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STRATEGY > BUSINESS ALIGNMENT
Training Solutions Provider Raises $11.7 Million in Financing
SEATTLE—July 28, 2006—Intrepid Learning Solutions has announced that it has closed an $11.7 million funding round. The equity financing was led by FTVentures, a private equity firm focused on software and business services. Intrepid reportedly will use the new funding to continue to build its training services business and expand its learning solutions.
According to the announcement, Intrepid has developed multiyear relationships with such companies as Boeing, Microsoft, Autodesk, and the American Society for Training and Development. Intrepid’s outsourcing services include learning strategy and analysis; curriculum design and development; instructor-led training delivery; vendor management; technology administration; and training evaluation, measurement, and reporting.
Intrepid also announced the addition of Eric Byunn to its board of directors. Byunn’s experience reportedly includes management roles with myCFO, America Online, Netscape, Microsoft, and McKinsey & Company.
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