Earlier today, Sibling
Group Holdings announced that it has formed a strategic partnership as well as
closed a $3.75 million investment into its business from Shenzhen City Qianhai
Xinshi Education Management Co., Ltd. (“Shenzhen Times”), a People’s Republic
of China limited liability company and other accredited and institutional
investors. The proceeds of this investment are to be used to fuel Sibling
Group’s expansion into critical markets around the world, including China.
“With Sibling Group’s two
recent acquisitions in Blended Schools Network and Urban Planet Mobile™, our
next step is to secure the right funding mix to meet our aggressive growth
targets,” said Sibling Group Chief Executive Officer Brian OliverSmith. “We
believe this strategic partnership with Shenzhen Times is the optimal way to
achieve our goals of broader and deeper expansion into new markets, including
China, the largest market in the world for education technology, and a central
component to our growth strategy. This is great news for Sibling Group and all
our stakeholders.”
This deal follows Sibling
Group’s recent acquisitions of Blended Schools Network, a K-12 online and
blended learning company serving about 160 U.S. School Districts, and Urban
Planet Mobile™, an education technology company that specializes in the
creation and distribution of educational content and services across all mobile
and digital platforms — from basic phone and smartphone to tablet and computer.
As an international
education management and consulting company with its main business in education
management consulting, enterprise management consulting, development and sale
of computer network systems and technologies, computer software, electronics
products and communications products, Shenzhen Times’ collaboration with
Sibling Group represents a significant step forward as the company aggressively
grows its stake in the evolving global education marketplace.
Sibling Group Chairman
Maurine Findley added, “We are excited to take this important next step in positioning
the Company for growth domestically and internationally. Our mission is to
improve student outcomes in a cost effective manner and build value for all
stakeholders. We are confident that our partnership with Shenzhen Times and its
strategic investment should enable us to become a global leader in eLearning
and mobile Education.”
For more information on
Sibling Group, visit www.siblinggroup.com
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