The co-founders started receiving a whole lot of curiosity of their enterprise starting about 18 months in the past — largely as a result of the digital studying house was flourishing coupled with the pandemic-induced shift within the working world as firms started having a hybrid work or work-from-home schedule, she mentioned.
In June, they started working with Transact Capital Companions, a Henrico-based mergers and acquisitions advisory agency, to hunt potential consumers.
They acquired curiosity from greater than 50 firms or personal fairness companies and took conferences with eight of these companies who have been bidding on Blue Ocean Mind, Herring mentioned. “We included folks from Silicon Valley and the West Coast, so to be a software program firm right here in Richmond and see these of us taking an curiosity was fairly, fairly cool,” she mentioned.
The co-founders chosen HSI. The deal closed Nov. 19.
HSI gives e-learning content material, coaching options, and cloud-based software program for companies to coach and develop staff. The corporate, which is majority-owned by personal fairness agency Waud Capital Companions, has acquired three different firms centered on worker skilled growth and coaching.
Blue Ocean Mind’s enterprise mannequin suits in with HSI’s progress targets, Herring mentioned.