Spectrum K12 School Solutions, Inc. Secures $5.7M In Expansion Funding

Towson, MD - Spectrum K12 School Solutions Inc. provider of Encore the leading special education and Individualized Education Program (IEP) management software, recently announced it has secured an additional round of venture funding led by Updata Partners and Novak Biddle Venture Partners. The funding will be used to accelerate development and marketing of Spectrum K12's patented, award-winning solutions for K-12 school districts.

Founded in 1994, Spectrum K12 provides school districts with solutions designed to close the achievement gap for special education and at-risk students by more effectively managing the individualized learning process for all students receiving special services or interventions. Spectrum K12 has received recognition from leading organizations including EdNet and the Software & Information Industry Association and is endorsed by the Council of Administrators of Special Education.

"The market for K-12 education technology solutions is rapidly expanding," said Roger Novak, General Partner with Novak Biddle. "We are excited about Spectrum K12's product vision and ability to leverage proven technology to extend their market leadership."

"With their award-winning solution, strong management team and extensive customer list of leading K-12 districts, Spectrum K12 has a formula for great success," said Tim Meyers, General Partner of Updata. "Expanding marketing and selling efforts will further increase Spectrum K12's rate of growth and bring the benefits of Spectrum K12's solutions to an even larger set of school districts and students."

"We are thrilled Updata and Novak Biddle have validated our view of the market opportunity and Spectrum K12's leadership position," Jim Marshall, President and CEO of Spectrum K12 added. "Our long history of delivering value to our customers and our continuous innovation are proof points for why we are the leader in our market. With this investment we are able to expand our product development, sales and marketing so we can help K-12 school districts close the achievement gap for special education and at-risk students."

SOURCE: Spectrum K12 School Solutions Inc.