ExamSoft, a Dallas, TX and Boca Raton, FL-based provider of intelligent educational assessment solutions, received a “significant” investment from Spectrum Equity, a growth equity firm focused on the information economy.
The amount of the transaction was not disclosed.
The company intends to use the funds to develop new products and consolidate its relationship with clients.
Led by Daniel Muzquiz, Chief Executive Officer, and David Schnabel, President, ExamSoft provides schools, programs and departments with tools to measure student competency and achieve desired learning objectives, while providing analytics to support curricular enhancement and accreditation compliance.
Its technology enables administrators to deliver the full range of assessments from high stakes exams to lower stakes quizzes or performance assessments in any venue.
ExamSoft is used by more than 550 clients, including a wide array of higher education institutions and 43 of the 50 U.S. state bar examiners.