CERTPOINT Systems secures $3.75 million growth capital

23 Nov 2011

by: Margaret Snell

In a move designed to to capitalise on increased demand for its latest, mobile-enabled, learning platform, CERTPOINTVLS, CERTPOINT Systems has raised $3.75 million in growth capital from existing shareholders, lead by Wheatley Partners.

Barry Rubenstein, general partner of Wheatley Partners, said: "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 capitalise on this success.”

The capital will be used to expand CERTPOINT's sales operations in North America and Europe.

Ara Ohanian, CEO of CERTPOINT, said: “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."

|