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Orbis Education Secures $8.0 Million in Funding for Expanding Online Nursing Education Platform
Date:1/19/2010

INDIANAPOLIS, Jan. 19 /PRNewswire/ -- Orbis Education, a developer of nursing education solutions, has announced the completion of its $8 million Series B financing, led by Lightspeed Venture Partners of Menlo Park, California.  The funding will allow Orbis Education to broadly expand its hybrid online nursing education programs and, in turn, help alleviate the nation's wide-spread nursing shortages.

Led by an experienced team of education and healthcare veterans, Orbis Education works with colleges and universities to develop online nursing programs, recruit new qualified students, and manage the delivery of these programs.  Orbis's current partners include innovative leaders in the nursing education and healthcare fields, including San Diego State University, the University of Oklahoma, Marian University, Sharp HealthCare, St. Vincent Health, and Glendale Adventist Medical Center.

"The next decade will be extremely important in the quest to combat the nursing shortage," said Daniel J. Briggs, Chief Executive Officer of Orbis.  "This new infusion of capital by Lightspeed will allow Orbis Education to broadly deliver one-stop educational services to healthcare organizations and universities looking to recruit and graduate more qualified nurses, more quickly."  

"Orbis has an innovative and cost-effective model for helping nursing schools expand student capacity and generate a high-quality pool of nursing graduates," according to Andrew Chung, a Principal at Lightspeed Venture Partners who will take a seat on the company's board of directors.  "Orbis offers a timely solution rooted in proven learning methodologies to a societal problem that w
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SOURCE Orbis Education
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