Software maker helping colleges prevent dropouts lands funding without sacrificing equity

Story excerpt provided by Columbus Business First.

Written by Carrie Ghose.

An early-stage software company that makes college student advisers’ jobs more efficient so they have more time for actual counseling is using a jump in revenue helped by a 10-school federal grant toward product improvements and a sales push.

Aviso Retention’s 2016 sales were about 2.5 times that of 2015 – even before the grant launched; dollar amounts are not disclosed. The company, which backs up its software with consulting, is profitable but reinvesting all of it in hiring as it aims to hit 200 higher education customers within a few years.

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Originally published March 1, 2017.