ClearLight Partners Makes Significant Equity Investment in The Richardson Group.PHILADELPHIA -- Richardson, a leading sales training and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , announced today that ClearLight Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a private equity firm with a special interest and dedication to the field of education and professional development, has made a significant investment in The Richardson Group. The investment will enhance Richardson's ability to implement its growth strategy, including aggressively expanding its global footprint The amount of geographic space covered by an object. A computer footprint is the desk or floor surface it occupies. A satellite's footprint is the earth area covered by its downlink. See form factor. 1. and broadening the depth and breadth of services offered to its clients. In connection with the investment, Linda Richardson, Company Founder and current Chief Executive Officer (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. ), announced that David DiStefano will be promoted to President and CEO, and that she will assume the dual role of Executive Chairman and Curriculum and Relationship Strategist strat·e·gist n. One who is skilled in strategy. Noun 1. strategist - an expert in strategy (especially in warfare) strategian market strategist - someone skilled in planning marketing campaigns . This role will allow Ms. Richardson to focus her efforts on product development, solution customization, and the innovation and quality of Richardson's training and consulting solutions. "In ClearLight we have found a partner with the same commitment to education and quality that has driven us for the past 28 years," says Linda Richardson. "Our partnership with ClearLight will support us in taking the next steps, not only with financial capital, but with the intellectual capital provided by the superb ClearLight team. David and I have worked closely together for 14 years in building and implementing our strategy. That work will continue. I am delighted to see him at the helm of Richardson as our President and CEO. It will be my pleasure to continue to work with our clients, David, and ClearLight as we move forward." Mr. DiStefano has been with Richardson for 14 years and has served as Executive Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. (COO (Cell Of Origin) See mobile positioning. ) since 2002. Mr. DiStefano will be responsible for establishing the strategic plan and direction of Richardson, ensuring its successful execution, and positioning Richardson as one of the premier sales training and consulting organizations. "I am extremely excited and honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to succeed Linda as President and CEO of Richardson," replied Mr. DiStefano. "Linda has done an incredible job building this company since its inception. I am looking forward to strengthening this exceptional foundation that has been created, continuing to work with Linda, partnering with ClearLight, and achieving our success by bringing the highest level of value and commitment to our clients and team." Jay Shepherd, Partner at ClearLight, stated, "We are delighted to invest in an excellent, industry-leading company like Richardson. We look forward to our partnership with the company and its outstanding management team. ClearLight is committed to providing the resources necessary to help Richardson realize its strong growth potential and provide its clients with world-class services." About Richardson Richardson (http://www.richardson.com) accelerates the productivity of sales professionals by ensuring they have the skills, strategies, and processes to achieve their objectives and implement their organization's strategy. Utilizing a comprehensive curriculum, coaching, consulting, diagnostic testing Diagnostic testing Testing performed to determine if someone is affected with a particular disease. Mentioned in: Von Willebrand Disease tools, and a proprietary customization process, Richardson helps develop the critical skills sales organizations need to win. Richardson's curriculum includes sales, sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a , strategy, negotiations, and service training delivered through seminars, one-on-one and team coaching, and interactive eLearning. About ClearLight Partners ClearLight Partners (http://www.clearlightpartners.com) is a private equity firm based in Newport Beach, California Newport Harbor redirects here. For the MTV reality series, see . Newport Beach, incorporated in 1906, is a city in Orange County, California, 10 miles south of downtown Santa Ana. , currently investing a $300 million fund. ClearLight invests in leading, middle-market companies, and in partnership with its management teams, contributes to their growth and development. The Principals of ClearLight were previously Operating Executives of successful growth companies, and now bring both extensive operating and financial expertise to their partnerships with portfolio companies. ClearLight seeks to partner with management teams that have both a strong track record and the vision and desire to build their companies into industry leaders. |
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