MediaPro, a Bothell, WA-based provider of corporate security, privacy and compliance training, received a $5m investment.
Clovis Point Capital made the commitment.
Led by Steven Conrad, Founder and Managing Director, MediaPro provides corporate security, privacy, and compliance training and develops custom courseware.
The company intends to use the funds to increase sales and marketing resources, expand product and service offerings, and enhance its Security Awareness, Privacy Awareness, and Compliance Adaptive eLearning Libraries with new content.
MediaPro, the award-winning provider of corporate security, privacy, and compliance training, announced today that it has raised $5 million in funding from Texas-based Clovis Point Capital. The investment will allow MediaPro to:
– Augment additional sales and marketing resources to increase market share
– Expand its product and service offerings to address new market opportunities
– Enhance its Security Awareness, Privacy Awareness, and Compliance Adaptive eLearning Libraries with new and enriched content
Over the past year, hundreds of companies have adopted MediaPro’s Adaptive eLearning Architecture to deliver data protection and compliance training to their employees and partners. This new technology provides clients the ability to select and assemble individual training topics into tailored and branded courses. The courseware delivery times are reduced from months to just days. To reinforce the training, MediaPro also provides employee assessment surveys, phishing assessments, performance tracking, and reinforcement materials.
“Clovis Point Capital’s investment recognizes the unique value MediaPro’s industry leading technology brings to employee training,” said Steven Conrad, Founder and Managing Director of MediaPro. “Prior to our introduction of the Adaptive Architecture, businesses had to choose between investing in several expensive overlapping courses or developing their own custom course at great cost. With a MediaPro Adaptive Library subscription, businesses can easily deliver the exact best-in-class training employees need to accomplish their business goals and objectives.”
“MediaPro has been able to develop an extensive and modular library of adaptable courseware content. This scalable business model provides a level of customization and speed of delivery that is unmatched in the market place,” said a spokesman for Clovis Point Capital. “We are very impressed with the MediaPro team and are excited to partner with them to provide the guidance and capital needed to enhance their products and services in this high growth market.”
MediaPro has grown from a small Washington State business into one of America’s most highly regarded and awarded employee training companies. In addition to its security awareness, privacy awareness, and compliance courseware content, MediaPro will continue to create custom training solutions for enterprise corporations.
MediaPro is nationally recognized for producing award-winning learning solutions that reduce risk and improves end-user behaviors. The best-of-class training materials help companies meet their compliance requirements and safeguard business assets. In addition to training, awareness, and reinforcement products, MediaPro also develops custom courseware. MediaPro has won over 100 prestigious awards for instructional excellence and its products are used by the most brand-conscious companies in the world.
About Clovis Point Capital:
Clovis Point Capital is a Houston, Texas, based private equity firm that pursues investment opportunities in companies with scalable business models and proprietary products or services. Clovis Point focuses on change of control and growth equity investments and typically invests $5-$10 million per investment. The fund looks to work closely with talented management teams to provide the necessary strategic and financial support to allow companies to accelerate growth and seize market share.