Classter Announces Strategic Investment from Odyssey Jeremie Partners

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Greece, February 19, 2016 – Vertitech, the Greek provider of school and learning management software, announces today an investment of 550.000€ led by Odyssey Jeremie Partners, a fund that helps emerging Greek Information and Communication Technology (ICT) companies address global markets.

The investment will be used to accelerate the global expansion of Classter, the company’s software suite and to deliver product enhancements. Classter is a unified school management solution, giving any educational institute the power to manage their academic, finance, transportation and library operations with measurable results and to build updated communications with controlled access for teachers, students and parents. As an end-to-end school and learning management solution, Classter invests in developing the infrastructure that will enable educational institutions to easily implement adaptive learning methodologies and open their organization to the educational community using cloud and mobile technologies. Vertitech has a significant experience in school information and management systems. In 2011 the company launched its first educational management solution and till today it has built a clientele of over 300 diverse educational institutions in Greece alone.

Mr Nikolaos Nikou, Founder and CEO of Vertitech commented on the investment: “Vertitech’s vision is to inspire educational leaders and communities to work more effectively and efficiently; to create "The education way of life". We strongly believe that learning should be fun, personalized and schools should be open and transparent to the whole educational community. Our efforts aim to support educational institutions and help them provide better education to their students. The investment from Odyssey Jeremie Partners enables us to continue evolving Classter on cloud and allows us to expand in international markets. Our corporate results and our passion for the educational technology industry were key to this funding and are the assets that will ensure our future growth.”

Mr Spyros Trachanis, of Odyssey Jeremie Partners, commented: “We see tremendous opportunities in Classter. Technology will be driving dramatic changes in the educational sector, in the way schools are organized and the way knowledge is provided. Classter supports this transformation of the education and offers exceptional services to diverse educational institutions. Our investment will help Vertitech S.A. extend their product capabilities and build a business internationally”.

About Vertitech S.A.

Vertitech is a provider of Classter, an innovative school and learning management software. The company holds a leading position in Greece with over 300 diverse educational institutions. Using Microsoft Technologies, Vertitech offers end-to-end infrastructure for schools built on cloud and mobile services, specifically designed and customized for any business. To learn more visit www.classter.com

About Odyssey Jeremie Partners

Odyssey Jeremie Partners invests in Greek information and communication technology (ICT) start-ups addressing global markets. The team combines venture capital investing experience and extensive international executive management experience in the ICT sector. Operating from offices in Greece and Silicon Valley, their objective is to work closely with the teams they invest in. Learn more at www.odysseyvp.com

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