- Schoox — a differentiated and highly agile learning and talent development platform — announced it has received a strategic growth investment from Vista Equity Partners
Schoox — a differentiated and highly agile learning and talent development platform — announced it has received a strategic growth investment from Vista Equity Partners, a leading global investment firm focused on market-leading enterprise software, data and technology-enabled businesses.
Launched in 2012, Schoox has a philosophy that traditional “one size fits all” learning systems are considered too rigid to adapt to the needs of the modern workforce, especially the unique needs of frontline employees. And Schoox’s Learning Engagement platform gives learning and development teams a branded learning environment in which their employees can develop knowledge and skills anytime, anywhere, and on any device.
Schoox is planning to use the investment capital to expand its product suite — giving learning and development teams additional tools and resources in a time of rapid change and turnover in the global economy. And the company also plans to invest in its workforce and build on its industry-leading customer support teams to ensure Schoox retains its customer-centric culture and status as a destination employer.
This investment in Schoox is made by Vista’s Endeavor Fund, which is focused on mission-critical, high-growth enterprise software, data, and technology-enabled businesses seeking to expand their impact in the markets they serve. And Endeavor partners with companies and their management teams, providing the capital, expertise, and support to build an operational foundation for sustainable growth while accelerating market leadership. Kinetic Ventures and ITC Partners are going to remain investors in Schoox.
KEY QUOTES:
“Schoox aligned around a crucial insight that learning and development needs to be more tailored, flexible and tech-powered to help workers in our evolving global economy adapt, from office workers in a hybrid environment to frontline employees navigating a new normal. This new investment from Vista will enable us to scale our platform and bring insights to more customers, building out our product suite and expanding our go-to-market team. Partnering with Vista will help us achieve this goal while staying true to what has made us successful so far: taking great care of our people, who in turn take great care of our customers. Our company is growing, but our customer-obsessed culture won’t be changing.”
— Lefteris Ntouanoglou, Co-Founder and CEO of Schoox
“After a tumultuous year for the economy, the labor market and frontline employees, learning and development platforms like Schoox continue to be vital in helping companies build up their workforce and accelerate success. Schoox’s strong management team, powerful technology platform, and unyielding dedication to customer service puts it in an excellent position to continue capturing the massive, growing market opportunity as companies expand and reskill their workforces. It’s a privilege to work with smart founders like Lefteris and his team, and we are looking forward to helping them advance their vision for Schoox.”
— René Yang Stewart, Co-Head of Vista’s Endeavor Fund and Senior Managing Director
“This is a momentous time for Schoox, and we’re thrilled to continue supporting the company in its next phase of growth alongside a pedigreed technology investor like Vista. Since we made our initial investment in 2015, Schoox has changed the game when it comes to learning and development tools for employees from the office to the frontlines. We believe the company has plenty of runway to continue making it easier for employees and companies to succeed in a changing economy.”
— Campbell B. “Cam” Lanier III, Chairman of the Board of Schoox and CEO of ITC Partners
“We are thrilled to be partners with Schoox and ITC and look forward to the value Vista will bring to the equation.”
— Jake Tarr, Managing Director of Kinetic Ventures
