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Sterling Partners’ Education Opportunity Fund Invests in Amerigo Education

Amerigo is a Leading Provider of Comprehensive and Superior Support Services for the Growing Number of International Students at American Preparatory Schools

CHICAGO – January 24, 2017 – Sterling Partners’ Education Opportunity Fund announced today its investment in Amerigo Education, a company that partners with elite American high schools to support their international students and prepare them for acceptance into selective U.S. universities. Amerigo uses an approach centered on excellent academic outcomes to ensure international students thrive both in and out of the American classroom.

The team behind Amerigo is intricately attuned to the burdens, concerns and challenges shared by many teachers and administrators who work closely with international students. After decades of combined industry experience at companies like Deltak (acquired by John Wiley & Sons in 2012), Shorelight Education, Meritas, the Cristo Rey Network and Navitas, the educators, program specialists and experts at Amerigo created a solution that emphasizes success and growth which reaches far beyond just academic and support services.   

“I am thrilled to work with a team of people and partners who are truly motivated by one mission – to provide the best experience and care for international high school students,” said Craig Pines, Chief Executive Officer at Amerigo. “We’ve created a solution that many international students desire but currently do not find at U.S. high schools – parental guidance, language-learning support, support to adjust to American community and classroom norms; the list goes on. We provide all the resources our students require to be successful in high school, college and beyond. If we and our current and future partners succeed at that, the ripple effect ultimately benefits everyone in today’s global community.”

“With emerging global economies and rising middle class wealth, the demand for high-quality education is expanding. Populations around the world are looking more and more for access to our U.S. education system,” said Jason Rosenberg, Managing Director of Sterling Partners’ Education Opportunity Fund. “The existence of Amerigo means that international students at a younger age are much better prepared for college and to survive and thrive well beyond. And as we transition to a more global community, those educational and cultural experiences Amerigo students have truly benefit everyone, regardless of where you live. We’re interested in working with leaders and companies that are transforming American education and Craig Pines at Amerigo is doing just that.” Amerigo is the third investment made out of the Education Opportunity Fund, Sterling’s first-ever sector-focused fund.

Each student at an Amerigo campus is nurtured throughout the duration of a thoughtfully designed program that creates a pathway to admittance to one of the top 200 American universities. This is done by providing a college preparatory education, English language training and cultural immersion opportunities in a safe and supportive dormitory-style residential community.

Every element of the program is focused on student outcomes and the highest level of student satisfaction. In addition, existing students at American preparatory schools benefit from the program as Amerigo fully integrates international students to create a cohesive global culture.

“We are being selective in terms of the high schools with whom we partner,” said Pines. “We are seeking partners who are committed to creating a diverse student body for the right reasons. Amerigo is committed to ensuring students achieve their academic goals, but that’s just the beginning of our mission.”

Amerigo seeks to build a strong cohort of strategic partners comprised of college preparatory schools in safe environments, with dedicated faculty and administrators who want to diversify their student body in order to move all students down the path to global education.

Comments from some Amerigo partners: 

“Lexington Catholic High School has internally managed its international student program for several years. While it has been successful, we lacked the range of support resources our students needed to thrive,” said Dr. Steve Angelucci, President of Lexington Catholic. “We have been blessed to meet the Amerigo team and incorporate their experience and resources into our school. We now have the ingredients for an exemplary support program for our international student population that we are fully confident will translate into a truly inclusive environment for all of our students. After having worked with the Amerigo staff, it now seems archaic to continue with our program without their extensive means of support. The Lexington Catholic-Amerigo relationship is one we are truly excited about. We expect it to become an integral part of who we are as a school.”

“Amerigo students will expand the opportunities for open communication with others from distinctly different cultural backgrounds and help to build cross-cultural understanding,” said Vincent J. Krydynski, President of Marian Catholic High School. “By bringing our community and international students together in the loving, caring and academically challenging environment found at Marian Catholic, young men and women will not only come to appreciate how unique they are, but perhaps more importantly, how much they are alike. Ultimately, these students will be the foundation for greater global harmony.”

About Amerigo Education

Amerigo supports international students at elite U.S. high schools with a holistic and supportive approach that emphasizes excellent academic outcomes. We help international students seeking a preparatory education in the United States thrive both in and out of the American classroom. Combining a nurturing boarding environment, supplemental academic support, English language development, and an approach oriented around successful college outcomes, Amerigo prepares students with the skills, values, and care required to succeed in high school, at the college level, and beyond. For more information, visit http://amerigoeducation.com/.

NRCCUA Acquires Leading Higher Education Research Firm Eduventures

Eduventures will expand NRCCUA’s strategic research and analytics offerings, further empowering colleges and universities with valuable student insights.

Lee’s Summit, Mo. (September 15, 2016) – The National Research Center for College & University Admissions (NRCCUA), a leading provider of data and analytics solutions to public and private colleges and universities, announced today that it has acquired Eduventures. The combination will bolster NRCCUA’s offering in the areas of research, data and analytics, so that postsecondary institutions can identify, recruit, admit and serve students across the education industry and throughout the student life cycle. Terms of the acquisition were not disclosed.

Eduventures is one of the leading research and advisory firms servicing colleges and universities. Founded in 1996 and headquartered in Boston, Massachusetts, Eduventures provides research and recommendations focused on innovations in higher education. The company’s clients, which include higher education leaders across the U.S., have access to Eduventures’ extensive research library, analytic capabilities and thought leadership events. The company also offers personalized advisory sessions that contextualize the research for the specific needs of its member institutions.

Both NRCCUA and Eduventures are aligned in their mission to deliver the research and strategic recommendations necessary for education leaders to drive innovation and compete effectively to meet the needs of today’s students and help ensure their future success.

“We are excited to welcome the Eduventures team into the NRCCUA family. The combination of our two organizations will accelerate our strategy to serve students and transform the way colleges and universities use data, find insights and take action. Our member organizations have real-time access to our data platform, which provides robust intelligence and insights for their student marketing and recruiting efforts,” said Patrick Vogt, CEO of NRCCUA. “Our mission to build enabling technology that helps colleges and universities create the real-time data-driven admissions office of the future is significantly enhanced with the addition of the Eduventures team and research library.”

According to Vogt, the combination with Eduventures will drive NRCCUA’s Research as a Service initiative and create a simple and easy way for clients to access research via its data platform. The Eduventures acquisition will allow the company to help members better address challenges such as:

·        Increasing access to postsecondary education

·        Improving student success and outcomes

·        Advancing the college and career readiness of graduating students

Ultimately, the combined entities will create efficiencies that reduce the cost of education recruiting, while successfully matching the students to colleges and universities.

It will also empower university admissions departments with the software capability they need to improve and modernize their processes internally versus having to rely on a third party.

Bob Blakeley, Eduventures’ President and COO, commented, “NRCCUA’s robust data platform and reach in the higher education marketplace will provide opportunities for Eduventures’ research and

solutions and significantly help Eduventures’ clients. We are delighted to be part of the NRCCUA and look forward to continuing the important work we do for our clients and the industry.”

NRCCUA is part of Sterling Partners’ Education Opportunity Fund, a fund focused on partnering with purpose-driven companies and leaders who foster innovation within the education sector.

About NRCCUA

The National Research Center for College & University Admissions (NRCCUA) is an educational data platform and research organization based in Lee’s Summit, Missouri, and Austin, Texas. For 44 years, NRCCUA has been a leading provider of data, technology and programs servicing public and private colleges and universities to enhance their marketing and recruiting efforts. These solutions represent the link between students making important life decisions and providing the resources and information they need to succeed in their postsecondary education and career. NRCCUA is part of Sterling Partners’ Education Opportunity Fund. For more information, visit www.nrccua.org.

About Eduventures

Eduventures is the leading research and advisory firm that is focused exclusively on analyzing the forces that are transforming higher education. Building on 20 years of success in working with education leaders, Eduventures provides forward-looking and actionable research based on proprietary market data, and advisory services that support both strategic and operational decision-making. Our recommendations and personalized support enable clients to understand the top traits of leaders in critical disciplines, and evaluate the opportunities presented by new technologies. For more information about Eduventures’ research, practice areas and team, visit us at www.eduventures.com.

Sterling Partners’ Education Opportunity Fund Partners with Panopto to Fuel Company Growth and Expansion

Partnership will help accelerate growth and platform innovation for the leading provider of enterprise and education video solutions

CHICAGO--Sterling Partners’ Education Opportunity Fund, a fund focused on partnering with purpose-driven companies and leaders who foster innovation within the education sector, announced today that it has invested in Panopto. Panopto’s partnership with the Education Opportunity Fund will allow the company to build upon its position as a technology leader in video content management, recording, and live streaming, and will fuel Panopto’s plans for business expansion.

Founded in 2007, Panopto pioneered the categories of lecture capture and enterprise video content management. Today, the company offers a comprehensive video platform that enables a diverse set of organizations to capture and manage all of their video assets.

“Within five years, video will be the dominant form of online communication,” said Education Opportunity Fund Managing Director Jason Rosenberg. “As demand for this technology continues to accelerate, Panopto is leading the industry in product innovation and organizational capability. With its explosive growth in the enterprise, its dominant position in higher education, and its significant technological advantages over its competitors, Panopto is set to emerge as the leader in this multibillion-dollar market. We’re thrilled to partner with the company and the leadership team as they continue to scale.”

Since its founding, the company has amassed more than two million videos in its cloud-based video platform, making it the largest repository of expert learning videos in the world. Each month, customers stream more than 100 years of video from Panopto Cloud, which has experienced 20% compound quarterly growth since 2012. For two years running, the company has been recognized by Gartner as a “Leader” in enterprise video content management and has been ranked as one of the fastest growing companies on Deloitte's Fast 500 list. Current clients include New York Life, GE Healthcare Digital, Yale University, Brown University, and the Wharton School of Business.

“Over the past nine years, we’ve had the privilege of helping millions of students and employees improve themselves and their organizations through video-based learning," said Eric Burns, co-founder and CEO of Panopto. "With Sterling Partners’ Education Opportunity Fund, we've found the ideal investor to help us bring this enabling technology to more businesses and universities around the world. The Education Opportunity Fund's deep network and unique experience across enterprise and education technologies will propel us to the next level of growth and market presence.”

This is the second investment made out of the Education Opportunity Fund, Sterling’s first-ever sector-focused fund. In April 2015, Sterling partnered with USA Funds, a mission-driven, nonprofit organization with a focus on “Completion With a Purpose,” to launch this $200 million fund. Panopto represents a unique platform that directly aligns with the Education Opportunity Fund’s strategy of investing in purpose-driven companies that are advancing opportunities for learners.

About Panopto

Panopto helps businesses and universities create searchable video libraries of their institutional knowledge. Since 2007, the company has been a pioneer in video capture software, video content management systems, and inside-video search technology. Today, Panopto’s video platform is the largest repository of expert learning videos in the world. Headquartered in Seattle with offices in Pittsburgh, London, Hong Kong, Beijing, and Sydney, Panopto has received industry recognition for its innovation, rapid growth, and company culture. For more information, visit www.panopto.com.

The National Research Center for College & University Admissions Announces New CEO Patrick Vogt

 

 

LEE'S SUMMIT, Mo.--(BUSINESS WIRE)--The National Research Center for College & University Admissions™ (NRCCUA®) announced today the appointment of Patrick Vogt as NRCCUA’s new CEO. Mr. Vogt brings nearly 30 years of experience building innovative technology and products, accelerating company growth, and establishing first-class organizational cultures.

In his new position, Mr. Vogt will report to the NRCCUA Board of Directors and work closely with NRCCUA’s management team to lead the company into its next phase of growth. Mr. Vogt will lead the strategic effort by providing new capabilities and insights to NRCCUA members through advanced analytics, and expanding and enhancing its technology-enabled services, ultimately driving exceptional growth and improving the overall value proposition. NRCCUA is the first investment made out of Sterling Partners’ Education Opportunity Fund, Sterling’s first-ever sector-focused fund. To launch the Education Opportunity Fund, Sterling partnered with USA Funds, a mission-driven non-profit focused on building purposeful paths for students that begin with college completion and ensure a smooth transition from education to employment in the modern global workforce.

Mr. Vogt assumes the leadership of NRCCUA from Don Munce, who is transitioning from his role as CEO to Chairman of the Board of Directors. Mr. Munce has played an integral role in the success of the organization for nearly 30 years, and will remain an active participant in the company’s future growth and continued evolution. Mr. Munce was actively engaged in the selection and appointment of Mr. Vogt as the new CEO.

“Attracting a talent such as Patrick is a testament to NRCCUA’s long-standing reputation for providing trusted solutions within college admissions and higher education,” said Mr. Munce. “I look forward to seeing Patrick build upon the values and strengths of NRCCUA that have made it such an amazing place to work, and have positively impacted so many college-bound students and their families.”

A technology industry veteran, Mr. Vogt was previously CEO for HealthiNation, a leading digital video company focused on inspiring healthy and active lifestyles, where he led the development and execution of a transformative growth plan. Before that, Mr. Vogt was President of The Weather Channel's International Division, where he led the global expansion of The Weather Channel's products and services. Throughout his impressive career, which also includes successful CEO roles at leading digital media technology companies, as well as senior executive positions at Sony, Dell and HP, Mr. Vogt has demonstrated a unique ability to accelerate growth and innovation.

“The foundation on which Don created NRCCUA will not change. We will remain focused on supporting higher-education institutions and helping students achieve great academic and future workforce success,” said Mr. Vogt. “But as the industry faces new challenges in terms of decreased enrollment, the rising cost of college and the demand for transparency, we need to adapt to the current environment and offer our members new technology and data solutions in order to seamlessly connect them with their right prospective students. I look forward to leading the team and working closely with our member institutions as we begin our next phase of growth.”

Sterling Partners’ Education Opportunity Fund welcomed NRCCUA into its portfolio in February 2016. As part of the fund, NRCCUA has access to benefits much deeper than just capital and can take advantage of the fund’s invaluable strategic and operational understanding of the education market. Since its founding in 1983, Sterling Partners has had a rich history of successful investing in the education space.

About NRCCUA

The National Research Center for College & University Admissions (NRCCUA) is an educational research organization based in Lee's Summit, MO. For 40 years, NRCCUA has conducted one of the largest nationwide surveys of high school students, which serves as a communications link between college bound high school students and public and private colleges and universities. For more information please visit www.nrccua.org.

About Sterling Partners’ Education Opportunity Fund

Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Its eighth investment fund, the Education Opportunity Fund, was launched in partnership with USA Funds in April 2015. The Fund's objective is to invest in purpose-driven companies and partner with high-performing leaders that are taking an innovative approach to transforming the education landscape. The Education Opportunity Fund will target investments where it can make between $10M and $25M of equity capital commitments to growth-stage, technology-relevant businesses. For more information, visit www.educationfund.sterlingpartners.com.

About USA Funds

USA Funds is a nonprofit corporation that supports Completion With a Purpose, building a more purposeful path for America’s students to and through college and on to rewarding careers and successful lives. USA Funds pursues its nonprofit mission through philanthropic activities and partnerships, policy research, and programs and services that enhance preparation for, access to and success in higher education. Learn more at www.usafunds.org.

 

ENCORE PERFORMANCE: SCHOOL OF ROCK RECEIVES SIGNIFICANT ADDITIONAL INVESTMENT FROM STERLING PARTNERS AND OTHER CURRENT INVESTORS

APRIL 19, 2012

Second capital infusion since 2009 investment will further expand growth in U.S. and Mexico

Burr Ridge, Ill., April 19, 2012 – For the second time since receiving an initial investment from private equity firm Sterling Partners in 2009, School of Rock, the U.S. leader in performance-based music education, received an additional capital investment from its current investors. The $5 million investment was led by Sterling – whose nearly $5 billion of assets under management concentrates on growth-oriented companies – and will help School of Rock further expand its growth initiatives in North America while accelerating its franchise development efforts.

“We are building something special here, and I am inspired every day by the talented professional musicians who share our vision and chose to be instructors at our schools, the stories of the students who have been impacted in such a positive way from their involvement in our system, and the amazing performances our students are delivering on some of the world’s best stages,” said Chris Catalano, School of Rock’s CEO. “We are fortunate to have Sterling Partners as our partner and investor. Their continued commitment to our business allows us to accelerate our growth plans which will enable us to inspire more kids in more communities through our unique performance-based approach to music education.”

Founded as a single school in Philadelphia in 1998, School of Rock has become a growing international franchise, operating more than 80 schools in the U.S. and Mexico. The Company plans to triple the number of schools by 2015 and anticipates increasing enrollment by more than 50 percent in the next two years.

In July 2010, the board of directors appointed Catalano to serve as CEO, and since then, he has built a highly regarded management team. “We are inspired by Chris Catalano’s vision and growth strategy for School of Rock and see incredible potential for the company to continue to revolutionize the way this country’s children receive music education,” said Shoshana Vernick, principal at Sterling Partners.

School of Rock’s board of directors includes Paula Boggs, former executive vice president, general counsel and secretary of Starbucks Corporation (NASDAQ: SBUX) and a performing musician; David Zucker, chairman of Petty Holdings, and former executive vice president of ESPN and CEO of Midway Games; and Dr. Joe Roberts, founding partner of School of Rock, original board chairman and parent of an AllStar. The company also recently relocated its corporate headquarters to Chicago suburb Burr Ridge, Ill., from Teaneck, N. J.

“Because of the board members’ commitment to our mission, we have the ability to impact more communities, more kids and more families,” said Brandon Turner, School of Rock’s chief operating officer. “Our investors are making really meaningful contributions to the business including assembling a board from their extensive network, giving us feedback on our strategic plans, and committing capital to support our growth.”

See School of Rock kids in action:

 

See Chris Catalano talking about his vision:


ABOUT SCHOOL OF ROCK

For more than a decade, School of Rock has been inspiring kids to rock on stage and in life.  Our students develop confidence, talent and skills, through our beginner, intermediate and advanced music programs. We offer music lessons on guitar, bass, piano, vocals and drums in an authentic, performance-based environment. School of Rock operates more than 80 company owned and franchised schools in 26 states and Mexico with several new schools opening in 2012. We are expanding rapidly to meet the demands of kids who want to play music, perform live in rock and roll venues and for parents who appreciate music education. With opportunities available nationwide, it’s an exciting time to open a music school franchise with School of Rock! Visit www.schoolofrock.com for more information.

ABOUT STERLING PARTNERS

Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company’s stated purpose: INSPIRED GROWTH™, which describes Sterling’s approach to buying differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends – education, healthcare, and business services.  Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of operations and functional experts based in the firm’s offices in Chicago, Baltimore, and Miami.

The people at Sterling believe in ideas and ideals, in people and partnerships that drive long-term success. For more information please visit www.sterlingpartners.com.