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Follow on Google News | Revolution Prep closes $15 million in growth funding, led by Kennet PartnersInnovative educational software company plans continued growth in delivery of high-quality test prep and adaptive learning with $15 million in funding.
By: Revolution Prep Revolution Prep (http://www.revolutionprep.com) The company is recognized by Inc. magazine as the fastest growing private education company in the Los Angeles area, and No.14 in the education sector of its annual Inc 5000 list. Revolution Prep has achieved three year revenue growth exceeding 300% through 2009 and is poised to become the recognized leader in standardized test preparation and adaptive learning technology within the next five years. It has already become the nation’s largest provider of on-campus SAT and ACT courses, and its innovative and effective software programs are in use by over 150,000 students. In June 2010 Revolution Prep completed its first acquisition, Ivy Insiders. “We set out to build a company that could help students meet their true potential,” said co-founder Jake Neuberg. “We always knew that would mean leveraging the best technology and ensuring we could deliver access to a quality program, no matter what financial resources our students have. We intend to continue along this same path of innovation and growth.” Co-founder Ramit Varma added, “We have taken the lead on pricing and quality, and throughout the growth in the numbers of students we help, our commitment to them remains the same. We have donated over $5 million in tuition waivers to financially disadvantaged students and are proud to say that at Revolution Prep, students’ needs are placed first, long-term skills are emphasized, and confidence is built.” Kennet's Javier Rojas (http://www.kennet.com) said, “We are impressed with the high success rate the company has achieved increasing high school graduation rates as well as its disruptive approach to the SAT Prep and tutoring markets. We believe that education will dramatically # # # About Revolution Prep (http://www.revolutionprep.com) Founded in 2002, Revolution Prep is an education software and services provider that has helped over a hundred thousand students score higher on the SAT, ACT and other high-stakes exams, while dramatically improving basic academic skills. Revolution Prep was founded with the mission of transforming education by leveraging technology to provide world-class test prep to every student, regardless of the ability to pay. Revolution Prep offers programs in real classroom settings, live online classroom settings, private in-person tutoring, private online tutoring, self-guided online courses, and hybrid courses. About Kennet Partners (http://www.kennet.com) End
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