Personalized educational software provider will further develop its technology capacity and product suite and with this investment will come a significant increase in new jobs within the next 18 months.
ROANOKE, Va. (March 26, 2013) – Interactive Achievement, creator of standards-based instructional improvement software, today announced a $3.5 million growth equity investment for a minority stake in the company. The infusion of cash will help Interactive Achievement continue to meet the growing needs of its clients and to expand its product offerings.
“This investment will allow us to continue to help educators make a difference in the lives of children all over the country,” said Jonathan Hagmaier, founder and CEO. “It reinforces to me that we are on the right path as a company; we have a bright future ahead of us.”
To assist in its mission of creating leading education products to better personalize a student’s education through the use of data, Interactive Achievement will add offerings related to technology enhanced assessment items, curriculum and instruction management, resource management, and data analysis to its award-winning software platform.
Founded in 2006, Interactive Achievement currently employs 45 staff, mostly in the Roanoke-Blacksburg region. The company is a leader in personalized education and its software products assist educators with making data-driven decisions to support student achievement in all academic areas.
The new funds will be used to expand the company’s business in Virginia, South Carolina, Tennessee, and Indiana where its current clients are located and to extend its reach nationally. With this investment will come a significant increase in new jobs within the next 18 months. Most positions will be based in the Roanoke-Blacksburg region. Interactive Achievement will be hiring for the following positions: software developers, sales associates, project managers, customer support personnel, content specialists, and managers.
About Interactive Achievement
Interactive Achievement (IA) employs current and former educators to create award-winning, high-quality, and standards-based instructional improvement tools. IA’s products assist educators with making data-driven decisions for raising student achievement in all academic areas. IA provides resources for the education community enabling all to achieve success. For more information visit www.interactiveachievement.com. For a brief video introduction to the company, click here.
Posted By Valerie Garner
Tags: awards, Business, economy