LOS ANGELES, Calif., and ONTARIO, Canada – March 5, 2013 – Leading Capital SGPS (“Leading Capital”), a private holding with interests in IT Solutions, entertainment, and social media, announced it has entered into a definitive agreement to acquire SchoolRack, a web-based learning management system built to enhance communication outside of the classroom between teachers, students, and parents.
SchoolRack’s technology is strongly aligned with Leading Capital’s software strategy, and provides critical components to expand Leading Capital’s footprint in the growing education technology industry. SchoolRack has made significant strides in education since its inception in 2003, having grown its service to hundreds of thousands of teachers and millions of students worldwide. “When we started SchoolRack we had a vision for how Internet access in the classroom could change the way students learn,” commented Artia Moghbel, Founder and Chief Executive Officer of SchoolRack. “The combined companies only stand to accelerate this vision.”
“The addition of SchoolRack will help Leading Capital deliver more value to our partners.” said Ruben Dias, Chief Executive Officer of Leading Capital. “We’re excited about the Company’s potential in our portfolio of products.”
SchoolRack, based in Los Angeles, CA, will become a wholly owned subsidiary of Leading Capital.
About Leading Capital
Leading Capital SGPS was founded in 1992 as a private holding. In its twenty years of existence, Leading Capital has contributed towards the development of the IT and entertainment industries, with particular focus on remote support and cloud-based solutions, 3D series production and social engagement platforms.
Launched in November 2003, SchoolRack provides a learning management system through a web-based communication platform that brings teachers, students and parents closer together. By encouraging collaboration, SchoolRack provides a safe environment for students to learn, parents to participate, and teachers to educate.
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