Based out of Venturef0rth, HigherNext was founded in 2010 by Wharton MBA grad Friedman. The company originally offered a standardized business test to help college graduates set themselves apart from others but later developed an online testing product.
Friedman declined to comment on the acquisition. According to his bio on ProctorU, he still lives in Philadelphia. HigherNext had three team members, according to its website.
HigherNext had raised a total of $915,000, according to SEC filings. Dan McKinney, managing partner at NextStage Capital, is listed as a board member of the company. Before launching HigherNext, Friedman worked at NextStage Capital, the Audubon-based venture capital firm.-30-