Lowenstein Sandler represents NexPhase Capital, LP ("NexPhase"), an operationally-focused private equity firm, in its investment into Aztec Software ("Aztec"), an educational software company focused on the adult education and workforce training and certification markets. The investment will support Aztec's continued growth and expansion into adjacent markets, solutions, and channels, and position Aztec to execute on its robust acquisition pipeline.
Founded in 1980 and headquartered in Springfield, New Jersey, Aztec creates learning solutions for adult learners in all 50 states to remediate learning needs, prepare for standardized tests, re-skill and improve employability. Developed by industry experts and exclusively used with adult learners, the Aztec learning system consistently produces leading results from low-level literacy through high school equivalency, and onto certification preparation and employability skills. Combining innovative technology and a comprehensive library of purpose-built educational content, Aztec's learning platform is designed to empower learners through ease of access, individualized learning plans and real-time feedback, providing an autonomous educational experience.
The NexPhase team has extensive experience investing in software companies. Current and previous investments include KnowFully Learning Group, Selerix Systems, DealerOn, Brandt Information Services, Insurance Technologies, Flexible Architecture & Simplified Technology, Inside Real Estate, SwipeClock and Mxi Technologies.
NexPhase invests in lower middle market growth-oriented companies within three distinct sectors: consumer, healthcare, and software. The firm partners with companies that have reached a growth inflection point and are seeking a value-added partner to help navigate the company's "next phase."
The Lowenstein deal team includes Christopher C. Henry, Andrew P. Erdmann, Michael Walutes, Theodore C. Sica, Zarema A. Jaramillo, Eric Jesse, Marc S. Kurzweil, Julie Levinson Werner, Jack Sidorov, Sabrina Cua, Manali Joglekar, Judith G. Rubin, Amy C. Schwind, Bryan Sterba, Revel Atkinson, Batool T. Banker, Jessica Billeter, Taryn E. Cannataro, Deangeor Chin, Rebecca Glikman, Sydney J. Kaplan, and Geena M. Caporale.
About Lowenstein Sandler LLP
Lowenstein Sandler is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.
Sr. Manager, Marketing Communications,
Lowenstein Sandler LLP