Certica Solutions, Inc., a Wakefield, Massachusetts-based provider of
information management software solutions to the K-12 education market,
today announced that it has closed a $3.3 million investment led by
Brook Venture Partners. The funding will be used to expand Certica’s
presence within the 16,000 public school districts nationwide, through
an acceleration of sales, marketing and customer service activities, as
well as new product development.
Certica Solutions’ software, called Certify™,
enables K-12 education agencies to maximize funding, avoid penalties and
audits, and reduce costs associated with mandatory state and federal
compliance reporting. The company, founded in 2000, counts among its
customers the U.S. Department of Education, several state departments of
education and numerous school districts nationwide, with its primary
focus on the school district segment of the market.
Many school districts employ manual, inefficient methods of managing,
accessing and analyzing data, yet are required to collect and report
data to state and federal education agencies many times each year. It
can be a costly and time-consuming process, and leads many districts to
forego critical funding and be subjected to audits and penalties.
Certify software streamlines and automates important steps in a district’s
information management processes, resulting in assured funding and
regulatory compliance.
“Certica Solutions brings strong leadership
and several decades of collective information management experience to
the K-12 education sector. Given the stringent regulatory requirements
placed on school districts and the massive amounts of information that
school districts are required to report to their government funders, the
education field is highly motivated to adopt new technologies which
automate their information management processes. With numerous
successful customer implementations in-hand, Certica is well positioned
to lead in this market,” said Ned Williams,
partner with Brook Venture Partners.
“We are excited about our partnership with
Brook Venture Partners,” said Mark Rankovic,
president and chief executive officer of Certica Solutions. “With
the support of the Brook team and the addition of Ned Williams to our
board of directors, we look forward to mobilizing our resources on
multiple fronts, including increased market awareness, new product
development and additional customer support initiatives.”
About Certica Solutions, Inc.
Certica Solutions is the leading provider of K-12 data certification
software solutions. Certica supports education agencies at the federal,
state and local levels, delivering a pro-active, systematic approach to
data validation, reporting and monitoring. The company’s
solutions enable education agencies to maximize funding, streamline
information management processes, and optimize regulatory reporting and
compliance.
About Brook Venture Partners
Brook Venture Partners provides expansion stage capital through Brook
Venture Fund I, Brook Venture Fund II and other co-investment funds to
information technology and medical technology companies located in the
Northeastern United States. The firm focuses on investments of $2–5
million and specializes in both financing and providing the strategic
and planning support necessary to rapidly scale and accelerate sales and
marketing activities.
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