NexPhase Capital-Backed Aztec Software Acquires iGrad

• Financial Wellness Platform Focused on Building and Retaining Wealth
•  Expands Aztec’s Comprehensive Suite of Solutions

Aztec Software (“Aztec”), a NexPhase-backed company and leader in educational software focused on adult education and workforce training and certification, announced the acquisition of iGrad, an award-winning, web-based financial literacy platform providing lifetime personalized financial wellness education and loan management resources. The addition of iGrad expands Aztec’s comprehensive suite of tech-enabled solutions to help drive individual advancement.

Founded in 2009, iGrad serves more than 1.2 million students across 500 schools and organizations nationwide today, including Arizona State University, Columbia University, NYU and the University of Kentucky, and has expanded its growing client base to include more than four million users across 300 financial institutions, a number of state and local government agencies and 20,000 employers nationwide, including the Commonwealth of Massachusetts, Franklin Templeton, the New Jersey Department of Treasury and Principal Financial Group. iGrad’s dynamic and comprehensive platform offers a suite of online, interactive tools and programs providing financial literacy and wellness information to engage and educate users and create a financially capable future. In the last year alone, iGrad has been recognized by Barron’s and Pensions & Investments for its contributions to improving the financial health and security of Americans and reducing financial stress by improving the money-management skills and financial knowledge of its end users.

HR Technology News: Helping Employers Attack Health Insurance Costs, ALICORN Launches AI-Powered CareChat Platform With E Powered Benefits

“We are excited to work with the talented, passionate team at iGrad, who share in our mission to make generational changes in the lives of adults, and to equip our clients with an understanding of how to keep and maintain wealth,” said Jonathan Blitt, CEO of Aztec Software. “This acquisition elevates our product ecosystem to include financial wellness initiatives, providing our clients the ability to understand debt instruments, assess liabilities and build plans to temper stress levels. Now is an ideal time to add these capabilities as our clients confront inflationary pressures and a changing macroenvironment in the U.S. We are also grateful for the continued support of the NexPhase team, who echo our belief that access to viable resources for individual betterment can have a major positive impact for generations to come.”

HR Technology News: Educational Results Partnership Proposes New Architecture to Improve Post-pandemic Educational and Economic Productivity

“We started iGrad with the sole mission of empowering students with the know-how to effectively manage money, limit and repay debts and begin successful careers, and as our client base has expanded, we have continued to focus on providing unparalleled offerings to help with their diverse needs,” said Rob LaBreche, CEO of iGrad. “As many Americans experience elevated financial stress as a result of increasingly complex financial burdens, we are thrilled to join Aztec’s like-minded team and expand our ability to provide individuals with dynamic tools enabling financial responsibility and independence in order to minimize stress levels and improve overall quality of life. We look forward to working with Jonathan and his team to continue to grow and empower more people across the country.”

As a wholly-owned subsidiary, iGrad will continue to be led by Mr. LaBreche and headquarted in San Diego. iGrad joins Aztec’s network of leading brands combining the benefits of innovative educational technology with the power of effective instructional programs for adult education, which includes Aztec Software, Paxen Publishing, Life Skills Education and PassAssured.

HR Technology News:  HR Technology Highlights – HR Tech Daily Round-Up For 4 October 2022