The financing will be used to fund strategic growth, enabling Rubicon to enhance its current curriculum and software offerings while simultaneously developing new solutions to support personalized learning and student achievement.
OREGON – September 10, 2017 – Rubicon, the leading provider of curriculum design and instructional decision making solutions for the K-12 marketplace announced an investment by Quad Partners, a private investment firm focused exclusively on the education industry.
“Curriculum is the foundation for everything done in the classroom,” said Quad Principal, James Tieng. “With our innovative product and institutional expertise, Rubicon is poised to advance the capabilities of educators designing curriculum that guides classroom activities, improves assessment outcomes and facilitates agile and real-time improvement.”
As part of the investment, Rubicon welcomes Chris Stasi, formerly COO at Chalkable, as the new CEO. Stasi succeeds Roger W. Smith who is retiring after 28 years as company Founder and CEO.
“With our decades of experience and thousands of partner schools worldwide, Rubicon has helped teach millions of students,” said Stasi. “I look forward to bringing those schools new products and services that serve the real end goal of everyone in the education community, helping students raise their achievement level every year.”
Rubicon customers will benefit from increased focus and investment in advancing the company’s curriculum design software, Atlas, and in aggressively growing their suite of products and professional learning services. Additionally, this transition will significantly benefit the education community as it allows for strengthened partnerships and collaborative development with Rubicon’s industry alliances.
Kramer Levin Naftalis & Frankel LLP provided legal advice to Quad Partners and Webster Bank provided financing for the transaction. Berkery Noyes acted as exclusive financial adviser to Rubicon and Seward & Kissel served as legal counsel.
About Quad Partners
Quad Partners was founded in 2000 to make value-added private investments in the education industry. Today, Quad is one of the most active investors in privately-owned education companies in the United States. Visit quadpartners.com to learn more.
Rubicon partners with innovative education leaders to improve student performance and instructional practice with curriculum management and assessment data integration software alongside professional development services. Visit rubicon.com to learn more.