Former ACT CEO Richard Ferguson invests in Iowa education startup

January 22
5:44 AM 2014

Coralville-based education startup Higher Learning Technologies (HLT) has gained a couple of high-profile investors from eastern Iowa, according to Press Citizen.

On Tuesday, HLT officials announced that it had secured investment from former ACT Chief Executive Officer (CEO) Richard Ferguson. Earlier in January, the firm also announced an investment from Cramer Development CEO and founder Josh Cramer. However, the said officials did not disclose the amount of the investment they received, the report explained.

HLT is a company that makes test preparation software for advanced examinations such as the Dental Boards Mastery. The latter is equivalent to the law school's bar exam. Launched last year, the firm has won several pitch contests in Iowa and is on its way to gain more than 1 million users globally, the report detailed.

Co-founders Adam Keune and Alec Whitters said in a joint statement about HLT's new investors: "We are thrilled to have Josh Cramer and Dr. Ferguson join our team," they said. "We view them as game changers who can significantly amplify our efforts."

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