Corporate Finance Institute® (CFI) Announces Acquisition of Macabacus and Surpasses 4 Million Course Enrollments
CFI announces the acquisition of Macabacus, the first Microsoft Office add-in for finance professionals. The combined company creates the most effective platform for finance education and development.
VANCOUVER, BC, March 19, 2021 /PRNewswire/ – Today, Corporate Finance Institute® (CFI)the world’s leading provider of financial analyst training and certification programs, announced the acquisition of macabacus, creating the world’s most effective and in-depth online training platform. With a shared mission to help finance professionals become world-class players in their work, the combined platform represents the school of the future of finance: hands-on, practical and in step with the continuous changes in the sector. .
By bringing together CFI’s online skills training and certification programs and Macabacus’ complementary Microsoft Office productivity software, the combined entity offers the highest quality hands-on training and the leading toolkit for financial modeling, valuation, credit analysis, capital markets, business intelligence and data analysis.
As part of the acquisition, Elephant and Arthur Ventures have made additional investments in CFI, bringing in the company’s previously unannounced total funding raised in the United States. $48 million.
Banks, institutions, and finance teams across all industries and geographies are transitioning to modern financial analyst practices, while approximately 90% of all finance professionals lack certification or designation . Businesses and individuals are struggling to keep up with the growing breadth of knowledge required in the industry and the rapid adoption of technology solutions such as Tableau, Power BI and others.
CFI is now making it easier to solve this problem.
“Our mission is to help anyone become a world-class financial analyst. It requires more than training and certification; it also requires access to powerful new tools that give finance professionals an unfair advantage in performing their work,” said CFI CEO & Co. -Founder Tim Vipond. “By combining CFI’s world-class courses, training and certification programs with Macabacus’ leading add-ins for MS Office, we are now taking the definition of a ‘world-class financial analyst’ to a whole new level. »
CFI will bring together the offerings of both companies to create an integrated journey for students and active practitioners of finance where they can learn, explore and practice the most innovative and advanced financial analysis.
“I am extremely excited for our users. They will benefit so much from this combination with CFI, both in terms of the increased investment that will go into our products and the access they will have to CFI training,” said the founder. and CEO of Macabacus. Ryan MacGregor. “Our missions are aligned and we can have a much greater impact on the industry by combining our efforts.”
Vipond will lead the combined entity, which has already helped nearly one million students enrolled in more than four million courses learn about finance, and MacGregor will serve as executive vice president and chief product officer. The company is rapidly increasing its revenue, is profitable and employs around 50 people worldwide.
About Corporate Finance Institute® (CFI)
Founded in 2016, CFI is the world’s leading online finance training platform. The company’s mission is to help anyone become a world-class financial analyst. What started as one-to-one courses has evolved into a series of proprietary certification programs, including Financial Modeling and Valuation Analyst (FMVA)®, Commercial Banking and Credit Analyst (CBCA )™, the Financial Markets and Securities Analyst (CMSA)®, and the Business Intelligence & Data Analyst (BIDA)™. CFI has helped nearly one million students in 200 countries and territories gain the skills and certifications they need to pursue meaningful careers in finance. The company’s state-of-the-art learning platform enables individuals and businesses to quickly develop their skills in accounting, finance and related fields as they progress through career paths. learning to become world-class financial analysts in specialized areas. CFI’s website attracts more than seven million unique visitors per month. For more information, please visit https://corporatefinanceinstitute.com
Macabacus was founded in 2008 by Ryan MacGregor, former investment banker at Lehman Brothers and Credit Suisse. Macabacus develops reliable add-on solutions that dramatically increase Office productivity and are used worldwide by finance professionals and others working in multinational corporations, global investment banks, Big 4 accounting firms , corporate finance teams and many more. Macabacus has tens of thousands of monthly and annual subscribers. For more information, please visit https://macabacus.com
About the Elephant
Elephant is a venture capital firm founded in 2015 that invests in the enterprise software, internet and mobile phone markets. The elephant rose above the United States $900 million and is a leading investor in e-learning companies, with a portfolio that includes CFI, A Cloud Guru, KnowBe4 and another unannounced leading e-learning platform.
About Arthur Ventures
Situated at MinneapolisArthur Ventures directs investments in high-growth, capital-efficient B2B software companies in all regions of the world. North America. Arthur Ventures raised $300 million and has invested in e-learning companies such as Cybrary, DataCamp and Linux Academy.
Luke TurnerMarketing Manager
corporate finance institute
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SOURCE Corporate Finance Institute (CFI)