NexPhase Capital’s Investment in Aztec Software

Lowenstein Sandler represented NexPhase Capital in the transaction.

NexPhase Capital, LP (“NexPhase”), an operationally-focused private equity firm, executed 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 included Christopher C. Henry (Picture), 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.

Involved fees earner: Revel Atkinson – Lowenstein Sandler; Batool Banker – Lowenstein Sandler; Jessica Billeter – Lowenstein Sandler; Taryn Cannataro – Lowenstein Sandler; Geena Caporale – Lowenstein Sandler; Deangeor Chin – Lowenstein Sandler; Sabrina Cua – Lowenstein Sandler; Andrew Erdmann – Lowenstein Sandler; Rebecca Glikman – Lowenstein Sandler; Christopher Henry – Lowenstein Sandler; Zarema Jaramillo – Lowenstein Sandler; Eric Jesse – Lowenstein Sandler; Manali Joglekar – Lowenstein Sandler; Sydney Kaplan – Lowenstein Sandler; Marc Kurzweil – Lowenstein Sandler; Julie Levinson Werner – Lowenstein Sandler; Judith Rubin – Lowenstein Sandler; Amy Schwind – Lowenstein Sandler; Theodore Sica – Lowenstein Sandler; Jack Sidorov – Lowenstein Sandler; Bryan Sterba – Lowenstein Sandler; Michael Walutes – Lowenstein Sandler;

Law Firms: Lowenstein Sandler;

Clients: NexPhase Capital;