uBoost

uBoost is an award winning, online rewards and recognition platform utilized to increase frequency of “target behaviors”—behaviors of our clients’ customers, students or employees that impact their bottom line.  Utilizing social tools, gaming mechanics and redeemable currency in a fully integrated online program, clients see dramatic increases in retention and test scores.

John C. Bower brings 20 years business experience managing high growth companies to uBoost, Inc.  Prior to uBoost, Mr. Bower co-founded Sennet Capital and was the CFO and COO at Hawaii Biotech where he helped to secure over $50 million in equity and grant funding.  He came to Hawaii from Chicago where he co-founded and operated HealthRev, a national healthcare front office outsourcing company. In less than three years, Mr. Bower expanded HealthRev to ten states, over two hundred employees, and $20 million in revenue and $4 million in annual cash flow.  In 1999, Mr. Bower sold HealthRev to a Chicago based private equity firm where he remained for two years to assist in the transition.  Prior to HealthRev, Mr. Bower was a founder and Managing Director of a boutique investment company that specialized in debt and equity funding for start-ups and high growth companies throughout the United States.  He graduated with honors with his BS and MBA from Cornell University.

uBoost charges its clients for each point they award to their users for the target behaviors that drive course completion and student retention .  Users can redeem their points on thousands of items in the uBoost catalog.  Because uBoost invoices its clients at the time the award is made and not when users redeem, working capital is positively impacted at scale.  Many K-12 students redeem their uBoost points for virtual goods and sweepstakes resulting in attractive profit margins.

uBoost charges a nominal fee for setup, client-side widget, branding, single-sign on integration and customization.  For clients that are only interested in the leader board, badge, and charitable giving features, are offered a per user annual license fee option.  This option doesn't include any redemption opportunities.

Our client list includes Kaplan, K12 Inc, Coonnections Academy, Scientific Learning, and Mosaica amoung others.  Switching costs are high because of the point balances our clients' users have built up.  uBoost has first mover advantage and strong name recognition in the K-12 for-profit education space.