Provider of Popular STEM Learning Software Launches, Grows Its Business on NetSuite

Spun out of Rice University in 2013, Accelerate Learning has grown rapidly into a leading provider of digital science curriculum for grades K-12. In just a few years, its STEMscopes software for science, technology, engineering and math has been adopted in nearly 10,000 schools in more than 40 U.S. states. To facilitate that growth, Accelerate Learning chose a system that could scale with it.


Accelerate Learning

Company

Accelerate Learning

Location

Houston, Texas

Industry

Software

EMPLOYEES

100

NUMBER OF USERS

10

SYSTEM REPLACED

Excel

NETSUITE PRODUCT IMPLEMENTED

NetSuite

IMPLEMENTATION PARTNER

NetSuite Professional Services

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“We’ve grown 121 percent in the past two years. We wouldn’t have been able to achieve that growth without NetSuite.” Lila Soussan, Director, Finance & Administration, Accelerate Learning

Accelerate Learning Scales and Thrives

Seamless revenue recognition for software
Shortly after its launch, Accelerate Learning selected NetSuite in 2014 for its powerful and sophisticated revenue recognition capabilities, an ideal fit for the company’s subscription-based software model. NetSuite handles all financials, billing, fulfillment and reporting, as well as helping the company manage its physical inventory of science kits and textbooks.
Cloud scalability for rapid growth
NetSuite’s scalable platform has enabled Accelerate Learning to manage its rapid growth, with revenue up annually by double and triple digits and the workforce expanding from two to about 100. Ease of use in a cloud model, without the complications of on-premise software, has proven critical for efficient financial management.
Flexibility to pursue strategic objectives
With results showing that students using the STEMscopes digital science curriculum score better on standardized testing, Accelerate Learning sees a bright future. As it continues to grow, Accelerate Learning has a flexible platform to pursue strategic objectives, including potential expansion into international markets through a partnership with CNN.

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