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TUDOR PUBLISHING CO. RAISES $4.25 MILLION IN NEW VENTURE CAPITAL

 SAN DIEGO, Oct. 5 /PRNewswire/ -- In a move which will significantly boost its national presence, Tudor Publishing Co. has raised $4.25 million in venture capital. Tudor is the software producer of Grade Level Evaluation (GLE), a computerized criterion-based reference exam for elementary and secondary schools.
 According to Bill Tudor, co-founder of the San Diego-based company, the influx in capital will be used for sales and marketing, enabling Tudor Publishing to fully expand distribution of GLE on a nationwide basis. A contract was signed Sept. 13 with three of the nation's top venture capital firms: Menlo Ventures and Technology Venture Investors, both of Menlo Park, Calif. and Accel Partners, San Francisco.
 "The educational software industry is fast becoming a favorite of the venture capital industry," said Wain Fishburn, a partner in Cooley, Godward, Castro, Huddleston & Tatum, which represented Tudor Publishing in the negotiations. Tudor Publishing, which introduced GLE in 1992, is one of the fastest growing companies in San Diego, an obvious asset in attracting the new capital.
 "Menlo Ventures has been very pleased with Tudor's progress during the past year and feels that the company has the opportunity to become the market leader in computer-adapted assessment," said Doug Carlisle of Menlo Ventures. In one year, Tudor has established over 100 sales reps nationwide.
 Tudor Publishing Co.'s Grade Level Evaluation is a criterion-based reference exam designed for grades 3-9. The software program is coupled with an in-depth curriculum that covers basic computational and critical thinking skills for each grade. GLE is currently being used in over 350 school districts nationwide.
 For more information, contact Tudor Publishing Co., 6540 Lusk Blvd., Suite 210, San Diego, CA 92121-2768; 619-552-2244.
 -0- 10/5/93
 /CONTACT: Bill Tudor, Tudor Publishing Co., 619-552-2244; or Sue Varga, 619-281-3484/


CO: Tudor Publishing Co. ST: California IN: PUB CPR SU:

EH-MF -- SD006 -- 9073 10/05/93 17:14 EDT
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Date:Oct 5, 1993
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