Rafter Adds Chief Financial Officer, Expands Management Team

Rafter Adds Chief Financial Officer, Expands Management Team 
Charles Ferer Joins Rafter to Advance Company's Financial and
Operational Excellence as Course Materials Management Leader
Accelerates Growth 
SAN MATEO, CA -- (Marketwire) -- 01/31/13 --   Rafter, the leader in
course materials management software, today announced that it has
appointed Charles Ferer as the company's chief financial officer
(CFO). Ferer brings more than 20 years of experience in financial
operations and corporate finance, at both Fortune 500 and emerging
technology companies. Ferer will play an instrumental role in helping
Rafter into its next phase of expansion. 
"Now is a fantastic time to join Rafter. The company is working with
schools to make sense of the deep, complex issues facing higher
education today," said Charles Ferer, CFO of Rafter. "As a parent and
a business person, I understand the financial burden that the
skyrocketing costs of higher education can place upon a family as
well as the impact it has on our economy. I'm eager to help expand
upon Rafter's efforts in this regard and help strengthen their
mission of partnering with schools to make higher education more
affordable, accessible, and effective to the benefit of their
Prior to joining Rafter, Ferer served executive roles at a number of
high-growth technology companies, including serving as the CFO of
SolarCity (NASDAQ: SCTY), a national leader in clean energy services,
and president of EchoFirst, a top solar energy company. He brings to
Rafter a proven track record of success, including raising multiple
structured finance funds totaling more than $700 million, which
enabled the introduction of consumer leasing programs at three
companies, and now accounts for more than 70 percent of industry
sales. Prior to his experiences in the solar industry, Ferer held
several senior posts at Fortune 100 corporations such as PepsiCo,
Transamerica and the GAP. 
"Rafter is growing rapidly in one of the largest and fastest changing
segments of the US economy -- Education. Educational institutions are
actively rethinking how to offer their products, how to finance
themselves, and how to bring about overall efficiency to their
programs," said Mehdi Maghsoodnia, Rafter's CEO. "Charles is the
perfect candidate to help the Rafter team and its growing list of
more than 300 institutional partners tackle the issues of
affordability, accessibility and scale. In the past 15 years, Charles
has worked on helping companies find creative strategies to enable
the growth. His brain and creative mind join our dynamic team at
Rafter is one of the fastest growing education technology companies
nationwide, serving over 1.2 million students, saving them more than
$250 million in cash and financial aid, and partnering with more than
300 schools.  
About Rafter
 Rafter is a complete, cloud-based course materials
platform that is modernizing the entire educational content
ecosystem, from author to student and everything in-between, to make
educational content more affordable, effective, and accessible. The
company is revolutionizing the way students and schools find, source,
and control course materials -- the second largest educational cost
behind tuition -- with more than 300 colleges and universities
already running on Rafter and saving students more than $250 million
in cash and financial aid. By delivering superior service to students
and educators, schools on Rafter are increasing graduation rates,
differentiating their offerings, and elevating their overall quality
of education. Rafter also operates BookRenter.com, a destination site
for students to rent textbooks at up to 80 percent off the retail
price. Rafter is a venture-backed, privately held company
headquartered in Silicon Valley, California. To learn more, visit
Media Contact 
Sara Schulte 
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