STAMFORD, Connecticut, June 18, 2015 – Education Growth Partners (“EGP”), a leading growth private equity firm focused exclusively on the corporate and higher education industries, today announced an significant investment in Fuse Universal (“Fuse”), an award winning, global learning technology company revolutionising online learning, knowledge sharing and communication in the workplace through its innovative technology platform, that supports continuous, social, blended and mobile learning. Financial details of the transaction were not disclosed.
Launched in 2011 and based in Shoreditch, London, Fuse has experienced tremendous growth in the last year, attracting customers from big brands in the retail sector, like Vodafone, Carphone Dixons and L’Oreal and winning new customers on the banking and telecommunications sectors. Fuse has also been successful in helping to modernize traditional training companies like Lifetime and Ingeus to transform their training offering to fully blended and digital. Customers from across the different sectors have chosen Fuse due to its unique proposition that combines learning, communication and knowledge sharing in one platform across all devices, positioning itself at the forefront of online learning.
Steve Dineen, Founder and CEO of Fuse Universal explains, “We were looking for an investment partner, rather than just investment and we believe we have found that in Education Growth Partners. Peter Campbell and Jose Wehnes have a deep understanding of the global learning and education market and have an impressive track record in the industry. We see this investment as validation of our learning philosophy and technology. It’s also a validation of our strategy where we have pioneered a focus on continuous learner engagement, which makes us stand out from our competitors. We’re extremely excited about the future”.
Peter Campbell, Managing Partner of Education Growth Partners added, “This is an exciting opportunity for us. As education specialists, we believe there is considerable opportunity to leverage our deep experience to help the Fuse management team map out a highly differentiated product strategy and an aggressive growth plan for the future.”
The proceeds of the investment will be used by Fuse to bolster traction in Corporate and Higher Education markets, expand sales & services operations in London, Cape Town and New York and accelerate the product roadmap.
About Education Growth Partners
Founded in 2011, Education Growth Partners is the premier growth private equity firm dedicated solely to providing growth capital to proven, high potential education services companies that offer compelling solutions addressing unmet needs in training and education. The firm leads growth capital financings, minority recapitalizations, and buyout of profitable, high growth companies in the Pre-K, K12, higher education, corporate and life-long learning sectors. The firm is headquartered in Stamford, CT. For more information visit www.edgrowth.com.
About Fuse Universal
Fuse Universal is a next generation knowledge sharing platform for online corporate learning, peer-to-peer collaboration focused on large corporate clients, training providers and educational institutions. The Fuse platform provides the fastest and most simple way to capture, transform and share knowledge.
For information contact:
Education Growth Partners