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New Tech Spin-Out Brings Enterprise-Quality Tools to EdTech and Consumer Market

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FOR IMMEDIATE RELEASE

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Yui+Company, Inc.
Jeanne Segal 202-271-8880, segaljeanne@gmail.com                                                Ellen Yui 301-270-8571, ellenyui@yuico.com

New Tech Spin-Out Brings Enterprise-Quality Tools to EdTech and
Consumer Markets

Verite Educational Systems offers easy-to-use, multi-platform software for schools and home

Dulles, Va., August 18, 2014 — Verite Group Inc. announces the spin-out of Verite Educational Systems Inc. to design and market enterprise-quality technology tools to educators and families who together are raising the next generation of digital citizens.

Verite Educational Systems will serve the educational technology market, which in the first quarter of 2014 saw total investment of more than US$500 million. Currently embarking on its Round A financing, the spin-out launches with US$1.3 million in seed funding provided by its management team and Taher Behbehani, high-tech entrepreneur and corporate executive.

Led by a team of experienced technologists from Verite Group who are compelled by their shared passion as concerned parents, Verite Educational Systems will build innovative, multiplatform and easy-to-use tools for teachers and parents to nurture the next generation of digital citizens and help children thrive online. For more than a decade, Verite Group has provided Subject Matter Expert (SME) services and tailored technology solutions to large corporations
and government clients.

Verite Educational Systems will bring fresh leadership to the EdTech sector, which is grappling with a variety of issues, including the rise of Internet exposure in early childhood, increased utilization of technology in K-12 education, and the market’s complicated and fragmented array of offerings that only play catch-up to the deluge of new websites and apps.

“Ten years ago, it was easy to manage my older children’s time online. It’s much different now with my middle-schooler,” said George Dotterer, CEO and co-founder of Verite Educational Systems. “When shopping for Internet security software for my home, I was dismayed to discover that schools and parents did not have access to a solution anywhere near the quality of those designed for my clients. My colleagues and I decided to pool our talents and extend our
expertise to schools, parents and children who, increasingly, operate in a high-tech world.”

Offering a combined 40 years in network security, Verite Educational Systems will set a new market standard by designing highly sophisticated Internet management solutions that will be intuitive and easy to integrate into existing systems. The company’s team of six technologists and systems designers work at the intersection of technology, operations and data analysis, enabling them to design and build solutions that combine emerging technology, proven results and expert know-how.

“To design highly-secure systems, we stay abreast of looming threats so we can fortify against them,” explained Dotterer. “The average school administrator, teacher or parent shouldn’t need a PhD in IT to protect their children from the dangers and distractions of the Internet. We’ll have that covered.”

The company’s inaugural product, NetRef, will roll out in schools in fall 2014 and to families in Spring 2015. The Internet management solution empowers educators and parents to set the boundaries kids need to use the web safely. NetRef can help children focus and manage their time online productively whether they are at school, at home or on the go. During a successful beta roll-out at a large high school in the Washington, D.C. metro region earlier this year,
Verite’s team collaborated closely with teachers, administrators and IT leaders to incorporate user feedback into the product to fine tune and enhance NetRef’s functionality. More than 2,000 teachers, school administrators and IT specialists previewed the new technology during a “sneak peek” presentation at the International Society for Technology in Education (ISTE) annual conference in June.

Get schooled in NetRef at www.net-ref.com, and on Twitter @NetReferee

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