Teakwood exits ExamSoft after four years


education_lrgPrivate equity firm Teakwood Capital has exited its investment in educational assessments software company ExamSoft.

Teakwood invested in ExamSoft alongside the company’s management team in June 2010.

Teakwood managing director Shawn Kelly said, “The team briskly grew revenues by expanding within its core markets while also developing new products to target large, adjacent markets.

“ExamSoft is a great example of the operational and strategic value Teakwood delivers by working closely with a portfolio company team to jumpstart growth and achieve its true potential.”

Two months ago Teakwood held a final close of $90m for its third fund, which initially targeted $75m.

The firm invests in technology-focused, profitable companies based in Texas with revenues below $25m.

earlier in 2014 Earlier this year the firm exited its minority stake in consumer debt purchaser Global Acceptance Credit Company.

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