Carnegie Speech announces new CEO and closes a $3.4M round of financing

Intelligent language learning company Carnegie Speech has announced the appointment of Paul Musselman as their new CEO.  The appointment comes on the heels of Carnegie closing a $3.4 million round of series B financing.

Mr. Musselman joins Carnegie Speech with more than 15 years of executive management and global experience in strategy, corporate development, finance and sales.

“English is the world’s language, and there is no company that can teach the world more effectively, efficiently and globally than Carnegie Speech.  With a potential market measured in billions of people wanting to speak and understand English, there are few opportunities like the one that Carnegie Speech has before it,” Mr. Musselman said in a press release.  “The passionate team at Carnegie Speech has developed a teaching company’s technology that is far and away best-in-breed, and is already serving more than 110 corporate and institutional/educational customers worldwide.”

The round of financing, led by Golden Seeds and Osage Venture Partners, is expected to be allocated to increase sales and marketing efforts in the U.S. education sector, and international enterprises in the technology, call center and aviation industries.

“As the demand for proficient English speakers continues to grow in the global market, we see a major opportunity for a technology that can deliver significant business impact and help stimulate local economies,” said Nate Lentz, Managing Partner of Osage Venture Partners.

Source: PR Newswire