Cenquest Raises $8.25 Million in Second Round of Funding; Leading e-learning Company to Continue International Expansion.Business Editors, High-Tech Writers PORTLAND, Ore.--(BUSINESS WIRE)--June 19, 2000 Cenquest, a leading e-learning company that delivers accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. , Web-based business courses and graduate degrees from respected universities, today announced it has secured its second round of financing, totaling $8.25 million. The money will be used for sales and marketing, as the company continues its international launch by targeting Europe. First round investors Sevin Rosen Funds Sevin Rosen Funds (SRF) is a venture capital firm that was established in 1981 by L.J. Sevin and Ben Rosen. SRF was involved in the financing of ArQule, CIENA, Citrix, Cypress Semiconductor, Electronic Arts, Lotus Development Corporation, Silicon Graphics, and Vitesse. , based in Palo, Alto, CA; and Hummer Winblad Venture Partners, of San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , led the new round. They were joined by Venture Partners, based in Zurich, Switzerland, and Dain Rauscher Wessels, with offices in Minneapolis, MN and Dallas, TX. "The success of this funding round speaks to the strength of Cenquest's business strategy," said LaVonne Reimer Young, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cenquest. "Cenquest has established its niche in the $3 billion e-learning market by offering accredited courses that are easy and accessible for busy professionals to get the kind of education they need to compete in today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. environment. E-learning has become a world-wide phenomenon, and participation by Venture Partners in our second round validates that." "We looked at many different e-learning companies and we continue to be impressed with Cenquest's business model," said Steve Domenik, senior partner of Sevin Rosen Funds. "By partnering with established and respected universities, Cenquest is setting itself apart from the crowd. They have already established relationships in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. Asia and are in a perfect position to make great inroads inroads Noun, pl make inroads into to start affecting or reducing: my gambling has made great inroads into my savings inroads npl to make inroads into [+ into Europe." To take advantage of trends in Europe, Cenquest recently named Jean-Claude Peterschmidtt to Cenquest's advisory board. Mr. Peterschmidtt previously served as the European Vice President of Digital Equipment Corporation, and was chairman of its European Board of Directors. "There is a hunger in Europe for the kind of graduate-level education that American colleges American College is the name of:
About Cenquest Cenquest sets the standard for graduate-level online business education by providing a high-quality e-learning experience that is true to the spirit of the Internet. The company has been delivering courses, certificate programs and full master's degrees master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. online for more than a year. Busy professionals expect the most relevant and useful content, and Cenquest's courses meet this need by offering a rich mix of classic content, industry-specific programs and "hot" topics that have been validated and accredited by respected university partners. More than an education provider, Cenquest is dedicated to working with corporations to ensure tangible and visible results from their educational investments. For more information on Cenquest, visit www.cenquest.com. |
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