WASHINGTON, DC, Aug. 28, 2024 (GLOBE NEWSWIRE) — StraighterLine, an online education pioneer offering flexible, affordable post-secondary courses and industry degrees, today named Matt Hulett as CEO. With three decades of experience leading high-growth companies in the education technology and consumer sectors, Hulett brings a wealth of expertise to lead StraighterLine’s next phase of expansion and innovation.
As President of Rosetta Stone, Hulett was responsible for the transformation and growth of the company’s language business, resulting in two significant liquidity events, each of which delivered significant returns to shareholders. Hulett is a seasoned technology executive with experience building and leading world-class digital consumer and B2B companies. Hulett has driven growth for companies in both the private and public sectors, including Rosetta Stone, Expedia, RealNetworks and PetMeds.
“I am incredibly excited to join StraighterLine. I am personally passionate about expanding access to educational opportunities for as many learners as possible,” said Hulett. “As education continues to evolve, StraighterLine is uniquely positioned at the intersection of students, institutions and businesses to play a critical role in shaping the future of learning by providing affordable, flexible and high-quality pathways to college credit and degrees. I look forward to working with the team to build on the company’s strong foundation and create an even greater impact for our learners, partners and stakeholders.”
Founded in 2008 by Burck Smith, StraighterLine was the first non-university institution to offer highly affordable, high-quality online courses that were recognized by the American Council on Education (ACE) as transferable college credits.
“Matt’s passion for education, coupled with his extensive experience scaling growth companies, particularly in Ed Tech, makes him the ideal leader for StraighterLine at this pivotal moment in higher education,” said Burck Smith, Founder and Chairman of the Board of Directors of StraighterLine. “We are excited to leverage his expertise to drive positive outcomes for students and universities.”
Over 350,000 learners have taken StraighterLine’s affordable and flexible courses for post-secondary education and transferred their credits to over 3,000 accredited U.S. colleges and universities. StraighterLine partners with colleges and universities to help them overcome enrollment and retention issues by offering their students flexible course options that allow them to learn on their own schedule and at their own pace.
StraighterLine has been in the market since its partnership with BV Investment Partnersa middle-market private equity firm with expertise in education technology. In 2022, StraighterLine acquired ChildCare Education Institute (CCEI), one of the largest online training providers for early childhood education (ECE) professionals. In 2024, StraighterLine expanded further in the ECE space by acquiring ProSolutions Training. Each year, hundreds of thousands of StraighterLine, CCEI, and ProSolutions Training learners take online courses or certification programs to earn degrees or train for new careers.
“I am very excited about the future of StraighterLine. There is a critical need to empower students and professionals to achieve their educational goals faster while providing them with a financially affordable path to success,” said Hulett.
To learn more about StraighterLine, visit www.straighterline.com.
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About StraighterLine:
StraighterLine is the leading provider of high-quality, affordable online courses that help learners earn transferable college credits and achieve their career goals. In 2022, StraighterLine acquired Institute for Childcare Education (CCEI), one of the largest online training providers for early childhood education (ECE) professionals. In 2024, StraighterLine expanded further in the ECE space with the acquisition of ProSolutions training. Each year, hundreds of thousands of StraighterLine, CCEI and ProSolutions Training learners take online courses or certification programs to train for new careers or earn degrees from over 3,000 colleges and universities worldwide. StraighterLine works with higher education institutions and corporate partners to provide their students and employees with flexible education options that allow them to work and learn at their own pace. For more information about StraighterLine, visit www.straighterline.com.
