April 23, 2018

Achieve3000 Announces Stuart Udell to Join Company as Chief Executive Officer

Stuart Udell will join Achieve3000 as CEO to add strong operational experience to the company's management team and further its mission to provide equity of access to all learners.

Lakewood, NJ, April 23, 2018 – Achieve3000, the leader in differentiated instruction, announced today that Saki Dodelson has stepped down as CEO of Achieve3000 and Stuart Udell will join the company as CEO, effective April 30. With this announcement, Achieve3000 will add strong operational experience to its management team to further its mission to provide equity of access to literacy instruction so all learners can achieve college and career readiness. Ms. Dodelson will remain involved in the company as a major shareholder.

“With Saki’s support, I am thrilled to bring Stuart on to lead the next chapter of growth at Achieve3000,” said Adam Berger, Chairman of the Achieve3000 Board and Managing Director of Insight Venture Partners, a majority investor in Achieve3000. “Stuart is passionate about the mission of educational equity and comes with broad experience using technology to bring education solutions to diverse learners. He has an impressive track record of managing big teams to meet lofty goals, around both student outcomes and business success.”

Mr. Udell brings more than 25 years of K-12 focused experience to Achieve3000. Most recently, Mr. Udell was CEO at K12 Inc., a publicly traded operator of virtual charter schools. Prior to that, he served as Chairman and CEO of Catapult Learning; CEO of Penn Foster; Division President at Renaissance Learning; and President of Kaplan K12 Learning Services. Mr. Udell serves on the boards of the National Dropout Prevention Center, the Successful Practices Network, and the Foundation for Blended and Online Learning.

Mr. Berger praised Ms. Dodelson for her unparalleled success “as an entrepreneur who set out to change the world and actually did so.” He continued, “Saki led Achieve3000 from an idea to a global business, helping millions of kids and adults to read and improve their lives forever. Saki is in rare air. She now joins an even more elite club of entrepreneurs who step aside confident that their hand-picked, next generation of leaders can grow from the foundation they have built.”

Mr. Udell said, “I am humbled to take the reins from Saki Dodelson, who has built an incredible company. Saki is a brilliant entrepreneur who has created real value in helping diverse students make meaningful learning gains. Her day-in, day-out communication with her customers and close relationships with educational thought leaders has allowed Achieve3000 to stay on the cutting edge. I couldn’t be more excited to join Achieve3000 and partner with a great team to further the company’s mission and drive continued growth. I look forward to building on Achieve3000’s success.”

About Achieve3000

Achieve3000 is the leading literacy platform in today’s blended learning programs, with cloud-based solutions that serve nearly three million students worldwide. Based on decades of scientific research, Achieve3000’s patented and proven differentiated instruction for grades PreK-12 and adult education reaches all students at their individual reading levels (with 12 levels in English and 8 in Spanish) to accelerate learning, improve high stakes test performance, and drive college and career success. Learn more at www.achieve3000.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

Lydia Morris
SVP, Marketing


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