CERTPOINT Systems Secures $3.75 Million Growth Round to Expand Sales and Channel Partnerships

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Capitalizing on exploding inquiries regarding CERTPOINT's latest learning platform

On the cusp of releasing its most innovative global mobile-enabled learning platform, CERTPOINT Systems raised $3.75 million in growth capital from existing shareholders, lead by Wheatley Partners. This capital will be used to expand CERTPOINT's sales operations in North America and Europe.

"Over the past six months, inquiries for the company's latest mobile-enabled Learning Management System have exploded, resulting in a three-fold increase in the company's sales pipeline. It's exactly the right time to put more feet-on-the-street and capitalize on this success," said Barry Rubenstein, General Partner of Wheatley Partners.

This investment underscores the power of CERTPOINT's learning management platform, CERTPOINTVLS™, which is globally deployed with leading brands across multiple industries including the likes of L'Oréal, Toyota and Stanley Black & Decker.

"Today, businesses must produce more value, with fewer resources and employees. Therefore, increasing business critical knowledge across the enterprise is critical to our client's success. With this added capital to supplement our cash-positive operations, CERTPOINT will enable more businesses to leverage its systems to drive performance through knowledge," said Ara Ohanian, CEO of CERTPOINT.

NOTES TO EDITORS

About CERTPOINT Systems Inc.

CERTPOINT Systems Inc. provides the CERTPOINTVLS™ and CERTPOINTVLS Mobile™ all-in-one global learning platforms, which are used by more than 1,000 organizations in over 80 countries and 40+ languages to manage performance, deliver knowledge and track business results.

Global leaders such as L'Oreal, Toyota, Honda and Stanley Black & Decker use CERTPOINT's solutions to arm their employees and partners with the knowledge they need to win and retain customers. The SaaS-based CERTPOINTVLS platform is multilingual and integrates Authoring, Reporting, Mobile Delivery and Social Collaboration tools into a single LMS/LCMS solution. It quickly drives productivity across the extended enterprise and deep into sales and service channels. CERTPOINTVLS is easy to use, rapid to deploy and cost effective.

Founded in 1996, CERTPOINT Systems has consistently developed and evolved the CERTPOINTVLS platform to ensure that it provides clients with cutting-edge tools that incorporate the most recent developments in the rapidly changing online learning environment.

Please visit the company at http://www.certpointsystems.com.

CERTPOINT Systems, the CERTPOINT logo and CERTPOINT VLS are trademarks or registered trademarks of CERTPOINT Systems Inc. and/or its affiliates in the United States and/or other countries. Other names may be trademarks of their respective owners.

Press Contact
Genny Ohanian, Marketing Manager
gohanian(at)certpointsystems.com
Office + 1 516.629.4222

This press release was distributed through PR Web by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Genevieve Ohanian