San Francisco, CA – January 30, 2008 – Teachscape, the industry leader in the development and delivery of outcomes-based professional development programs for educators in the K-12 market, announces the completion of a US$3.0 million debt and equity financing, led by a US$2.0million venture loan from Toronto-based MMV Financial Inc. Teachscape dedicates itself to the continuous improvement of classroom instruction to improve student achievement. The company works closely with school-based coaches and principals to develop their capacity as “instructional leaders.” Teachscape’s proprietary learning management system supports instructional leaders as they strive to deepen the content teachers teach and the strategies they employ to teach it. As such, Teachscape's research into the effectiveness of its programs is an ongoing part of every implementation it does.
"We are pleased to have MMV Financial as our new financial partner.” said Mark Atkinson, Chief Executive Officer of Teachscape. “This financing will be used to further develop our core district services and to expand our Masters Degree programs for K-12 teachers.”
“Teachscape represents an opportunity to invest in a later stage, market leader in the education market.” said Greg Dimmer, Senior Vice President, MMV Financial Inc. “The Company has an impressive list of clients and has leveraged technology and leading research to deliver educators a results driven coaching and instructional support program. We feel that management has positioned the Company for continued growth and success in this market.”
About Teachscape
Teachscape is a technology-enabled professional development services company that provides research-based, data-driven, integrated professional learning for educators throughout a school system. As a strong proponent of the National Staff Development Council’s standards, Teachscape’s mission is to integrate 21st century skills into every teacher’s day. Teachscape has partnered with renowned institutions like Stanford University, McREL, the Concord Consortium, the University of Texas and others to shape its approach to professional learning. For more information, visit Teachscape at: www.teachscape.com/
About MMV Financial Inc.
MMV Financial is a Toronto-based specialty finance company providing creative debt solutions to technology and life sciences companies across North America. MMV is backed by top U.S. and Canadian private equity firms and financial institutions including CCP Equity Partners, Caisse de dépôt et placement du Quebec, HSBC, NewStar Financial Inc, and Wells Fargo Company. For more information visit: www.mmvf.com
Contacts:
Greg Dimmer
Senior Vice President
MMV Financial Inc.
(416) 977-9718
dimmer@mmvf.com
Mark Atkinson
CEO
Teachscape
(415) 369-3710
mark.atkinson@teachscape.com