” We are delighted to partner with the PresenceLearning group to continue their efforts to use industry leading software application and teletherapy services to K-12 schools,” said John Connolly, Managing Director at Spectrum Equity..

” We are concentrated on doing everything we can to support special education groups and ensure that every kid has access to a qualified therapist,” Eberle Walker stated. “Rina and I established Global Teletherapy more than 7 years ago, and through our development we have actually constantly remained focused on providing quality service for schools. We have appreciated PresenceLearnings commitment to conference students requirements across the nation, and feel they are the perfect partners to grow the business and sustain in its next phase,” stated Alan Goode, CEO of Global Teletherapy.

Students with discovering distinctions and psychological health needs have been amongst the most affected by the pandemic, and there is ever-increasing pressure placed on the hard-working unique education and psychological health teams serving in schools..

” We have actually seen throughout our portfolio the important role that innovation can play in the expansion of equity and gain access to in education,” Rogers said. “We anticipate partnering with PresenceLearning in growing its organization, while likewise optimizing its influence on the high requirement populations the business serves and to supporting PresenceLearnings inclusive culture, which focuses on diversity of voice across its trainees, providers, and workers.”.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. encouraged the Company in relation to both the investment deal and the acquisition. Choate Hall & & Stewart LLP supplied legal counsel to Spectrum Equity and Gibson, Dunn & & Crutcher LLP offered legal counsel to The Rise Fund..

For more details, go to therisefund.com or @therisefund on Instagram.

PresenceLearning, Inc., is the leading provider of teletherapy and software application services for unique education associated services and behavioral psychological health therapy in K-12 schools. The business connects speech-language pathologists, physical therapists, and behavioral and mental health professionals with students through its proprietary Therapy Essentials software platform, and has provided more than 3 million teletherapy sessions to hundreds of K-12 schools and districts throughout the U.S. through its network of over 1,500 certified clinicians.

Bain Capital Double Impact is the impact investing technique of Bain Capital, a leading global private financial investment company. Bain Capital Double Impact leverages deep industry experience and an active, value-added technique to build terrific companies that provide both competitive monetary returns and meaningful, measurable social and ecological good. Bain Capital Double Impact partners with business across three themes– health & & wellness, education & & workforce development, and sustainability to produce long-term worth and meaningful social impact at scale.

The business has actually acquired Global Teletherapy, the leading teletherapy service company to virtual K-12 schools, and has signed a conclusive agreement for Spectrum Equity, a leading growth equity firm, and The Rise Fund, TPGs multi-sector international effect investing method, to obtain a bulk stake in the company. Bain Capital Double Impact and Catalyst Investors will maintain minority stakes and Bain will continue to have representation on the companys Board of Directors. Founded in 2016 by TPG in partnership with Bono and Jeff Skoll, The Rise Funds invest behind impact entrepreneurs and growth-stage, high capacity, mission-driven business that are focused on attaining the United Nations Sustainable Development Goals. The Rise Funds deliver capabilities and expertise across a large variety of sectors and nations at scale, focusing on chances in environment and preservation, education, farming and food, financial technology, health care, and technology.

” We see a massive chance for PresenceLearning to change the way unique education and psychological health teams deliver high quality direction and care throughout our education system and increase access for students,” included Steve LeSieur, Managing Director at Spectrum Equity.

NEW YORK, December 8, 2021– PresenceLearning, the leading supplier of teletherapy and software for unique education and mental health companies in K-12 schools, stated today that it completed 2 transactions that will significantly propel the businesss growth and aid develop the next generation of innovation for therapists to expand trainee services.

For more details, visit baincapitaldoubleimpact.com.

With more than $12 billion in assets across The Rise Funds, TPG Rise Climate, and Evercare Health Fund, the TPG Rise platform is the worlds largest private markets impact investing platform committed to attaining measurable, favorable social and ecological outcomes alongside competitive financial returns.

Bain Capital Double Impact is the effect investing method of Bain Capital, a leading global private financial investment company.

About Spectrum Equity.

Spectrum Equity is a leading growth equity company offering capital and tactical assistance to ingenious companies in the information economy. For over 25 years, the firm has partnered with exceptional entrepreneurs and management groups to develop long-term value in market-leading Internet-enabled software and details services business. Agent financial investments include Ancestry, Bats Global Markets, Definitive Healthcare, GoodRx, Grubhub, Headspace Health, Lucid Software, Lynda.com, Origami Risk, SurveyMonkey and Verafin.

The business has acquired Global Teletherapy, the leading teletherapy service provider to virtual K-12 schools, and has signed a definitive contract for Spectrum Equity, a leading development equity company, and The Rise Fund, TPGs multi-sector global impact investing strategy, to acquire a bulk stake in the business. Bain Capital Double Impact and Catalyst Investors will keep minority stakes and Bain will continue to have representation on the companys Board of Directors. Terms of the deals were not disclosed.

eSchool Media personnel cover education innovation in all its elements– from legislation and litigation, to best practices, to lessons found out and new products. Released in March of 1998 as a regular monthly print and digital newspaper, eSchool Media provides the news and info required to help K-20 decision-makers effectively utilize technology and innovation to transform schools and colleges and achieve their educational goals.

To learn more, presencelearning.com.

” Over the past 18 months, PresenceLearning has actually driven exceptional growth and impact by broadening access to crucial services for trainees at a vital time. We are delighted to welcome Spectrum, The Rise Fund, and Global Teletherapy as new partners and eagerly anticipate even more improving PresenceLearnings effect, item, and reach together,” added Iain Ware, Managing Director at Bain Capital Double Impact.

About The Rise Funds.

” Together PresenceLearning and Global Teletherapy have unrivaled knowledge in online therapy and the largest network of certified clinical professionals nationwide, positioning us as the unequaled leader in serving school special education teams,” stated PresenceLearnings Kate Eberle Walker, who will continue as CEO of the combined business. “Spectrum and The Rise Fund bring a wealth of know-how in structure industry-leading innovation platforms and are the ideal partners as we provide a brand-new level of innovation to technology solutions for special education.”

According to John Rogers, Partner and Education Sector Lead at The Rise Fund, substantial clinical shortages have resulted in unmet unique education needs across the country and this has actually been intensified by the pandemic..

About PresenceLearning.

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About Bain Capital Double Impact.

For more info, including a total list of portfolio investments, visit spectrumequity.com.

The financial investment comes at a time when teletherapy has become a crucial solution for ensuring students get access to treatment services they require and get consistent, premium care. In addition, clinicians are demanding remote work options and software solutions to make their work both more impactful and sustainable. Together with this brand-new group of financiers, PresenceLearning will invest greatly in its next stage of development.

The Rise Funds are a core pillar of TPG Rise, TPGs worldwide effect investing platform. Established in 2016 by TPG in collaboration with Bono and Jeff Skoll, The Rise Funds invest behind impact business owners and growth-stage, high capacity, mission-driven companies that are concentrated on accomplishing the United Nations Sustainable Development Goals. The Rise Funds provide abilities and expertise across a wide range of sectors and nations at scale, focusing on opportunities in environment and preservation, education, food and farming, monetary technology, health care, and innovation.