{"id":17959,"date":"2022-01-23T15:55:04","date_gmt":"2022-01-23T20:55:04","guid":{"rendered":"https:\/\/news.elearninginside.com\/?p=17959"},"modified":"2022-01-23T15:55:04","modified_gmt":"2022-01-23T20:55:04","slug":"lightspeed-becomes-100-employee-owned-emphasizing-growth-through-shared-values","status":"publish","type":"post","link":"https:\/\/news.elearninginside.com\/lightspeed-becomes-100-employee-owned-emphasizing-growth-through-shared-values\/","title":{"rendered":"Lightspeed Becomes 100% Employee-Owned, Emphasizing Growth Through Shared Values"},"content":{"rendered":"

TUALATIN, ORE. (PRWEB) JANUARY 20, 2022 – Lightspeed<\/a>, a leading provider of powerful instructional audio solutions, announces the company has become 100% employee-owned under an employee stock ownership plan, also known as an ESOP.<\/p>\n

Lightspeed\u2019s transition to an ESOP places the future of the company in the hands of its employees, giving each employee an ownership interest in Lightspeed and a voice in shaping the company\u2019s future. An ESOP provides continuity to end-users, which in Lightspeed’s case, are educators and students.<\/p>\n

\u201cWe take pride in ownership, which starts with ensuring educators are satisfied with our products and service,\u201d said David Solomon, CEO at Lightspeed. \u201cThis transition has been part of a long-term strategy going back to Lightspeed\u2019s founders and our core values and mission. We\u2019re in it for the long run with our customers and employees.\u201d<\/p>\n

This transition demonstrates Lightspeed\u2019s belief that how you do something is as important as what you do and ensures the company\u2019s values remain at the core of its 30-year culture of integrity, respect, innovation, stewardship and humility. In addition, the change in ownership ensures educators and their students continue to be the focus of Lightspeed\u2019s mission.<\/p>\n

\u201cFor more than a decade, our board has looked to provide all investors\u2014many of whom were with us from the beginning\u2014a strong liquidity exit and to fulfil our founder\u2019s goal of becoming 100% employee-owned,\u201d said Dan Meub, Chairman of the Lightspeed Board of Directors. \u201cWe were able to provide strong returns for all investors and become completely employee-owned while preserving a healthy balance sheet for future growth. This will help preserve Lightspeed\u2019s special culture and legacy for decades to come.\u201d<\/p>\n

Since 1990, educators around the nation have relied on Lightspeed\u2019s instructional audio solutions<\/a>. Lightspeed\u2019s solutions inspire communication and collaboration between educators and students by delivering crystal-clear, low-volume and highly intelligible sound\u2014no matter the environment. In the past five years alone, more than 3,500 schools and districts and over 3.5 million students across the nation have used Lightspeed\u2019s instructional audio solutions.<\/p>\n

\u201cThroughout my 20 years with the company, Lightspeed has excelled at focusing on customers, employees and culture,\u201d said Melissa Williams, the bid and contract manager at Lightspeed. \u201cWe\u2019re passionate about the meaningful work that we do, and I look forward to having a greater voice in the company\u2019s future as we provide innovative products for educators and students for years to come.\u201d<\/p>\n

Lightspeed<\/strong> is on a mission to help every student hear every word. To that end, the company has brought powerful instructional audio solutions to K\u201312 institutions around the globe for more than 30 years. Each product inspires communication and collaboration by delivering crystal-clear, low-volume and highly intelligible sound. Lightspeed offers solutions for several learning environments, including whole- and small-group, distance and hybrid instruction. Passionate about its culture of service, Lightspeed remains dedicated to improving the lives of educators and students through its products, research and partnerships.<\/p>\n

Featured image: Andrea Piacquadio, Pexels.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

TUALATIN, ORE. (PRWEB) JANUARY 20, 2022 – Lightspeed, a leading provider of powerful instructional audio solutions, announces the company has become 100% employee-owned under an employee stock ownership plan, also known as an ESOP. Lightspeed\u2019s transition to an ESOP places the future of the company in the hands of its employees, giving each employee an […]<\/p>\n","protected":false},"author":1,"featured_media":17962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-17959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news"],"yoast_head":"\nLightspeed Becomes 100% Employee-Owned, Emphasizing Growth Through Shared Values - eLearningInside News<\/title>\n<meta name=\"description\" content=\"Lightspeed announces the company has become 100% employee-owned under an employee stock ownership plan, also known as an ESOP.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.elearninginside.com\/lightspeed-becomes-100-employee-owned-emphasizing-growth-through-shared-values\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lightspeed Becomes 100% Employee-Owned, Emphasizing Growth Through Shared Values - 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