WASHINGTON, DC – Echo360, the market leading active and distance learning solution, and Revolution Growth,the venture capital fund founded by Steve Case, Ted Leonsis and Donn Davis, have been awarded the “Venture Deal of the Year” award by the National Capital Chapter of the Association for Corporate Growth (ACG). ACG is the Washington, D.C. region’s preeminent association for professionals involved in corporate growth and corporate development.”Echo360 is helping colleges and universities transform the classroom for the digital age,” said Revolution Growth co-founder Donn Davis, who is a member of Echo360 board of directors. “No company is doing more to enhance the learning experience on campus, and in doing so capitalize on the coming necessary sea change in higher-education.” The Deal of the Year Award recognizes a Greater Washington based company that has personified excellence in corporate growth and dealmaking in the past year. Winners of the award are judged on factors such as the value of the transaction, accomplishments from funding, and the company’s current and potential impact on the region. Revolution Growth invested in Echo360 in 2012 to help accelerate the development and deployment of its transformative active learning platform with the aim of reaching 50 percent of all U.S. college students within five years. Since the investment by Revolution Growth, Echo360 has broadened its already market-leading offering for colleges and universities. Echo360 offers its flagship Lecture Capture product, which allows anytime, anywhere access and review of the classroom lecture and materials. In November 2012, Echo360 acquired LectureTools, a digital publishing tool that enables instructors to engage students through digital polling and questions during traditional class time. In April 2013, the company acquired ThinkBinder, a social collaboration tool that enables students to work with and help each other online. The Echo360 active learning platform turns the classroom from passive to active for the benefit of both students and teachers.Echo360 is currently in use at more than 600 leading institutions of higher education in 30 countries.“The members of ACG National Capital are honored to recognize some of the region’s most prominent businesses and executives for their excellence in 2012” said Braun Jones, a partner with Outcome Capital and judge for the awards. “These well-deserved companies and executives represent some of the strongest contributors to the DC-area’s positive business environment and economic performance.”
About Revolution Growth
Led by Steve Case, Ted Leonsis, and Donn Davis, Revolution Growth invests in companies that can change the world. Its mission is to build disruptive, innovative businesses that offer consumers more choice, convenience, and control in their lives. By taking a long-term approach and developing a true, hands-on partnership with entrepreneurs and management teams, Revolution Growth brings a unique strategy and passion to investing in and building significant companies. For more information, visit www.revolution.com/growth.
More than one million students in 6,000 classrooms at 500 institutions in 30 countries rely on Echo360 active learning technology to enhance their educational experience before, during and after class. Developed for educators by educators, Echo360 increases in-class participation with digital polling, provides a rich out-of-class experience by recording and sharing course instruction, and delivers deep usage analytics to help instructors gauge student progress in a course. Students watch, collaborate and participate on smartphones, tablets and laptops, wherever, whenever they choose. Echo360 was recognized with the Product Line Strategy of the Year Award from Frost & Sullivan, is CSIA-certified for outstanding customer service, and was named a Visionary Vendor in Educational Technology by IT research firm Basex. Echo360 is backed by Revolution Growth led by Steve Case, Ted Leonsis and Donn Davis.
About ACG National Capital
ACG National Capital chapter serves Washington, D.C., northern Virginia and southern Maryland. It provides unparalleled opportunities for networking, deal making and professional development for individuals involved in building corporate value through M&A, strategic partnerships, organic growth and capital funding. Its mission is to drive middle-market growth and increase deal flow by bringing together every segment of the growth community. For more information, visit www.acgcapital.org or its blog at www.acgcapitalblog.com.