GeoLearning Secures $31 Million Investment From Fidelity Ventures

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<strong>West Des Moines, Iowa &mdash; Feb. 25</strong><br />GeoLearning Inc., a provider of managed learning services and on-demand learning and performance platforms, announced it has secured a growth equity investment of $31 million from Fidelity Ventures. The funds, which represent the first institutional investment for GeoLearning, will be utilized to accelerate the company&#39;s sales and marketing efforts, continue to build its international presence and channel partner network and potential acquisitions.<br /><br />GeoLearning also announced that Fidelity Ventures partner, Roger Hurwitz, has joined its Board of Directors. <br /><br />"GeoLearning pioneered the on-demand delivery of learning and performance management platforms over a decade ago, and they are well-positioned to strengthen their market leadership as talent shortages across all industries make improving training and development programs critical for employers," said Hurwitz, who currently serves on the board of eCredit. "As an investment, GeoLearning also appealed to our interest in companies that have successfully implemented a software-as-a-service business model. We believe SaaS offerings have significant strategic, operational and financial advantages for both business owners and their customers, and it has proven to be a key differentiator for GeoLearning, enabling it to capture market share, scale profitability and focus on customer satisfaction." <br /><br />GeoLearning&#39;s products and services are used by more than 500 corporations, government agencies and nonprofit organizations to manage and deliver a broad range of learning and development services. Its award-winning, Web-based GeoMaestro and GeoExpress platforms have helped employers, including many enterprise and mid-market companies like Dell, Palm and Adecco, manage all forms of organizational learning and drive demonstrable business value. <br /><br />"In Fidelity Ventures, we found the ideal financial partner to help us maximize our long-term growth strategy and build value for our customers," said GeoLearning President and CEO Frank Russell. "Their industry expertise and access to global resources will be a tremendous asset as we seek to expand our business and serve more customers."<br />

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