CAMPELL, Calif., Nov. 1, 2016 /PRNewswire/ -- HotChalk, Inc., a leading provider of data-driven software platforms supporting online education, today announced that Larry Lenhart has joined the company as its new CEO. He succeeds Edward Fields, who will continue to support HotChalk as Chairman of the Board.
HotChalk has become a leading online education platform company experiencing significant growth in the online education market. HotChalk's technology, developed with the belief that "Every Mind Matters", has delivered an 80% graduation rate for non-profit partner schools.
Edward Fields said, "I have known Larry for over five years and am excited that he is succeeding me as CEO of HotChalk. I wish him all the best in his new role and know that the company is in the best possible hands with him. As an experienced education and technology expert, he will do an excellent job leading and further developing HotChalk."
Lenhart brings more than twenty years of executive leadership experience in high-growth technology companies and higher education. He previously served as an Operating Partner at Mohr Davidow Ventures, where he was the CEO for a number of technology companies, resulting in three successful acquisition exits and an IPO. Before his CEO experience, Lenhart was a managing partner at Deloitte Consulting and at AT Kearney, where he provided strategic and operational expertise across the globe. Lenhart has also served as member of the Board of Trustees at his undergraduate school, Emory and Henry College.
"We are thrilled to have someone of Larry's caliber and experience to propel HotChalk through its next stage of growth," said Kay Krafft, CEO of Bertelsmann Education Group, the largest single stockholder of the company. "He has a proven track record of leading companies through accelerated expansion and growth. Larry has demonstrated a keen ability to identify the core strengths of a company and utilize them to execute long-term strategic plans to seize new opportunities."
"I am excited to join HotChalk at such an opportune time in its history," said Lenhart. "The company has exceptional data science and delivery technology, an impressive depth of talent, a solid base of academic partners, and a strong pipeline of opportunities. We are quickly becoming the trusted education platform that enables our partnering colleges and universities to serve the ever growing and constantly changing education market. I greatly look forward to working with HotChalk's team alongside its academic partners."
HotChalk delivers its online education platform in a software-as-a-service model, which enables partnering non-profit universities and colleges to provide services to faculty and students online. Making great schools be great online, HotChalk's solutions power all phases of the new education paradigm: recruitment of students, student support services, faculty recruitment and support services, technology, curriculum development and data science.
For more information, please visit www.HotChalk.com.
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