The following is a release from MediaPro:
MediaPro, the Bothell-based provider of corporate security, privacy and compliance training, announced that it has raised $5 million in funding from Texas-based Clovis Point Capital. The investment will allow MediaPro to augment additional sales and marketing resources to increase market share; expand its product and service offerings to address new market opportunities and enhance its Security Awareness, Privacy Awareness, and Compliance Adaptive eLearning Libraries with new and enriched content.
Over the past year, hundreds of companies have adopted MediaPro’s Adaptive eLearning Architecture to deliver data protection and compliance training to their employees and partners. This new technology provides clients the ability to select and assemble individual training topics into tailored and branded courses. The courseware delivery times are reduced from months to just days. To reinforce the training, MediaPro also provides employee assessment surveys, phishing assessments, performance tracking, and reinforcement materials.
“Clovis Point Capital’s investment recognizes the unique value MediaPro’s industry leading technology brings to employee training,” said Steven Conrad, Founder and Managing Director of MediaPro. “Prior to our introduction of the Adaptive Architecture, businesses had to choose between investing in several expensive overlapping courses or developing their own custom course at great cost. With a MediaPro Adaptive Library subscription, businesses can easily deliver the exact best-in-class training employees need to accomplish their business goals and objectives.”
“MediaPro has been able to develop an extensive and modular library of adaptable courseware content. This scalable business model provides a level of customization and speed of delivery that is unmatched in the market place,” said a spokesman for Clovis Point Capital. “We are very impressed with the MediaPro team and are excited to partner with them to provide the guidance and capital needed to enhance their products and services in this high growth market.”
MediaPro has grown from a small Washington State business into one of America’s most highly regarded and awarded employee training companies. In addition to its security awareness, privacy awareness, and compliance courseware content, MediaPro will continue to create custom training solutions for enterprise corporations.
