Logical Choice Technologies Receives Five Million of New Investment
(firmenpresse) - ATLANTA, GA -- (Marketwired) -- 05/10/13 -- Logical Choice Technologies Inc. ("Logical Choice"), a leading technology solutions company focused on the K20 education market announced today that it has received Five Million of New Investment from Vert Capital Corp for a controlling stake in Logical Choice.
Founded in 1994, Logical Choice Technologies has been recognized for innovation and leadership in education including, "Top Fastest Growing Women-led Companies in North America" as reported by Wall Street Journal and "America's Fastest Growing Companies" by Inc. 500.
"We are extremely excited about our merger and the infusion of energy, expertise and capital this brings for our employees and customers," said Cynthia Kaye, CEO of Logical Choice Technologies. "This merger and funding allows us to continue to expand and innovate into new education technologies."
The education marketplace is undergoing a major transformation with the advent of new technologies and accessibility of personal devices. Logical Choice has developed best-in-class solutions that solve the new challenges created by federal mandates for online testing, 1:1 learning and digital textbooks. Today's school districts are looking for partners that have the experience and reputation to protect their investment in existing infrastructure and allow interoperability between current classroom tools and new technology initiatives.
Michael Pope, Managing Director of Vert Capital, said, "Logical Choice's loyal customer base and impressive line of education solutions makes this acquisition an attractive opportunity that marries well with our broader investment objectives. We feel confident that by partnering our knowledge, relationships and capital with Logical Choice, we can continue to achieve great things in education."
About Logical Choice Technologies:
Logical Choice Technologies is a national technology solutions company for K20 education with headquarters in Atlanta, Georgia. Logical Choice offers solutions to schools that integrate leading brands of mobile devices, Wi-Fi, projectors and other A/V classroom accessories, combined with leading educational publishers and Logical Choice's proprietary software. Logical Choice also manufactures its own brand of classroom audio systems (AudioGear), its own Logical Choice Alive® interactive whiteboard and a popular supplemental reading program, Letters alive®.
About Vert Capital Corp
Vert Capital Corp is a merchant bank and financial advisory firm that focuses on small and middle market companies worldwide. As a business accelerator, the company provides tailored solutions including corporate development, strategic relationships, M&A expertise and financial capital. Vert Capital invests in businesses across multiple industries that are typically undergoing varying degrees of operational, financial or market-driven change.
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KBC Media
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Datum: 10.05.2013 - 17:00 Uhr
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News-ID 258773
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