole-child, and creating learning environments that allow all children to grow and succeed at school. We look forward to supporting them in Hero K12’s next phase of growth.”

Mark MacDonald, President & CEO of Hero, said, “The EdTech marketplace continues to experience significant transformation, as schools increase their reliance on technology. More than ever, educators need proven, scalable software solutions to create positive, connected school environments. We have a world-class team of industry executives at Hero K12, who bring operating, strategic and marketing expertise to our group of portfolio companies. Our partnership with BV Investment Partners gives us access to additional funding and we are excited to scale our activities more aggressively.”

As part of its ongoing development, Hero recently hired Oliver Wreford to lead its M&A strategy. Wreford is a senior executive who formerly led Product, Marketing and the ISV (Independent Software Vendor) partner ecosystem at PowerSchool Group.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.