Cleveland, OH & Atlanta, GA — December 17, 2018 — Primus Capital (Primus), announced that it has made a major growth investment in BizLibrary. Based in St. Louis, MO, BizLibrary is a leading provider of online employee training content and software for growing organizations. The investment by Primus will accelerate the Company’s rise as the preferred partner for online learning and allow it to expand its product offering and client reach within the market. The management team at BizLibrary will continue to be actively involved in the day-to-day operations and growth strategies of the company.
BizLibrary’s award-winning online learning solution helps organizations improve employee performance by providing a large collection of high-quality, short, video-based lessons covering the core skills, compliance and industry specific topics employees need to excel within their roles. The BizLibrary Collection of more than 7,000 titles comprises BizLibrary proprietary content and content from over 45 producer partners. BizLibrary’s aggregated content model allows it to deliver a wide variety of formats and styles to accommodate the diverse learning preferences of the modern learner, and the unique interactive and reinforcement features of BizLibrary’s content ensure training is engaging and effective, increasing organizations’ return on their training investment. When delivered through BizLibrary’s learning platform, employees have on-demand access to training when and where they need it.
“BizLibrary offers a premier employee training solution with engaging content across a number of domains, including compliance and business skills, and a robust learning management system,” said Phil Molner, Managing Partner of Primus. “BizLibrary, through its content and technology offering and high-touch customer service model, is well-positioned to help its clients create and maintain sophisticated learning and development programs that will drive organizational success and employee satisfaction.”
“Our partnership with Primus will allow BizLibrary to further invest in its market-leading solutions to provide employers with the learning resources and technology they need to help their employees reach their potential,” Dean Pichee, Founder and CEO of BizLibrary commented. “We’re excited to work with Primus during the next chapter of BizLibrary’s growth and development.”
Chris Welch, Principal of Primus, added, “BizLibrary has a rich legacy of providing impactful employee training content and technology that deliver results for employers. We look forward to working with the management team to build upon their successes to date.”
Vista Point Advisors served as exclusive financial advisor to BizLibrary in the transaction.
Primus is a growth-oriented private equity firm focused on investing in leading software, healthcare and technology-enabled services companies. Primus partners with exceptional management teams to accelerate growth, improve operating performance, and increase the value of the companies in which they invest. Primus pursues buyouts, control and minority recapitalizations, secondary share purchases and expansion financings; this flexible approach enables them to engage with business owners and design tailored investment structures to meet the particular needs of the transaction. For more about Primus, visit www.primuscapital.com.
BizLibrary is a leading provider of online learning for growing organizations. The company’s award-winning microlearning video library engages employees of all levels, and their learning technology platform is a progressive catalyst for achievement. Partnered with BizLibrary’s expert Client Success and Technical Support teams, clients are empowered to solve business challenges and impact change within their organizations. For more about BizLibrary, visit www.bizlibrary.com
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