Cherry Tree Advises XPrep Learning Solutions on their Partnership with PDH Academy
PDH Academy and XPrep Learning Solutions Announce New Partnership
PDH Academy announces it has partnered with XPrep Learning Solutions to provide market leading professional education and workforce solutions to professionals in real estate, healthcare, and specialized trades.
PDH Academy helps professionals and companies navigate regulatory training, certification, and compliance requirements to ensure success, manage risk, and increase expertise across numerous industries.
XPrep Learning Solutions has served students worldwide as a well-respected leader in the online test preparation space, delivering comprehensive professional board preparation solutions to veterinary, veterinary technician, optometry, and dental hygiene students.
“We are very excited to partner with XPrep Learning Solutions and leverage best practices to provide additional professional training to our clients,” said Mark Newcomer, CEO of PDH Academy.
“Partnering with PDH Academy is a great fit for XPrep. The additional resources and expertise that PDH brings to the table will be a huge benefit for our students. We will be able to provide an even higher level of product and service,” said XPrep VP of Operations Brian Jensen.
Eden Capital helped provide financing for the deal. Cherry Tree & Associates served as the financial advisor. Cooley LLP acted as legal advisor to Eden. Tree Line Capital Partners provided debt financing for the transaction.
About PDH Academy
PDH Academy provides regulatory training and certification to professionals and companies in real estate, healthcare, and specialized trades. The mission of PDH Academy is to help professionals start, manage, and advance their careers.
For more information, visit our website at www.pdhacademy.com
About XPrep Learning Solutions
XPrep Learning Solutions provides online test preparation solutions to veterinary, veterinary technician, optometry, and dental hygiene students. Thousands of professionals have relied on VetPrep, VetTechPrep, OptoPrep, and HygienistPrep to pass their professional board exams.
You at can learn more about XPrep Solutions at www.xprepls.com
About Eden Capital
Eden Capital is a sector-focused private equity firm backing leading management teams in education, tech, and business services companies.
For more information, visit our website at www.edencp.com
Cautionary note regarding forward-looking statements.
This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2008 (as updated in our subsequent reports filed with the SEC). These reports are available under the “Investors” section of our Web site at www.xata.com and through the SEC Web site at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.