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News & Events | PRESS RELEASE - June 11, 2014

Top California Charter School Service
Providers Join Forces

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Adam Miller
Senior Vice President of Strategic Partnerships
EdTec Inc.
(510) 663-3500 x 337

EdTec and CharterWorks to Expand Commitment to Providing High-Quality and Cost-Effective Services for Charter Schools

Emeryville, CA - June 11, 2014 - California's leading providers of public charter school financial management and operations services, EdTec Inc. and CharterWorks, today announced their partnership beginning this upcoming school year. EdTec and CharterWorks have each grown in reach and impact year after year, and together are combining nearly 20 years of experience in the charter school sector, serving more than 300 charter schools across the state of California.

"As EdTec joins forces with CharterWorks, the entire EdTec team and I welcome CharterWorks to our talented and committed family," said Steve Campo, President and CEO of EdTec. "As peers dedicated to providing the highest-quality professional services to charter schools, we have always had the highest respect for Kristin Dietz, her team, and the work that they do on behalf of many Southern California based charter schools. We look forward to combining our experience to give our collective clients broader and deeper services, while continuously finding new and better ways to meet their increasing needs as the charter school movement continues to expand in California and nationally."

EdTec was founded as a mission-based organization in 2001 on the realization that charter schools need specialized operational skills and expertise in a multitude of areas but that it is often not economical or practical to hire that staff internally. EdTec's team, consisting of more than 50 top-caliber professionals, exclusively focuses on delivering the highest value charter school support services and expertise to independent charter schools, multi-site charter school organizations and charter school developers seeking to open new schools.

By combining their expertise under the EdTec umbrella, EdTec and CharterWorks will offer more charter schools, statewide and beyond, deeper and more sophisticated financial management and operational support. The partnership will accelerate economies of scale towards the goal of lowering the costs of high-quality service to better enable charter schools to focus on their primary mission of increasing educational options and improving outcomes.

"When I founded CharterWorks back in 2009, my mission was to provide the highest-quality back-office services and foster a better environment for innovative educators to focus on the students," said Kristin Dietz, Founder and CEO of CharterWorks. "Joining forces as a part of EdTec will allow us to take this mission one step further by drawing on EdTec's systems and broader service offerings to better support California charter schools."

"Kristin's considerable experience as a charter school finance and operations expert, notably including her tenure as the CFO of a top-flight charter management organization before founding CharterWorks, will bring a valuable perspective to our team," said Campo.

Nationwide, there are over 2.5 million students enrolled in over 6,000 public charter schools. Charter schools are the fastest growing sector in the public education system with enrollment increasing 100 percent over the last five years - coupled with rising demand as one million student names currently sit on waiting lists. California has one of the highest enrollment rates in the country, with 1,130 schools serving more than 500,000 students as of the 2013-2014 school year.

"As a charter school leader, it's exciting to see EdTec and CharterWorks coming together to put their collective strengths towards providing high-quality services that allow our schools to focus our time and energy on instructional improvements and our students' day-to-day needs," said Dr. Meg Palisoc, Co-Founder and CEO of Synergy Academies. "As the charter movement continues to grow with demand for more quality options, the strategic and hands-on support they provide will be essential to ensure that school leaders can make the best decisions for their students and their staff."

About EdTec
Founded in 2001, EdTec Inc. is a social venture with a mission and singular focus to drive quality in the charter movement by delivering the highest value charter school support services and expertise and by bringing economies of scale to developers, independent charter schools, multi-site charter school organizations, and charter school support organizations. EdTec has offices in northern and southern California and Nashville, Tennessee, satellite presences in New York and Washington, DC, and is also supporting the nascent charter movement in the state of Washington.

About CharterWorks
Founded in 2009, CharterWorks provides a wide range of professional and efficient support services to help California's charter schools make the most of their limited financial resources. Developed and supported by successful charter school operators, CharterWorks delivers high-quality support including back-office accounting, financial reporting and budgeting, compliance reporting, grant support, training, charter-school development, and other wide-ranging operational services.