CollegeNET Receives Strategic Growth Investment from Affiliate of Peak Rock Capital
Portland, Or., August 1, 2023
CollegeNET, Inc. (“CollegeNET”), a leading provider of web-based on-demand technologies for higher education, today announced a strategic growth investment from an affiliate of Peak Rock Capital (“Peak Rock”), a leading middle-market private investment firm.
CollegeNET is a developer of important new product markets for higher education, including the world’s first automated classroom scheduling system and the first patented system for serving institution-branded web-based admissions forms. Today, the company’s products include facility scheduling and optimization software, web-based admissions processing, AI-powered virtual classrooms, video interviewing, and focus groups. Over 1,000 higher education institutions worldwide rely on CollegeNET as they seek to drive more efficient operations and greater economic mobility for their students.
Jim Wolfston, CollegeNET’s Chief Executive Officer, said: “We welcome Peak Rock’s financial and strategic support as well as their commitment to our ambitious growth plans. Their innovative structured investment solution gives us the runway to continue developing the large market for our patent-pending AI Opportunity Drivers.”
“CollegeNET’s industry-leading software products are used and trusted by institutions of higher education worldwide, and we are impressed by the company’s commitment to both customer service and innovation,” said Karson Chang, Managing Director at Peak Rock Capital. “We are excited to partner with CollegeNET to accelerate the company’s growth.”
CollegeNET, Inc. has been the prime mover and developer of important new product markets for higher education, including the world’s first automated classroom scheduling system and the first patented system for serving institution-branded web-based admissions forms. Today CollegeNET is pioneering new AI/Supercomputing/Video markets that enhance learning and career opportunities for students and citizens. The company’s new suite of Opportunity Drivers includes StandOut® Intelligent Mirror and StandOut Classroom. Intelligent Mirror provides patented AI voice analysis technology and self-guided practice for job seekers, professionals, and others who want to improve their speaking skills and self-confidence (www.standout.com). StandOut Classroom solves the long-standing “degree pathways” problem by introducing a new, asynchronous learning environment that requires no specification of time or place. CollegeNET systems are now used by more than 1,000 institutions worldwide for event and academic scheduling, virtual classroom instruction, career preparation, college admissions, campus hiring, candidate recruitment, and course evaluation.
About Peak Rock Capital
Peak Rock Capital is a leading middle-market private investment firm that makes equity and debt investments in companies in North America and Europe. Peak Rock’s equity investment platform focuses on opportunities where it can support senior management to drive rapid growth and performance improvement, with expertise in corporate carve-outs and partnering with families and founders seeking first-time institutional capital. Peak Rock’s credit platform invests across capital structures, with a broad mandate to provide flexible, tailored capital solutions to middle-market and growth-oriented businesses. Peak Rock’s real estate platform makes equity and debt investments in small to mid-sized real estate assets in attractive, growing geographies. For further information about Peak Rock Capital, please visit www.peakrockcapital.com.