ROCHESTER, NY August 4, 2014—Second Avenue Software, Inc. (dba, Second Avenue Learning) today announced a minority equity investment by American Public Education, Inc. (NASDAQ: APEI), parent company of online learning provider American Public University System (APUS), which operates through American Military University and American Public University.

As part of the transaction, the parties have signed a Master Development Agreement under which Second Avenue will develop online courses based upon its underlying web- and tablet-based gaming technology with content provided by APUS. APEI previously disclosed the equity investment in a quarterly filing with the U.S Securities and Exchange Commission.

APUS is a fully-online...

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