A Roanoke company expects to add 15 to 25 jobs in the next year and a half, the result of a private equity firm’s $3.5 million investment. Interactive Achievement creates instructional improvement software for schools based on state standards like Virginia SOLs. The new capital will help it develop technology, software, and its geographic reach. WFIR’s Evan Jones has the story.
(Continue reading for the full Interactive Achievement news release.)
Interactive Achievement receives $3.5 million growth investment
Personalized educational software provider will further develop its technology capacity and product suite
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.