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NexPhase Capital Invests in Educational Software Firm Aztec.

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MANews-(C)2009-2022

US-based private equity firm NexPhase Capital, LP has made an investment into US-based educational software company Aztec Software, the firm said.

Aztec Software is 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 the company 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.

Terms of the investment were not disclosed.

Blitt will remain CEO of Aztec and serve on the company's board of directors. Michael Kheyfets will continue to serve as the company's president and COO and as a member of the board.

Gartland, in addition to Joel Killion and Quint Carr, a partner and vice president at NexPhase respectively, as well as Steve Hoffman and Mike Roe, both Operating Partners at NexPhase, will also be joining the board.

Lowenstein Sandler LLP served as legal advisor to NexPhase. Macquarie Capital...

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