US-based KnowFully Learning Group, a professional education provider backed by private equity firm NexPhase Capital, has acquired accountancy learning company MasterCPE.

KnowFully offers continuing professional education, exam preparation courses, and digital learning solutions to the accounting, finance, and healthcare sectors.

Under NexPhase’s ownership, KnowFully has made several add-ons, including the recent acquisition of two companies operating in the health education field, American Fitness Professionals & Associates and Psychotherapy.net.

Founded in 2010 and headquartered on Mercer Island, Washington state, MasterCPE is an online provider of required continuing professional education (CPE) courses for certified public accountants (CPAs) and other accounting and finance professionals seeking an asynchronous, self-study option.

MasterCPE offers a subscription model with access to a library of hundreds of on-demand courses ranging from management, auditing and taxation, to ethics and technology. MasterCPE enables accounting and finance professionals to earn CPE credits on their own time, with instant grading and certificates, and is approved for CPE credits in all 50 US states, including those that require State Board of Accountancy approval.

MasterCPE courses include all the materials, review questions, final exams, and the certificates a learner needs to earn CPE credits. The materials are PDFs that can be downloaded for offline studying, but all testing is done online. Some of the courses qualify as credit for enrolled agents, certified management accountants, certified internal auditors, certified information systems auditors, and certified fraud examiners.

KnowFully’s chief executive Eric Cantor said: “We are pleased to announce the acquisition of MasterCPE, expanding KnowFully’s presence in the accounting field by reaching a new audience of accounting and finance professionals who want to meet their requirements in a strictly self-paced setting. MasterCPE appeals to the segment of professionals looking for a CPE solution that provides on-demand access so they can easily maintain their professional certifications in a manner that meets their busy schedules.”

Date published: 15 March 2022

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