Futuremedia, an e-learning content and services provider, issued a convertible note worth $2.5 million to private investment firm Cornell Capital Partners.
Futuremedia is a leading provider of next-generation, value-driven e-learning content and services to public and private sector organizations. Backed by two decades of experience, the Company's content and services offerings include learning consultancy, Learning Management Systems, custom made learning programs and an extensive library of published courseware titles. The Company is also recognized as a pioneer and leader in the development and delivery of a range of fully managed, outsourced employee benefit programs for large organizations, including products and services falling under the UK's Home Computing Initiative (HCI), childcare voucher system and tax-free bicycle programs.
Cornell Capital Partners is a $4 billion private investment firm founded in 2013 by Henry Cornell, the former Vice Chairman of Goldman Sachs’ Merchant Banking Division. With offices in New York and Hong Kong, we focus on investments in the consumer, industrial/ business services and financial services sectors, often with a cross-border angle. The highly-seasoned leadership team has decades of shared investing experience, offering advantages in sourcing, structuring and executing a broad range of investments.