MELBOURNE, Australia and NEW YORK, April 7, 2021 / PRNewswire / – Quantum Global Holdings (“QuantumIT”), the owner and developer of InPlace SaaS educational technology platform for managing student work-based learning (“WIL”), announced today that Quad Partners LLC (“Quad”) has approved Invest in the company to support continuous global customer acquisition and product development.
InPlace is a powerful solution for managing WIL students, e.g. B. for clinical internships, internships for student teachers, internships, apprenticeships, industrial projects, overseas engagements and other professional experiences. The company has developed and sold other products that provide integrated management tools to potential employers, including schools, universities, hospitals, nursing homes, and others, to facilitate in-depth student internships, provide educators with feedback loops, and meet health and safety or similar compliance requirements fulfill. The products have been used by more than 140 customers Australia, the US and the UK.
QuantumIT founder and CEO Guthrie White said, “We have seen rapid growth in our SaaS business over the past few years Australia, UK and US and have continued to invest in product improvements and new features. We are thrilled to have Quad Partners join us and recognize their strong understanding and participation in the US higher education industry. The investment will allow us to accelerate our product development program, expand our international sales and marketing teams, and explore new industries for our software. “
Daniel Neuwirth, General Partner and Co-Founder of Quad, added, “The importance of work-based learning is growing worldwide, both due to university initiatives and increased regulatory requirements for licensed professionals. InPlace offers a comprehensive and flexible solution to address the growing complexity of the placement process We are excited to be working with Guthrie and the QuantumIT team to bring this offering to more customers around the world. “
Industry studies show that 60-70% of students who do an internship get permanent employment in one of the places they have worked and with many governments around the world focused on “employment outcomes” for students, those who leave the tertiary course, there is considerable opportunity for InPlace. As the dominant product in the industry in Australia In the UK and with customers in 10 countries, InPlace has a solid base for continued rapid growth.
Activ8 Capital Advisors acted as exclusive financial advisor and Thomson Geer Lawyers provided legal advice to QuantumIT / InPlace. Kramer Levin Naftalis & Frankel LLP and MinterEllison provided legal advice to Quad Partners.
InPlace is an Ed-Tech SaaS platform wholly owned by Quantum Global Holdings, based in Quantum Global Holdings Melbourne, Australia, with offices in Sydney, London, Kuala Lumpur and Denver, Colorado. InPlace is a powerful university management software service for managing the Work Integrated Learning (WIL) of students, e. B. clinical internships, internships for student teachers, internships, industrial projects, engagements overseas and more. www.inplacesoftware.com
Via quad partners
Quad Partners is a private equity firm committed to creating long-term value by investing in and building quality education companies. Founded in 2000 by Lincoln Frank and Daniel Neuwirth, Quad has about made it $ 800 million about his story. Since its inception, Quad has invested in more than 60 education companies, either as a platform or as an additional acquisition. www.quadpartners.com
SOURCE Quad Partners LLC