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NAPLES — A Connecticut technology firm has acquired a stake in Nervanix, an education technology company founded by entrepreneur Adam Hall.
SS&C Technologies Holdings of Windsor, Conn., says it purchased an interest in Naples-based Nervanix. In addition, SS&C signed a sales and service agreement with the education-technology company and Hall will join SS&C's management team. Terms of the deal were not disclosed.
“We are excited to invest in a technology company at the forefront of adaptive learning,” says Bill Stone, chairman and CEO of SS&C Technologies, in a statement. “Nervanix products are cutting edge and employ the concept of attention adaptivity, a method which uses a learner's attention to create a more effective and efficient training experience.”
Approximately 10,000 financial services organizations manage and account for their investments using SS&C's products and services. Together, these clients manage more than $44 trillion in assets. SS&C says it plans to combine Nervanix's products with its financial services cloud-based learning platform, Zoologic Learning Solutions.
“I'm thrilled to join the SS&C team and look forward to helping the company create the next generation of learning innovations,” says Hall, in a statement. “SS&C's tremendous strength in financial services learning and training, along with its leadership position in financial technology, not only will accelerate Nervanix's vision, but also provide SS&C's customers with a powerful, integrated solution to transform their end-to-end customer experience.”
You can read a story about Nervanix in the Business Observer by clicking here.
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