VectorLearning, a Tampa, Florida-based online continuing education provider which operates under the brands RedVector and Care2Learn, recently received a $24m equity investment from LLR Partners.
The company intends to use the capital to expand its market share in the eLearning industry. According to a written statememt, VectorLearning will focus on organic customer growth in its core industries and targeted acquisitions of online education providers both in its existing and new highly regulated industries.
Founded in 1999 and led by CEO Tom Wallace, the company provides online continuing education and training to licensed and certified professionals in the engineering, architectural, construction (AEC) and post-acute healthcare industries. It has an online library of more than 1,500 fully accredited courses spanning all 50 states.
FinSMEs
02/08/2011