PITTSBURGH, June 14, 2012 /PRNewswire/ – The Pittsburgh Venture Capital Association has honored Dennis Ciccone, president of Carnegie Learning, with the 2012 Outstanding Entrepreneur Award. Recognized as a prolific entrepreneur, Mr. Ciccone led a national venture capital firm and guided several Pittsburgh-based start-ups through high growth and successful acquisition.
Mr. Ciccone is currently leading Carnegie Learning, a developer of adaptive mathematics instruction for middle school, high school, and higher education students. He joined the company as chief executive officer in January 2005 and, in the first fiscal year of his leadership, revenue grew by 50 percent. Carnegie Learning was acquired by Apollo Group (APOL) in September 2011 and continues to operate as a wholly owned subsidiary.
Before joining Carnegie Learning, Mr. Ciccone was a founder and the managing partner of Lycos Ventures, a $70 million fund investing in start-up companies providing internet content and services to the Lycos search engine web site. He also served as vice president of mergers and acquisitions for Lycos, Inc. In that capacity, Mr. Ciccone held a seat on the Board of Directors of Carnegie Learning and several other Lycos Ventures portfolio companies. In the late 1990′s, he was president and chief operating officer of WiseWire, an internet company purchased by Lycos in 1998. Earlier in his career, Mr. Ciccone
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