Strategic investment in the Greek Schoox from Vista Equity Partners
Vista Equity Partners, a global investment company which focuses on software and technological companies has invested in Schoox , a Greek learning software company which started from Thessaloniki and now plays a leading role in the international markets.
Schoox was founded in 2012 with the philosophy that the traditional educational systems are not flexible to adjust to the needs of the contemporary workforce.The platform Learning Engagement provides a learning environment where the employees of each company can develop knowledge and skills whenever, whereever and on whichever device.
The company has 1800 clients, has trained 13 million users and has a presence in 120 countries. Fedex, KIA and Subway are some of Schoox’s customers.It employs 150 people, mostly in Thessaloniki and with the new funding it intends to expand its product series.Also, the company plans to invest in customer service teams to ensure that it retains her customer-driven culture.
“Our cooperation with Vista and its investment will help us grow our platform, offer more to our customers and expand our team. Our company is developing but the culture of the “obsession’ with our customers won’t change.”, stated Lefteris Ntouanoglou, Co-Founder and CEO of Schoox.
Schoox’s funding was made by the Endeavor Fund of Vista and appeals to software and data companies and technology in general which intend to increase their impact on the markets. Apart from the capitals, the Endeavor Fund provides technological expertise and support.
“The great administration team, the powerful platform and the loyalty to customer service, places Schoox in an exceptional position to keep leveraging the great, increasing opportunities of the market as companies expand and redefine their workforce. It is a privilege to work with brilliant founders like Lefteris and his team and help them accomplish their goals about Schoox”, commented René Yang Stewart,co-head of the Endeavor Fund.
Schoox has raised so far 6,5 million dollars from investors like Kinetic Ventures and ITC Partners,which will remain as investors in the company even after the new investment.