Our firm acted as exclusive financial advisor to Pathbrite in its recapitalization with Cengage Learning. Pathbrite provides a next-generation, web 2.0 ePortfolio that has the capacity to influence all areas of education, from K-12 to higher education and extending into career services and the corporate market. Pathbrite currently supports more than 500 schools, colleges, universities, and organizations in the United States. Cengage Learning is a leading educational content, technology, and services company for the higher education and K-12, professional and library markets worldwide.
Boston, MA – Through a new partnership between Cengage Learning, a leading education company, and Pathbrite, the world’s leading Portfolio Learning Platform, students will have access to Pathbrite’s best-in-class e-portfolio in Cengage Learning’s course solutions. The addition of an e-portfolio to MindTap’s high quality course content differentiates it as the only truly comprehensive student centric learning platform in the market. Cengage Learning will also be making an investment in Pathbrite and Pathbrite will become Cengage’s preferred partner for institutional-wide portfolio deployments.
“We are pleased to be partnering with Pathbrite to deliver an essential resource to students and faculty as we continue to hear that a digital portfolio is becoming critical to securing a job,” said Jim Donohue, Chief Product Officer, Cengage Learning. “Students are looking for a seamless solution to collect and share their achievements – which is the beauty of Pathbrite’s online portfolio. Demonstrating our strong commitment to meeting the needs of our end-users, we are making an investment in Pathbrite to help expedite the roll out of the solution in our products.”
The online portfolio will allow students to demonstrate completion of assignments for graduation, accreditation and job placement, and enable instructors to review student progress. Further, Pathbrite’s e-portfolio facilitates the exchange of student created artifacts with the instructor in response to course assignments. It allows for materials to be exchanged as assignments, tagged, and coursework stored automatically so that the student is constantly building a portfolio of work just by completing assignments.
With a similar portfolio for administrators, faculty and institutions can easily report on student accomplishment to illustrate how their students perform against accreditation standards.
“Pathbrite is extremely proud of our partnership with Cengage Learning, which will allow us to broaden our reach as we continue to improve learner outcomes – including increased course-passing and job placement,” said Heather Hiles, CEO, Pathbrite. “Using our Portfolio Learning Platform, not only can students store and share their academic accomplishments, instructors have the ability to report on how their courses are meeting prescribed standards and view progression of student skills through collections.”
Pathbrite’s e-portfolio will be incorporated across 300+ MindTap courses for Fall 2015.
About Cengage Learning
Cengage Learning is a leading educational content, technology, and services company for the higher education and K-12, professional and library markets worldwide. The company provides superior content, personalized services and course-driven digital solutions that accelerate student engagement and transform the learning experience. Cengage Learning is headquartered in Boston, MA with operations in more than 20 countries around the world. For more, visit: www.cengage.com.
Pathbrite is a venture-backed ed-tech company based in San Francisco. Pathbrite currently supports more than 500 schools, colleges, universities, and organizations in the United States. Pathbrite’s portfolio platform is poised to revolutionize learning, teaching and assessment across the globe. Educators and students at institutions like Fresno State University, Laureate International Universities, Stanford University, and University of Illinois use Pathbrite to enhance learning outcomes, program completion rates and job placement rates of students. For more information, visit Pathbrite.com, like us on Facebook, follow us on Twitter, or visit our blog.
has invested in
a portfolio company of
DATE: May 2014
LOCATION: San Francisco, CA
TRANSACTION TYPE: Sale of Equity to a Strategic