Destiny Solutions Receives Investment from The Riverside Company
We are very pleased to announce a recent investment in Destiny Solutions from The Riverside Company.
We are excited about working with The Riverside Company because they are a growth-oriented investment firm that partners with companies similar to Destiny to help them accelerate growth via new product development, sales and marketing investment, and geographic expansion. The Riverside Company shares our vision for the future of higher ed and is all about investing in companies that are already ‘doing it right.’ They do not aim to change or redirect products or companies, but rather provide the stimulus needed to accelerate growth and improvement. This will be crucial as Destiny grows with new clients and continues to expand its product development and customer support.
“Destiny Solutions serves a large and growing market across North America,” said Riverside Managing Partner Loren Schlachet. “The market is demanding a way to efficiently manage this large and growing student population, and a market-leading solution like Destiny’s has extensive growth avenues.”
At the core, this means that Destiny will be able to continue to advance the product, service, and community that we have always been proud to provide. Destiny is committed to ensuring that all our customer commitments and obligations continue without interruption. In fact, this investment will provide a host of benefits for our customers, including accelerated maturation in product delivery, continued improvements in customer success, and additional module development.
One of our core values is that ‘we only succeed when our customers succeed’ and this investment (and the deep analysis that went with it) is an acknowledgement that we are all on the right path.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 530 transactions. The firm’s international portfolio includes more than 80 companies.
Visit www.riversidecompany.com to learn more.
Last updated: July 9, 2018