YOUNGSTOWN, Ohio (Jan. 2, 2019) – Turning Technologies, the global leader for learning, engagement and assessment solutions, announced today that Centre Lane Partners, LLC, has acquired the company from Brockway Moran & Partners.
Founded in 2002, Turning Technologies makes engagement software and audience response technology to enhance learning experiences. Today, the company has sold over 20 million response solutions to K-12 schools, universities, businesses and government agencies worldwide. The company’s global headquarters and management team will remain in Youngstown, Ohio, and the company foresees hiring additional talent in key areas.
“We are thrilled about this partnership as Centre Lane provides Turning access to financial resources and technical expertise that will accelerate our momentum and expand the capabilities of our comprehensive learning platform,” said Ethan Cohen, CEO of Turning Technologies. “Our development plans are ambitious, and with Centre Lane’s support, we will achieve these goals sooner while continuing to delight clients with excellent solutions and service.”
“We are excited about the growth opportunities that we see with Turning Technologies. Our technical due diligence team has been extremely impressed by Turning’s operating practices and the architecture of its web offerings. TurningPoint, their comprehensive learning platform, is scalable and designed in a manner that will allow Turning to significantly expand its capabilities,” said Kenneth Lau, Managing Director of Centre Lane Partners. “Through our relationships and financial resources, we will provide a strong foundation for Turning Technologies to capitalize on the opportunities ahead of them.”
About Centre Lane Partners:
Centre Lane is a private investment firm focused on making equity and debt, control and non-control, investments in North American middle market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. Industries targeted for investment are broad and diverse with no industry excluded from our consideration. For more information, visit https://centrelanepartners.com/.