CERTPOINT Systems secures $3.75 million growth round to expand sales and channel partnerships
Capitalizing on exploding inquiries regarding CERTPOINT’s latest learning platform
Roslyn, NY, November 15, 2011 - On the cusp of releasing its most innovative global mobile-enabled learning platform, CERTPOINT Systems™, CERTPOINT Systems raised $3.75 million in growth capital from existing shareholders, lead by Wheatley Partners. This capital will be used to expand CERTPOINT's sales operations in North America and Europe.
"Over the past six months, inquiries for the company's latest mobile-enabled Learning Management System have exploded, resulting in a three-fold increase in the company’s sales pipeline. It's exactly the right time to put more feet-on-the-street and capitalize on this success," said Barry Rubenstein, General Partner of Wheatley Partners.
This investment underscores the power of CERTPOINT's learning management platform, CERTPOINTVLS™, which is globally deployed with leading brands across multiple industries including the likes of L'Oréal, Toyota and Stanley Black & Decker.
"Today, businesses must produce more value, with fewer resources and employees. Therefore, increasing business critical knowledge across the enterprise is critical to our client’s success. With this added capital to supplement our cash-positive operations, CERTPOINT will enable more businesses to leverage its systems to drive performance through knowledge," said Ara Ohanian, CEO of CERTPOINT.