PR Newswire | September 28, 2023
Today, Vernier Science Education, a leading provider of innovative science and STEM education solutions, announced a significant organizational shift that will chart the course for its mission and values for the foreseeable future. The company will evolve from partner-owned to being owned by a Perpetual Purpose Trust. This allows Vernier Science Education to ensure values-aligned ownership succession and uphold its core mission and values indefinitely, ensuring that its social and charitable objectives remain a priority in perpetuity, securing the futures of its valued employees, and reinvesting profits back into the business while sharing benefits with employees, customers, and communities alike.
The Perpetual Purpose Trust is a bold and innovative approach that aligns perfectly with Vernier's vision of serving educators, students, the STEM community, and communities at large. The decision to reevaluate and reimagine Vernier's ownership model and long-term commitment to its mission comes as John Wheeler, the CEO of Vernier Science Education, prepares to step back from day-to-day activities, ushering in a new era of innovation and purpose-driven sustainability for the company.
"Our decision to reevaluate our business and establish a Perpetual Purpose Trust stems from our unwavering commitment to STEM education and sustaining the values and principles that have defined Vernier for decades. This transformational shift will enable us to secure the future of our employees, reinvest in our business, and continue our mission of creating a STEM-literate society," said Wheeler. "I am honored to continue to guide our work during this transition, and I look forward to the remarkable achievements that lie ahead for Vernier Science Education."
Wheeler will remain in his position as CEO until a nationwide search identifies a replacement. He will continue to be active in Vernier Science Education providing guidance and leadership to the organization and supporting the new CEO.
The transition from partner-owned to Trust-owned will be funded by both gifting and purchase of shares from current Partners. Dave and Christine Vernier, the company's co-founders and key figures in its success, will remain actively engaged in the Vernier Science Education family, offering their invaluable insights and support as the company embarks on this exciting new chapter.
"Vernier Science Education has always been driven by a deep commitment to advancing STEM education. As we transition to a Perpetual Purpose Trust, we're reaffirming our dedication to our mission and values, and commitment to staying a local independent Oregon-based company for generations to come," said Dave Vernier. "Christine and I are excited to continue contributing to the Vernier family and witnessing the positive impact this strategic move will have on educators, students, and the STEM community. This is how we pay back the years of success our organization has had and give back to our community."
By establishing a Perpetual Purpose Trust, Vernier Science Education joins other socially-conscious organizations, foundations, and companies committed to long-term sustainability, fostering a sense of purpose that extends far into the future.
About Vernier Science Education
Vernier Science Education is a leading provider of innovative solutions for STEM (Science, Technology, Engineering, and Mathematics) education. For over four decades, Vernier has been dedicated to supporting educators and inspiring students to explore and understand the world of science. With a commitment to quality, Vernier's comprehensive range of data collection and analysis tools, along with its educational resources, empowers educators to facilitate engaging and hands-on learning experiences. To learn more, visit vernier.com.
PR Newswire | September 12, 2023
Meazure Learning, a premier provider of full-service test development and delivery solutions for higher education and professional testing, announced today the acquisition of Examity, a leader in online proctoring for academic and credentialing programs. The acquisition allows Meazure Learning to expand its global footprint and strengthen its position as a leading provider of secure, user focused exam administration solutions.
Meazure Learning and Examity share a common commitment to creating the most innovative testing solutions and providing an exceptional client experience. The combination of the companies' extensive expertise in the higher education and credentialing verticals paired with industry-leading secure proctoring technologies and global operational footprint gives Meazure Learning the opportunity to bring a new level of proctoring scale and flexibility to testing programs around the world. By combining these strengths, the company seeks to set a new standard in exam security and provide a better user experience for its clients and test takers.
"I am thrilled at the opportunity Meazure Learning's acquisition of Examity will bring to our clients and the broader industry," said Jim Holm, CEO of Examity. "Examity clients will now have access to leading test development and psychometric services, exam delivery solutions, and a global network of test centers in addition to the powerful combination of our proctoring technologies."
"The acquisition of Examity goes beyond combining the resources of two companies," said Tim McClinton, CEO of Meazure Learning. "Unifying our two companies can position us to set a new standard for security, scalability, and innovation in the testing industry. In addition to the business opportunities created through this transaction, Meazure Learning and Examity share an inherent culture of excellence that makes us a good fit to move forward together. Our teams have been, and will continue to be, maniacally focused on our clients, providing exceptional service and building long-term relationships founded on integrity and innovation."
About Meazure Learning
Meazure Learning provides secure, reliable, and convenient test development, administration, and delivery solutions for academic and professional credentialing programs. The tech-enabled services company combines human expertise with end-to-end software solutions to provide its suite of services and achieve the optimal testing experience. With remote, test center, hybrid, and event-based delivery capabilities, it adapts to the unique needs of each exam program and test-taker. Meazure Learning empowers its clients, test-takers, and industry leaders through its mission to move people forward in their educational, professional, and personal lives. To learn more, visit Meazure Learning at meazurelearning.com.
Examity was founded to meet the needs of colleges, employers, and certification providers looking to ensure integrity. Since its founding ten years ago, Examity has partnered with hundreds of institutions and certification programs worldwide to provide a cost-effective and flexible online proctoring and learning validation solution. For more information, visit examity.com.
PR Newswire | October 12, 2023
Venbrook Group, LLC ("Venbrook"), one of the largest independent insurance distribution and services firms in the U.S., today announced the formation of a national Higher Education division to bring a holistic approach to risk management solutions for K-12 schools, universities, faculty, staff, and students for all their insurance needs. The new division falls under Venbrook's Employee Benefits vertical, led by Alison Myers ("Myers"), Executive Vice President.
Venbrook's new Higher Ed division will tailor customized risk management solutions for campuses across the U.S., helping schools identify insurance needs and relieve staff from the complexity and administration of policy implementation. The new division brings together the expertise of Venbrook's risk management team for all lines of coverage for K-12, community colleges, and private and public universities nationally. The Division will also employ a fully integrated technology solution to assist with implementation, policy, and claims management, as well as providing an accessible member-facing portal focused on engagement and care management.
Assisting Myers is Mike Conway, long time industry veteran, who joins Venbrook as the new Head of Strategy & Business Development. Conway has more than 20 years of experience in student insurance and was part of the student insurance team at Aetna, as well as being part of Anthem's student division. Conway will focus on the strategic direction of the division and help grow the national footprint of the company's Higher Ed offering.
In my experience, one of the biggest challenges facing schools is reaching students to connect them to the right health, wellness and insurance programs they need, said Conway. We want to make health and wellness a priority, alongside school staff, so students reach their academic goal of graduation. And we want to make sure campuses and their staff's insurance needs aren't overlooked. This new program will bring a whole campus solution to schools and I couldn't be more thrilled to join Venbrook and bring this program to market.
"We are excited about the launch of our Higher Ed division and bringing Mike on board to grow our platform," said Myers. "The market is in need of a holistic approach to insurance for schools, students, and faculty. Our investments in infrastructure and the build out of our new technology platform will help alleviate the administrative burden for schools, while providing a seamless solution for students."
Venbrook Group, LLC is a holdings company with subsidiaries engaged in retail broking, wholesale broking, specialty programs, and claims services. Venbrook caters to a national client base across myriad industries with divergent needs. Venbrook's team of experts and industry specialists' partner with their clients to manage their risks, create security, promote growth and add value by delivering best-in-class insurance products and programs.