Penn Foster Recognized as a Top 50 Growth-Stage Company in Education Sector Achieving Impact at Scale
SCRANTON, PA, (September 7, 2016) — Penn Foster Inc., a for-purpose organization providing skills development training, credentials and employment matching for today's frontline workforce, has been recognized as a 2016 Tyton Growth50 company. The Tyton Growth50 celebrates innovative organizations achieving impact at scale through a combination of strong financial performance; market awareness and adoption; and demonstrated customer outcomes across the preK-12, postsecondary, corporate training, and consumer education markets. As one of 50 organizations selected this year, this achievement marks a significant milestone in Penn Foster's evolution.
"On behalf of our management team, our employees, our partners and especially our students, I am very proud to learn that Penn Foster has been named a Tyton Growth50 company," said Frank Britt, president and CEO, Penn Foster, Inc. "This designation underscores the growing recognition of our success in fulfilling a commitment to work with employers and partner organizations to provide students the skills and knowledge they need to thrive in the 21st century workforce."
Each year, experts on the Tyton Partners team review nominated companies in the space, evaluating each against the Tyton Growth Framework to narrow the field. That analysis is used to select the 50 companies that best exemplify the impact, engagement, awareness and sustainability necessary to have lasting impact.
"Early-stage investment in education remains strong, but we often lose sight of what happens to these companies after initial funding," noted Adam Newman, Co-founder and Managing Partner at Tyton Partners. "Companies selected for this year's Tyton Growth50 are exemplars for understanding the transition from early- to growth and later-stage businesses, making that transition successfully and achieving impact at scale across a variety of segments of the education market."
About Penn Foster
Students, employers and partner organizations rely on Penn Foster to build the skills and knowledge to power the 21st century workforce. For over 125 years, Penn Foster has been dedicated to helping people lead more meaningful and productive lives and to improving social outcomes through education. Penn Foster provides career pathways for opportunity youth and adult learners through diverse and affordable online diploma, certificate and degree programs, offered via its high school, career school and college. With more than 30,000 graduates each year, Penn Foster's online and blended learning programs are delivered in a self-paced, competency-based model wrapped by comprehensive academic, professional and personal support and coaching. For more information, visit http://partners.pennfoster.edu/.
About Tyton Partners
Tyton Partners is the leading provider of investment banking and strategy consulting services to the global knowledge sector. The firm has offices in Boston and Stamford (CT), and an experienced team of bankers and consultants who deliver a unique spectrum of services from mergers and acquisitions and capital markets access to strategy and market development services that helps companies, organizations, and investors navigate the complexities of the education, media, and information markets. Tyton Partners leverages a deep foundation of transactional and advisory experience and unparalleled level of global relationships to make its clients' aspirations a reality and catalyze innovation in the sector. For more information visit www.tytonpartners.com or follow us @tytonpartners.