SPIRE CAPITAL PARTNERS SELLS CERTIPORT, A LEADING GLOBAL ASSESMENT AND CERTIFICATION BUSINESS, TO PEARSON VUE
May 16, 2012
New York – Spire Capital Partners, a private equity firm specializing in investments in the business services, information services, education, media and communications sectors, announced that it has closed on the sale of Certiport, Inc., a leading test delivery solution provider for the global workforce and academic markets. The purchaser, Pearson VUE, is the computer-based testing arm of Pearson and is the global leader in computer-based testing for information technology, academic, government and professional testing programs around the world.
Certiport, purchased by Spire in 2007, is based in American Fork, Utah and provides certification exam development, delivery and program management services through an expansive network of over 12,000 Certiport Authorized Testing Centers worldwide. The company manages a sophisticated portfolio of leading certification programs including: the official Microsoft Office Specialist certification program, the Microsoft Technology Associate certification program, the Adobe Certified Associate certification program, and the HP Accredited Technical Associate Program as well as others. Certiport delivers over two million tests each year throughout the secondary, post-secondary, workforce and corporate technology markets in more than 152 countries and 27 languages.
“Under the leadership of CEO Ray Kelly, Certiport experienced tremendous growth over the last 3 years; significantly expanding its program offerings as well as its geographic reach,” said Bruce Hernandez, a partner at Spire Capital and the former chairman of Certiport. He further added, “The company is positioned well for further growth and we believe the combination of Certiport and Pearson will be a powerful player in the global testing and certification market going forward.”
“We are extremely delighted in the results we achieved during our partnership with Spire Capital,” said Ray Kelly. “Spire’s strategic guidance at the board level was a great fit for our business plan and market focus. Through shared resources and expertise, we were able to take our company to the next level as we joined together to further the global reach of industry certification.”
Signal Hill Capital Group advised Spire on the sale of Certiport and SNR Denton provided legal advice.
About Spire Capital Partners
Spire Capital Partners, L.P. is a private equity firm founded in 2000, and has more than $575 million of capital. Spire Capital partners with exceptional management teams to invest in small market buyouts, recapitalizations, industry consolidations and growth equity investments in the business services, information services, media, communications and education industries. Spire Capital typically invests between $10 million and $40 million in companies with enterprise values ranging from $25 million to $400 million. Spire Capital and its predecessor funds have made investments in more than 25 portfolio companies. The firm is headquartered in New York. For more information, visit www.spirecapital.com.
About Signal Hill
Signal Hill is a privately-held investment banking partnership with a sole focus on growth companies. Our professionals have deep expertise in Information Technology, Media & Internet, Telecom Services & Internet Infrastructure, Communications, Education & Business Services, and Healthcare Services. Signal Hill has more than 50 professionals across the U.S. in Baltimore, Boston, Nashville, New York, Reston and San Francisco (San Bruno), as well as an office in Bangalore, India.
About SNR Denton
SNR Denton is a client-focused international legal practice delivering quality and value. We serve clients in key business and financial centers from more than 60 locations
worldwide, through offices, associate firms and special alliances across the US, the UK, Europe, the Middle East, Russia and the CIS, Asia Pacific and Africa, making us a top 25 legal services provider by lawyers and professionals. Please see snrdenton.com for more information and Legal Notices.
Bruce M. Hernandez