Thomas continued, “MDP’s education technology resource network and extensive experience supporting high-growth technology companies and organizations that utilize distributed sales channels make them an ideal partner for Lightspeed. The Company recently launched Lightspeed Systems Relay, the first and only all-in-one cloud filtering solution for school device management with support for every operating system, device type, and location. Lightspeed has been building and evolving technology for more than 20 years and serves over 15 million students worldwide. Lightspeed continues to benefit from the increasing demand for sophisticated, K-12-specific solutions and expand its presence in new and existing markets by offering market-leading, purpose-built software that filters, monitors and manages student web access, distributed devices and classroom activities. Terms of the investment were not disclosed. Together with MDP, they will seek to extend Lightspeed’s market leadership position and further penetrate the growing domestic and international K-12 web filtering and reporting, mobile device management and classroom management market in support of the Company’s mission to enhance student safety and maximize the benefits of education technology. Lightspeed’s existing management team will remain in place and have an ownership position in the company, as will the Company’s Co-Founders. Lightspeed systems has been criticized by students for its amount of content blocked by the system.AUSTIN, Texas-(BUSINESS WIRE)-Mar 29, 2019-Leading education technology solutions provider Lightspeed Systems (“Lightspeed” or “the Company”), announced today that it has received a strategic growth investment from private equity funds advised by Madison Dearborn Partners, LLC (“MDP”), a leading private equity firm based in Chicago. In March 2019, Lightspeed Systems released Analytics for reporting on apps, applications, and web sites used in schools. In April 2018, Lightspeed released Classroom, classroom management software which the company claims can monitor and control content loaded on devices used by students during class. Lightspeed Systems introduced its mobile-device management program, Mobile Manager, in 2013. In 2021 Lightspeed announced Alert, a product the company says uses AI and human review to identify threats of school violence or student self-harm. Lightspeed Systems advertises their Filter product as blocking "inappropriate" content, and a tool for CIPA compliance. Support for Mac OS, Windows and iOS was announced in 2018. It has since been renamed Lightspeed Filter. In 2017, Lightspeed announced the Relay Filter, a cloud-based filtering and device monitoring software package for school Chromebooks. In 2019, Lightspeed Systems received an investment from Madison Dearborn Partners. However, Inc.com did not list the company as part of the Inc 5000 after 2012. In 2012, Inc.com ranked the company #1855 out of the Inc 5000. It is headquartered in Austin, Texas with an office in Brentwood, Essex (United Kingdom). Founded in 1999 in Bakersfield, California, Lightspeed Systems, Inc., develops content filtering, mobile device management, and device monitoring software targeted to the education market.
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