Texarkana Tech Company Raises Nearly $3 Million for Online Training Service | Arkansas Business News

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A Texarkana, Arkansas tech company is raising $2.8 million for an online training service.

Vertical Main Street Partners LP has already raised $685,000, according to its recent filing with the United States Securities & Exchange Commission. The money would be used for marketing and adding about 300 independent contractors, Vertical President and CEO Jay Wommack said.

Vertical Main Street is a division of Vertical Alliance Group Inc., which was founded in 1999 as an online recruitment company and is known as Infinit-I Workforce Solutions, powered by Vertical Alliance Group.

In 2004, Vertical Alliance created its own learning management system, or training software, for the trucking industry. “We document training, so if a company needs to improve employee performance, it can,” he said.

Since its launch, the company has delivered more than 125 million training sessions.

Vertical Alliance has approximately 60 employees. Wommack declined to release his earnings figures.

The Main Street division started about two years ago. But it’s the company’s practice to prove the concept before seeking money from investors.

“We cut our teeth in trucking, and now we’re going to Main Street,” Wommack said.

If the business is a local retail store with seven employees or a manufacturer with 10,000 employees, if they “need to train their staff, … that’s where we come in,” he said. .

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