BOSTON, May 8, 2014: ExamSoft, a leading provider of intelligent educational assessment solutions, announced that it closed on a significant recapitalization led by Spectrum Equity, a leading growth equity firm focused on the information economy, in a transaction that closed May 8.
ExamSoft’s technology enables clients to more efficiently and practically administer direct assessments and analyze resulting data to improve curricular design, test design, and accreditation compliance. Wellesley, MA-based Gemini Investors is a private equity firm that provides capital and strategic resources to lower middle market companies.
Morgan Lewis represented the senior management of ExamSoft Inc. in the recapitalization, as well as Gemini Investors in its capacity as a selling stockholder. The Morgan Lewis team was led by Business and Finance Practice partner Mark Stein and included associate Erin Powers Brennan.
For further information about the transaction, please see ExamSoft’s press release.